Jim Cramer’s Game Plan: 10 Stocks in Focus

7. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 123

JPMorgan Chase & Co. (NYSE:JPM) received a comment during the episode as Cramer said:

“Friday, well, here we go. Earnings season and it’s real big. It officially kicks off with the big-time financials reporting. These stocks have been crushed because Wall Street now expects a nasty downturn in the economy.

The declines here are staggering. Take JPMorgan, one of the best banks in the world, but people are incredibly skittish about paying up for a bank ahead of an unexpectedly horrendous capital market. So instead of paying 14 times earnings, they’re now paying just 11 times earnings and the stock’s declined from $280 to $210. That’s down 17 points today alone, by the way. That’s an unfathomable journey down from the mid-February high where we believed in a revival of financial activity, spurred by [an] aggressively pro-business president.”

JPMorgan (NYSE:JPM) provides financial services like consumer banking, investment banking, lending, and asset management. It serves individuals, small businesses, corporations, and institutions.