This story was originally published here.
Against arguably the most confusing economic backdrop in this country’s history, U.S. banking giant JPMorgan Chase (NYSE:JPM) is set to report second-quarter earnings in mid-July. The numbers likely won’t be very pretty. The earnings report will likely weigh on JPM stock.
But don’t fret this weakness. Instead, take advantage of it.
The core fundamentals underlying the U.S. economy will improve over the next six months. As they do, JPMorgan’s numbers will only get better. Ultimately, JPM stock will shake off near-term weakness, and finish the year above $100.
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Take a look at this chart:
As you know, the stock market crashed big time back in March.
But see the orange line?
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