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J.P. Morgan adds 7 stocks to money list

Mon Dec 1, 2008 11:58am EST

Stocks

   
The Las Vegas Sands company logo is seen in front of its construction site in Macau November 14, 2008. REUTERS/Bobby Yip

(Reuters) - J.P. Morgan Securities added seven stocks to its small- and mid-cap money list, saying it estimated a mid-2009 trough date for the recession and the stocks will likely bottom between now and early 2009.

The brokerage said it added casino operator Las Vegas Sands Corp (LVS.N), online travel agency Priceline.Com Inc (PCLN.O), casual dining restaurant chain Red Robin Gourmet Burgers Inc (RRGB.O) and United Airlines parent UAL Corp (UAUA.O) to the SMid Money List under its Captain PEG theme.

The Captain PEG theme identifies companies with improving fundamentals with a combination of a low price to earnings and an improvement in earnings per share over the next few years, the brokerage said.

The brokerage said it also added drugstore chain Rite Aid Corp (RAD.N), life and mortgage insurer Genworth Financial Inc (GNW.N) and Fluor Corp (FLR.N) to the SMid Money List.

(Reporting by Bijoy Koyitty in Bangalore; Editing by Jarshad Kakkrakandy)


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