JPMorgan strategists emphasize that recent stock market pains are not due to recession fears, suggesting the worst of the sell-off might be over. Despite the price target cut on
Tesla shares and predictions of dropping deliveries, the bank is generally optimistic about several assets. They recommend a certain drug stock, express confidence in a Bitcoin miner, expect 20% CY25 growth for
AMD stock, and even predict over 20% returns for Argentine and Turkish stocks. In a seemingly bearish move, they reduced Tesla's price target, predicting a 50% plunge in its value.
Bahl & Gaynor,
State of Michigan Retirement System,
Meridian Wealth Management, and
Asahi Life Asset Management CO. LTD sold significant shares, whereas
Silphium Asset Management,
Mitchell Capital Management, and
Bailard added to their shareholdings. Interestingly,
Jamie Dimon cashed out a substantial amount of JPMorgan stock weeks before the market crash, leading to speculation. Finally, JPMorgan voiced concerns about a potential U.S. recession, increasing its prognostic odds to 40%.
Jpmorgan Stocks News Analytics from Fri, 06 Dec 2024 08:00:00 GMT to Sat, 15 Mar 2025 17:44:16 GMT -
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- Information 7
- Rumor -4
