The retail investors are buying stocks at their largest level in a decade, according to JPMorgan. However, the bank, along with others like Citi and Wells Fargo, is reeling from recession fears, leading to a drop in global bank stocks. Even as some stocks like Palantir, Caterpillar, and Apple made significant midday moves, JPMorgan's outlook has been grim. The bank has projected the recession risk at 60%, stating 'there will be blood' as the global stock markets continue to sell off. The anxiety seems to stem from President Trump's tariffs, which could potentially push America into a recession. Despite the pessimism, certain JPMorgan strategists are optimistic about specific underrepresented stocks and have continued to upgrade them. They see areas like the Chinese consumer recovery and industries like insurance as possible defensive plays in the economic slowdown. The bank is less hopeful about companies like Tesla, cutting profit estimates citing brand damage, and lowering the stock rating of U.S. Bancorp. Simultaneously, it identified Meta and Spotify as strong stocks if the economy weakens further.
Jpmorgan Stocks News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sat, 05 Apr 2025 19:59:36 GMT - Rating -6 - Innovation -2 - Information 5 - Rumor -3
