JPMorgan seems to have a mixed perspective regarding the evolution of the stock market for H2 2021. Despite foreseeing a continuation of the stock rally, it also warns of a potential summer market correction, asserting that stocks could hit a wall. In contrast, some of their top stock picks include data security companies like Zscaler, and Adobe, due to fruitful prospects and smooth sailing. The financial firm is also purchasing stakes in various ETFs, like the Ultra-Short Income and Equity Premium Income.
However, there seems to be a level of skepticism regarding the valuation of its own stock. CEO Jamie Dimon even expressed it's 'too expensive', halting plans for large scale buybacks. JPMorgan also seems to be taking a 'better safe than sorry' approach, warning of abundant risks being currently disregarded by stocks. Despite these warnings, JPMorgan clients are reportedly piling into US stocks ahead of CPI and Fed data.
They also expect preferred shares to perform well after the 2023 bank failures. In terms of international markets, JPMorgan maintains a positive outlook on China stocks while showing a construction stance on real estate. Bearish signals, however, suggest insiders at JP Morgan are disposing of stock and the company's shares are reportedly falling even during market upticks.
Jpmorgan Stocks News Analytics from Tue, 12 Dec 2023 21:23:06 GMT to Sun, 16 Jun 2024 15:28:54 GMT - Rating 2 - Innovation 4 - Information 6 - Rumor -1
