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JP Morgan Chase and Co. (JPM) manages ~ $200 bn in equity assets primarily through its asset management subsidiary JP Morgan Asset Management. The firm caters to high net-worth individuals, corporations, pension and profit sharing plans, charitable organizations and institutions.

Investment Strategy: JP Morgan Asset Management offers various strategies, including active extension, behavioral, core, enhanced, growth, long / short, quantitative and value. Investments are carried out through U.S., international and global portfolios. Emphasis is placed on identifying and monitoring key valuation and risk metrics. For the domestic investments, the firm primarily employs fundamental research to identify favorable investments. A three-step process is applied, combining research, valuation and stock selection. J.P. Morgan purchases companies that are undervalued and considers selling them when they appear to be overvalued. In addition to valuation, the firm looks for a catalyst that could prompt a rise in a stock's price, a high potential reward compared to potential risk, or temporary mispricings due to market overreactions.

Here are some of the gems from JP Morgan’s top buys which have outperformed the broader markets significantly since June 30.

Stock

Symbol

Shares Held - 03/31/2011

Shares Held - 06/30/2011

Change in shares

% change in stock price (June 30- Sept. 23)

Apple Inc.

AAPL

12462126

13123363

661237

21.03%

The Coca-Cola Company

KO

21475506

24420428

2944922

1.06%

Firstenergy Corp.

FE

923322

6156510

5233188

2.66%

Constellation Energy Group, Inc.

CEG

2083002

7650113

5567111

0.05%

Broadcom Corp.

BRCM

14171114

19709082

5537968

6.79%

Target Corp.

TGT

6296260

8716977

2420717

5.70%

Credicorp Ltd.

BAP

151551

950715

799164

3.75%

Deckers Outdoor Corp.

DECK

406247

1186138

779891

14.24%

Source:13F filing

Apple Inc. designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. Apple's EPS forecast for the current year is $27.55 and next year is $32.49. According to consensus estimates, its top line is expected to grow 66.90% in the current year and 22.90% next year.

Apple is a secular growth and market share gain story in the smartphone and tablet space. Apple’s competitors in both the smartphone and tablet space have, so far, been unable to counter Apple’s continued market share gain in both the segments. Recently Apple’s smartphone competitor Research in Motion (RIMM) declared its quarterly results. Its BlackBerry units plummeted 20% Q/Q, while PlayBook shipments tanked 60%. I believe it is only a matter of time before the iPhone and iPad challenge RIMM's enterprise dominance. At 12x next year EPS and cash in hand of around $75 billion, it is one of the best stocks to buy in the current uncertain times. The coming iPhone 5 launch will likely be the next catalyst for the stock.

The Coca-Cola Company is a non-alcoholic beverage company. The company owns or licenses and markets more than 500 non-alcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Coca Cola's EPS forecast for the current year is $3.87 and next year is $4.29. According to consensus estimates, its top line is expected to grow 32.60% in the current year and 5.00% next year.

Coca-Cola is one of the greatest companies with a stable business model and good dividend yield in current uncertain times. It is also one of the top holdings of Warren Buffett. One of the interesting things to note is while its immediate peer PepsiCo (PEP) has declined 9% with broader markets since June 30, Coca-Cola has actually given positive returns.

FirstEnergy Corp. is a holding company, which holds directly or indirectly eight principal electric utility operating subsidiaries: Ohio Edison Company, The Cleveland Electric Illuminating Company, The Toledo Edison Company, Pennsylvania Power Company, American Transmission Systems, Incorporated, Jersey Central Power & Light Company, Metropolitan Edison Company and Pennsylvania Electric Company. FirstEnergy's EPS forecast for the current year is $3.34. According to consensus estimates, its top line is expected to grow 33.20% in the current year and 3.70% next year.

Constellation Energy Group, Inc. is an energy company that conducts its business through various subsidiaries and joint ventures organized in three business segments: a generation business, a customer supply business and Baltimore Gas and Electric Company. Constellation Energy Group's EPS forecast for the current year is $3.18 and next year is $2.46. According to consensus estimates, its top line is expected to grow 7.40% in the current year and 4.20% next year.

Broadcom Corporation is a provider of semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. The company provides a range of system-on-a-chip, and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. Broadcom's EPS forecast for the current year is $2.96 and next year is $3.13. According to consensus estimates, its top line is expected to grow 11.10% in the current year and 10.10% next year.

Target Corporation operates Target general merchandise stores with an assortment of general merchandise and food assortment. Its expanded food assortment includes some perishables and some additional dry, dairy and frozen items. In addition, it operates Super Target stores with general merchandise items and a full line of food items. Target's EPS forecast for the current year is $4.22 and next year is $4.34. According to consensus estimates, its top line is expected to grow 3.80% in the current year and 4.10% next year.

Credicorp Ltd. is a financial services holding company. The company operates in four segments: banking, insurance, pension funds, and brokerage. Credicorp's EPS forecast for the current year is $8.42 and next year is $9.67. According to consensus estimates, its top line is expected to grow 19.70% in the current year and 12.90% next year.

Deckers Outdoor Corporation is a designer, producer, marketer, and brand manager of footwear and accessories. The company sells its products and accessories-- such as handbags and outerwear-- through domestic and international retailers, international distributors, and directly to end-user consumers, both domestically and internationally, through its Websites, call centers, retail concept stores and retail outlet stores. Deckers Outdoor's EPS forecast for the current year is $4.81 and next year is $5.84. According to consensus estimates, its top line is expected to grow 28.30% in the current year and 18.20% next year.

Source: JPMorgan Chase & Co.'s Best Performing Top Buys