Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

Stocks

“Buy These 3 Stocks Before They Jump Around 40%, Says JPMorgan”

“TaskUs (TASK)… This newly public stock has attracted no fewer than 9 analyst reviews in its short time on the public markets. Those reviews break down 8 to 1 in favor of the Buy over Hold, giving TASK a Strong Buy… Continue Reading…

Stocks

“JPMorgan: These 3 Stocks Could Spike at Least 70% From Current Levels”

“Day One Biopharmaceuticals (DAWN)… Overall, there is broad agreement on Wall Street with Rama’s view, as indicated by the unanimous Strong Buy consensus rating, supported by 4 recent positive reviews. Shares in DAWN are selling for $20.11 and their $37.33 average… Continue Reading…

Banking, Business

“JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves”

“JPMorgan Chase on Wednesday reported profit and revenue that exceeded analysts’ expectations on robust trading results and a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn’t develop. The bank posted first-quarter profit of… Continue Reading…

Cryptocurrencies

“JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold”

“In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with gold as an “alternative” currency. But, there’s a catch…” https://www.cnbc.com/2021/01/05/jpmorgan-bitcoin-price-could-rise-to-146k-as-it-competes-with-gold.html Just remember that in reality… Continue Reading…

Stocks

“JPMorgan Sees Possible $300 Billion Rebalancing Flow From Stocks”

“Rebalancing flows may lead to an exodus of around $300 billion from global stocks by the end of the year, according to JPMorgan Chase & Co… “We see some vulnerability in equity markets in the near term from balanced mutual… Continue Reading…

Stocks

“What Pullback? JPMorgan Says These 2 Stocks Could Surge Over 60%”

“Alliance Data Systems (ADS)… Overall, ADS has a Strong Buy rating from the analyst consensus, based on 5 Buys and 1 Hold. The stock is selling for $53 and its $71.43 average price target implies an upside of ~35% over… Continue Reading…

Stocks

“These are the 3 best dividend yield investments for 2021”

“JPMorgan Chase Yield: 3.5% This is a well-run bank JPM, 0.15% with a great protective moat. Banks naturally benefit when yield curves turn more upward sloping, which typically happens as economies heat up. Insider buying by executives and directors can be a bullish… Continue Reading…

Business, Economy

“JPMorgan Projects 50%-Plus Airline Revenue Decline In 2021”

“JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand.  The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target.  Baker upgrades United Airlines (NASDAQ: UAL) from Neutral to Overweight and raised… Continue Reading…