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Take a bow, First Solar (FSLR +2.5%): you're the only stock to make JPMorgan's list of stocks to...

Take a bow, First Solar (FSLR +2.5%): you're the only stock to make JPMorgan's list of stocks to avoid in 2013. The firm cites "overcapacity and declining demand in Europe," two things every solar manufacturer is painfully aware of. First Solar, which also made JPM's 2012 list, fell 66% from New Year's to its June low, but has since gained 184% on optimism about its efforts to restructure and focus on installation projects rather than module sales. Altogether, shares are down 4% on the year. Update: Commenter Mister Destructo notes all of JPM's other 2012 stocks to avoid are up on the year.
Comments (6)
  • AZ Desert Trader
    , contributor
    Comments (240) | Send Message
     
    So lets look back at JPMorgan's 2012 stocks to avoid list:

     

    GRMN: Up 10% in 2012
    FSLR: Down 4% in 2012
    EW: Up 40% in 2012
    CSC: Up 60% in 2012
    XOM: Up 10% in 2012

     

    Nice picks for the worst stocks in 2012. If a person would have split their portfolio evently among these in 2012 that would be 23% up for the year. That approximately double the S&P 500 gain for 2012.

     

    Where I can buy some FSLR???
    14 Dec 2012, 08:25 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (806) | Send Message
     
    Thanks for the background info. Not exactly the JPM research team's finest hour.
    14 Dec 2012, 10:55 PM Reply Like
  • forthmike
    , contributor
    Comments (2) | Send Message
     
    I agree.

     

    This says a lot about J P Morgan's ability to give advice about any stock. I would be suspect about buying any stock that they do recommend!
    15 Dec 2012, 10:30 PM Reply Like
  • forthmike
    , contributor
    Comments (2) | Send Message
     
    This says a lot about J P Morgan's ability to predict anything. I would be suspect about any stocks that they would recommend!
    15 Dec 2012, 10:30 PM Reply Like
  • arvml
    , contributor
    Comments (84) | Send Message
     
    I like FSLR at this price. They have changed their business pretty much entirely and should grow significantly in the next 3-5 years as their clean energy installation projects grow globally. There is a huge short position so be cautious.
    15 Dec 2012, 08:48 AM Reply Like
  • GardenWeasel
    , contributor
    Comments (28) | Send Message
     
    FYI - If the links below are at all accurate, as of today:

     

    JPM's 18 "stocks to avoid" for 2012 (http://bit.ly/T50D8W) as a portfolio are up 18.37% as of today - 4 losers, the largest WSH -11.7%, largest gainer CSC +71.22%.

     

    JPM's 28 "best stocks for 2012" (http://read.bi/12wQkx8) are up 19.21%.-
    6 losers, the largest AH -50.52%, largest gainer NXY +68.13%.

     

    I guess that's why they get paid the big bucks.
    17 Dec 2012, 11:11 PM Reply Like
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