uploads///chart

Moving Average Trends and Analyst Estimates of JPMNX’s Top Holdings

By

Nov. 20 2020, Updated 1:01 p.m. ET

Upside moving trends

As of the end of December 2016, the JPMorgan Prime Money Market Fund (CJPXX)(CJPXX), Lowe Cos (LOW), Avago Technologies (AVGO), Humana (HUM), and Union Pacific (UNP) made up the top five long holdings of the JPMorgan Research Market Neutral Fund Institutional Class (JPMNX). The JPMorgan Prime Money Market Fund (CJPXX)(CJPXX) is a broader, traditional mutual fund managed by JP Morgan Asset Management. Notably, all of JPMNX’s top holdings except CJPXX were trading below their 20-day and 100-day moving averages as of January 29, 2016.

Article continues below advertisement

The graph above shows the moving averages, forward target price, and returns of top holdings of JPMNX. Avago Technologies, Humana, and Union Pacific were trading at 2%, 9.1%, and 16.2% below their respective 100-day moving averages. On the other hand, CJPXX was trading at 23.6% above its 20-day moving average as of the same date.

Analyst estimates

These one-year price estimates, according to the most recent Bloomberg survey, indicate an upside of to all the equity stock holdings of JPMNX. Avago Technologies was estimated to reach the highest, with an upside of 35.4% from its current levels. Similarly, Lowe Cos, Humana, and Union Pacific have yearly upside targets of 20.7%, 29.8%, and 19.2%, respectively. The forward 12-month EPS (earning per share) estimates for Lowe Cos (LOW), Avago Technologies (AVGO), Humana (HUM), and Union Pacific (UNP) are $0.59, $2.3, $1.4, and $1.1, respectively.

In the next and final part of this series, we’ll analyze the effect of adding JPMNX to an S&P 500 index (VFINX) portfolio.

Advertisement

More From Market Realist

  • BioNano Genomics Saphyr system
    Company & Industry Overviews
    BioNano Genomics (BNGO) Stock Looks Like a Buy, Solid Opportunity
  • Delta aircraft
    Company & Industry Overviews
    Delta Air Lines Updates Mandatory Vaccine Policy, Explained
  • AMC advertisement in walkway
    Company & Industry Overviews
    Why It's Time for Most Investors to Sell AMC Entertainment Stock
  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.