At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.
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|Company||Symbol||Industry||Stock Rating||YTD% Gain||S.T.
|Janus Capital Group||JNS||Asset Management & Custody Banks||9.7||+3.69%||$8.93|
Why We Like The Stock:
Janus Capital Group (NYSE:JNS) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) in one of our top-rated sub-industries, Asset Management & Custody Banks. Since mid-November 2012, Asset Management and Custody Banks stocks have been on a tear, as noted in JNS’s competitors Apollo Global Management (NYSE:APO), Prospect Capital (NYSE:PSEC), and Federated Investors (NYSE:FII).
JNS hasn’t had quite the upward thrust as these stocks, though its intermediate- and short-term set-up is far more attractive. After hitting recent highs upwards of $10 on January 24, JNS has pulled back to the $9.30 area, bouncing nicely off of its 50-day moving average and confirming support around $9.20. We like JNS on this pullback with its immediate upside to $10 with a stop at $8.93. This stop gives the stock a bit of wiggle room, so a $9 or $9.10 stop would also make sense for the more conservative trader. However, we believe that the lower stop is a good play as after a dismal 2011, JNS is back on the upswing and a value at current prices. We like JNS here for as a short-term play to $10, but also a long-term hold back into the $15 range.
We Would Be Buyers:
At the current price ($9.30), or on a pullback to $9.10.
Janus Capital Group (JCG) provide investment management, administration, distribution and related services to individual and institutional investors through mutual funds, other pooled investment vehicles, separate accounts and sub-advised relationships (collectively referred to as investment products) in both domestic and international markets. JCG offers three types of investment advisory services, including fundamental equity (includes growth and core equity, global and international equity, and value investment disciplines), fixed income and mathematical equity. The Company provides these services through its three primary subsidiaries, Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Its investment products are distributed through three channels: retail intermediary, institutional and international.
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
At the time of publication the editor and affiliated companies own the following positions:
Note: Positions may be bought or sold while this publication is in circulation without notice.
Janus Capital Group Last 3 Months
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