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The Latest Breaking News from JPMorgan

JPMorgan Downgrades Chevron, But This Investor Doesn't See Good Reason To Sell The 'Juggernaut'

Chevron Corp (NYSE: CVX) was featured as the call of the day Friday on CNBC's "Fast Money Halftime Report."

Goldman Sachs, JPMorgan Head For The Exits In Russia: Will Other Wall Street Firms Follow Suit?

Goldman Sachs, JPMorgan Head For The Exits In Russia: Will Other Wall Street Firms Follow Suit?

Russia's unilateral aggression in Ukraine has drawn the ire of people from all quarters.

JPMorgan Sees 'Limited Upside Potential' In Kymera Therapeutics' KT-474

JPMorgan Sees 'Limited Upside Potential' In Kymera Therapeutics' KT-474

JPMorgan has initiated the coverage of Kymera Therapeutics Inc (NASDAQ:KYMR) with a Neutral rating and a $44 price target. Analyst Eric Joseph says that the Company is "relatively insulated from downside pressure versus the benchmark from a healthy balance sheet." At the end of 2021, Kymera held approximately $567.6 million in cash, cash equivalents, and investments.…

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JPMorgan Cuts Price Target Of This Homebuilder - Read Why

JPMorgan analyst Michael Rehaut maintained an Overweight rating on D R Horton Inc (NYSE:DHI) shares and reduced the price target from $132 to $100, implying a 22.6% upside. The analyst expects several headwinds to persist for homebuilding stocks over the near to medium term. Rehaut takes a less constructive and more selective approach to the…

Amazon Remains JPMorgan's Top Overall Idea In Internet

JPMorgan analyst Doug Anmuth says Amazon.com Inc (NASDAQ:AMZN) remains his top overall idea in the internet space. The re-rating came after the Department of Commerce released Q4 U.S. e-commerce sales of $258 billion, shy of the firm's $270 billion estimates. The e-commerce sales were due to a softer than expected holiday season, the continued resurgence…

Does JPMorgan Own MetaMask? New Report Points To Link Between The Companies

Commonly used online wallet MetaMask is one of the largest players in the cryptocurrency and non-fungible token markets and is used by millions of people. A new report shows that MetaMask could be owned by a top U.S. and global banking company.

Read How Analysts Reacted To Gap's Q4 Results

Morgan Stanley analyst Kimberly Greenberger noted Gap Inc's (NYSE:GPS) adjusted EPS loss per share of $(0.02) in Q4 beat expectations. But she finds it "difficult to avoid the conclusion that losing money in what should be one of the most profitable quarters every year suggests fundamentals and execution were gravely challenged." Greenberger thinks…

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7 Dividend Growth Stocks That Analysts Love

7 Dividend Growth Stocks That Analysts Love

Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns.

Read How Analysts Reacted To Potential GXO - Clipper Logistics Deal

Read How Analysts Reacted To Potential GXO - Clipper Logistics Deal

Citi analyst Christian Wetherbee is "constructive" on GXO Logistics Inc's (NYSE:GXO) purchase of Clipper Logistics in a deal valued at $1.3 billion, split between cash and stock. Wetherbee maintained a Buy rating on the shares with a price target of $110. The analyst likes the "high-growth nature" of Clipper's business, saying it is underpinned by…

JPMorgan's Latest Secret Fintech Business: All You Need To Know

JPMorgan's Latest Secret Fintech Business: All You Need To Know

JPMorgan Chase & Co (NYSE:JPM) has quietly hired programmers and created products for new fintech businesses, CNBC reports. The business is known internally as “Project Bloom” because of its goal of helping early-stage private firms grow. Michael Elanjian, head of digital innovation for JPMorgan’s corporate and investment bank, runs Project Bloom. The…

Why This Investor Bought JPMorgan Stock Today

Why This Investor Bought JPMorgan Stock Today

JPMorgan Chase & Co (NYSE: JPM) is down nearly 10% this year and continues to trend lower amid Russia's invasion of Ukraine. Cerity Partners' Jim Lebenthal sees opportunity in JPMorgan shares, suggesting the market may be getting it wrong.

Analysts Continue To See Sharp Upside In Alibaba Post Q3 - Read Why

Analysts Continue To See Sharp Upside In Alibaba Post Q3 - Read Why

Analysts remained optimistic on Alibaba Group Holding Ltd (NYSE:BABA) post Q3 results. JPMorgan analyst Alex Yao noted that Alibaba reported fiscal Q3 results broadly in-line with Bloomberg consensus and his estimates. Yao has an Overweight rating and a $180 price target (65.2% upside) on Alibaba. He believes a weak December quarter result was "largely expected by…

Chart Wars: Will Bank Of America Or JPMorgan Soar Higher On A Break Of This Key Pattern?

Chart Wars: Will Bank Of America Or JPMorgan Soar Higher On A Break Of This Key Pattern?

Bank of America Corporation (NYSE: BAC) and JP Morgan Chase & Co (NYSE: JPM) opened higher on Wednesday in tandem with the S&P 500, but selling pressure entered just after 9:35 a.m., when Newsweek

Why Palo Alto Networks Shares Are Trading Higher Premarket

Why Palo Alto Networks Shares Are Trading Higher Premarket

Analysts raised their price targets on Palo Alto Networks Inc (NASDAQ:PANW) following Q2 results. JPMorgan analyst Sterling Auty upgraded Palo to Neutral from Underweight with a PT of $620, up from $600 (30.4% upside). Palo Alto is one of the cybersecurity companies well-positioned to compete for the cloud security opportunity, Auty said. The analyst says the…

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Read How JPMorgan Views Meta, Apple, Amazon, Netflix

Tech-dominated "growth" stocks are still not cheap despite sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned, Reuters reports. The so-called FAANGs have seen some of their COVID-era surges cut back this year. Meta Platforms Inc (NASDAQ:FB) fell 38%, Apple Inc (NASDAQ:AAPL) was down 5.7%, Amazon.com Inc (NASDAQ: AMZN) down 8.5%, and was Netflix Inc (NASDAQ: NFLX)…

JPMorgan Sees 57% Upside In Netflix - Read Why

JPMorgan analyst Doug Anmuth says Netflix Inc (NASDAQ:NFLX) shares "remain controversial" as the in-line Q4 subscribers and "light" Q1 outlook are driving lower growth expectations and increased questions around subscriber penetration impact of content and competition. However, he believes solid secular growth remains in global streaming and that Netflix's penetration of global broadband…

JPMorgan Analyst Notes China Impact On Apple iPhone Shipments

JPMorgan analyst Samik Chatterjee noted that the China Academy of Information and Communications Technology disclosed that international shipments tracked at 7.3 million for January beat the historical average of 4.8 million shipments for the month and "the highest shipments for the month of January since 2015."

Here's Why Cognex Shares Are Trading Higher Premarket

JPMorgan analyst Paul Chung upgraded Cognex Corp (NASDAQ:CGNX) to Neutral from Underweight with a price target of $68, down from $80, post the Q4 beat. The price target implies an upside of 10.3%. Cognex's Q4 FY21 revenue of $244.1 million beat the consensus of $222.96 million. EPS of $0.30 beat the consensus of $0.22. Cognex…

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JPMorgan Upgrades Werner Enterprises To Neutral, Sees 10% Upside

JPMorgan analyst Brian Ossenbeck upgraded Werner Enterprises, Inc. (NASDAQ:WERN) to Neutral from Underweight and raised the price target to $47 (an upside of 10.1%) from $44. Ossenbeck says the company's strategy to replace tractors off-cycle, "aggressive" recruiting of drivers, and significant investment growing the dedicated fleet represents a focus on growth through the cycle. The analyst…

JPMorgan Opens A Lounge In Decentraland, Sees $1 Trillion Metaverse Opportunity

Wall Street banking giant JPMorgan Chase & Co. (NYSE: JPM) has become the first major bank to enter the metaverse.

Analysts Cut Weber Price Target Post Q1 Results

Analysts lowered their price targets on Weber Inc (NYSE:WEBR) following its Q1 results. JPMorgan analyst Megan Alexander downgraded Weber to Neutral from Overweight with a price target of $9.50, down from $13, implying an 8% downside. The analyst sees high sales uncertainty ahead with risk in the second half of 2022 on price elasticity and do-it-yourself…

JPMorgan Upgrades Goodyear Tire & Rubber After Q4 Earnings, Stock Pullback

Shares of Goodyear Tire & Rubber Co (NASDAQ: GT) plummeted more than 27% on Friday, after management guided to softer-than-expected performance in 2022, citing inflation. The stock tumbled despite the company reporting “solidly better” results for the fourth quarter, according to JPMorgan.

JPMorgan Sees Downside In This Food Products Giant - Read Why

JPMorgan analyst Ken Goldman downgraded Kellogg Co (NYSE: K) to Underweight from Neutral with a price target of $57, down from $64, implying a 10.38% downside.

JPMorgan Sees Sharp Upside In Carpenter Technology

JPMorgan analyst Michael Glick upgraded Carpenter Technology Corp (NYSE:CRS) to Overweight from Neutral and raised the price target to $53 (an upside of 59.5%) from $52. Glick mentions that with growing signs of an inflection point in the company's key end market, aerospace, the stock's underperformance since the beginning of 2020 is likely to change in…

JPMorgan Downgrades US Xpress Enterprises To Underweight After Mixed Q4 Results

JPMorgan analyst Brian Ossenbeck downgraded US Xpress Enterprises Inc (NYSE:USX) to Underweight from Neutral without a price target. Ossenbeck mentions that the company's execution continues to trail peers while strategic initiatives add to the near-term headwinds in truckload and brokerage. The analyst says U.S. Xpress's recent setback of the transition to the Variant digital fleet will…

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