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Tesla, Best Buy, Apple, Amazon

The following are Wall Street’s most important calls Wednesday. Oppenheimer upgraded CME to perform from perform Oppenheimer claimed that CME was a great defensive play during a bearish market. CME is being upgraded from Perform, to Outperform. We also introduced a target price of $223. We assume that neither recession nor extreme events are likely, […]

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Pros on Snap’s lower guidance impact

Market Movers brings together the most important trades posted by investors and analysts to CNBC during the day. Snap dropped more than 40% today after it announced lower revenues than forecasted for the quarter. Snap and several other digital ads companies also fell today. Snap, Costco and Goldman Sachs are just a few of the […]

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JPMorgan sees a rebound ahead

JPMorgan named four stocks that will benefit from normalized growth as Covid-19 case numbers fall in China’s major cities. JPMorgan analysts stated that they believe there will be an increase in consumption during the second or third quarters of 2012, when the ecommerce market should recover to its normalized growth rate. They advised investors to […]

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JPMorgan Chase, Gap, VMWare & more

People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters These are the headline-grabbing companies in midday trading. JPMorgan Chase – JPMorgan rose 7% after the bank said it expects to reach key return targets sooner than planned thanks to rising interest rates giving its […]

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JPMorgan backtracks on key target, says it can reach 17% returns this year

Jamie Dimon, CEO of JPMorgan Chase speaks to the Financial Membership of New York in New York, January 16, 2019. Carlo Allegri | Reuters JPMorgan Chase on Monday reversed course on steerage it gave in January, saying the financial institution might obtain a key efficiency goal this yr in any case. The lender mentioned {that […]

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JPMorgan says Bill.com is ‘bona fide growth stock’ unfairly caught in the sell-off

JPMorgan says that while the tech sector is experiencing a lot of downsizing, Bill.com still has great potential for growth. Tientsin Huang began coverage with an overweight rating. She described Bill.com as a solid growth stock and one that has early-mover potential. BILL is a company that has created a platform for solving the old […]

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Traders are lining up to short the British pound with a recession on the horizon

British Union flag, also known as a Union Jack, and an American flag at ETX Capital, a broker of contracts-for-difference. As the British economy is facing soaring inflation, high costs of living and other challenges, the pound has dropped more than 8 percent against the dollar. Traders are taking short positions on the pound. Bloomberg […]

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5 things to know before the stock market opens Wednesday, May 18

These are the top news, trends, and analyses that traders need in order to get started with trading. 1. Inflation claims another retailer and stock futures drop Traders in the NYSE Floor, May 17th 2022. Source: NYSE U.S. stock futuresTuesday’s drop was due to rising inflation that hammered another retailer. TargetThe premarket fell more than […]

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JPMorgan investors hand Dimon rare rebuke, object to $53 million bonus

JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan ChaseChief Executive Officer Jamie DimonOn Tuesday, the bank […]