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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…

Banking

“JPMorgan Asset Says It’s Way Too Soon for Negative U.S. Rates”

““Three, four years down the line if the economy is still in a very weak state, then perhaps the Federal Reserve could consider negative rates,” said Seamus Mac Gorain, head of global rates in London at the $1.7 trillion investment… Continue Reading…