JPMorgan Chase & Co (JPM)
$150.56 2.35 (1.54%)
19:58 EST JPM Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 512.62B
PE Ratio 21.42
Volume (Avg. Vol.) 20.09M
Day's Range 148.62 - 154.38
52-Week Range 76.91 - 154.98
Dividend & Yield 3.60 (2.39%)
JPM Stock Predictions, Articles, and JPMorgan Chase & Co News
- From InvestorPlace
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By Joel Baglole
Congress is getting closer to passing the next round of Covid-19 relief and people could soon have new stimulus checks in hand. Investors looking to put that money to work in the stock market have a lot to consider. To help clarify matters, we offer the following four stocks to invest your stimulus check in.
Want undervalued stocks with strong fundamentals and healthy dividends? Try these low-beta stocks as market valuations look stretched.
If you are getting concerned about the speculative nature of the markets, it might be time to take a good look at blue-chip stocks.
The Oracle of Omaha speaks and investors listen. Warren Buffett has bet on Verizon and Chevron, while dumping his positions in JPMorgan and PNC.
Alphabet, JPMorgan, Aphria and Tilray were our top stock trades for Wednesday. Now, let's look at the charts to see what's going on.
These three recent earnings stocks are looking stronger than ever both off and on the price chart and ready for investors' portfolios
BB stock, JPM stock and MU stock should all be boosted by stock buybacks. All three names also have great businesses and little net debt.
Bank stocks are booming and now that the post-earnings profit-taking is through, clean entries await. Here are the best trades in the sector.
The crypto market is volatile, but for those seeking exposure and profits outside of the blockchain boom, consider these three diversified bull trades.
Steady dividends are a big benefit for many top stocks of 2021, and that's good news for investors. Get in on these dividend stocks now.
Soaring valuations for cryptocurrency assets have sparked much enthusiasm, but these bank stocks will not be receiving much love from speculators.
Bank stocks are on the move Friday as some of the biggest players in the market release their earnings reports for Q4 2020.
In the last round, 36% of recipients saved the money, If you're planning the same with the second payment, here are seven stocks to buy with your stimulus check.
For those looking for a steady ride in 2021, today's selection suggests seven blue-chip stocks for consideration in long-term portfolios.
Although JPM stock is off to a strong start in the new year, the myriad questions involving the present economic crisis makes shares too risky.
The Dow Jones has gained about 5.5% this year, but not everything was so positive. These were the worst stocks in the Dow for 2020.
(Bloomberg) -- A group of unsecured lenders to Hertz Global Holdings Inc. are proposing an alternative reorganization of the rental car company that would take it public, a move that counters a plan to sell the company to two investment funds for as much as $4.2 billion.The lenders want to convert their holdings in the bankrupt company into shares of the reorganized company, which could be traded publicly, the people said. If Hertz’s board were to accept that plan, it would supersede a bid from Knighthead Capital Management and Certares Management to buy the company.The group believes the Knighthead bid, which values Hertz at $4.85 billion, is too low, according to the people. Its members think Hertz has an enterprise value of $5 billion and would fetch more under their plan, one of the people said. The lenders have not submitted a formal proposal to Hertz and terms are still in flux, the people said.In one scenario being discussed, Hertz’s shares would become public upon emergence from bankruptcy, the people said.Members of the creditor group include Alliance Bernstein, Bank of America, Invesco, Fir Tree Partners, and JPMorgan Asset Management, according to court filings. Representatives for the lenders didn’t immediately respond to a request for comment.Competing PlansHertz’s board is in the early stages of evaluating proposals and will take the best bid, one of the people said. Discussions are preliminary and plans could fall apart in the coming days, the people said. Any plan would need approval in bankruptcy court.The New York Post earlier reported the discussions on the alternative proposal.The company started negotiating with creditors and potential buyers in November, according to court documents. After talking with three bidders, Hertz settled on Knighthead and Certares, who jointly have a travel-focused investment fund.After decades of mismanagement, Hertz filed for bankruptcy in May, unable to weather the blows from the pandemic that peers Enterprise Holdings Inc. and Avis Budget Group Inc. also experienced. One former top executive summed up the car rental company’s plight as a slow-moving train wreck.Knighthead and Certares’s position would include a direct investment, a rights offering participation and buying Hertz’s existing unsecured debt. The investors would own at least 51% of the common stock under the proposal, according to court documents. A hearing to approve the terms of the plan is scheduled for April 16.(Corrects to remove references to an initial public offering and clarifies in the third paragraph and second deck headline that no formal proposal has been submitted to Hertz.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- China kicks off its biggest political meeting of the year Friday, laying out plans that could propel the economy into the world’s biggest this decade.The annual gathering of the National People’s Congress carries an added significance this year with the Communist Party’s unveiling of its new five-year plan -- a blueprint to boost the domestic market and reduce technological dependence on the outside world. Approval of the policies are predetermined, but the NPC meeting is an important mechanism through which the ruling party communicates its plans to the world.China powered its way out of the pandemic last year after the virus was quickly brought under control, becoming the only major economy to expand in 2020. Now, with risks of asset bubbles growing, policy makers must engineer an exit from the monetary and fiscal stimulus that fueled that recovery -- and do so without destabilizing growth and spooking investors already wary of corporate defaults.A Guide to China’s Biggest Political Meeting of 2021: QuickTakeHere are some of the key issues to watch when Premier Li Keqiang outlines the ruling party’s plans Friday:Growth TargetThe government didn’t set a target for gross domestic product growth last year, and with the coronavirus pandemic still looming, it could refrain from doing so again. The Communist Party has emphasized the need for quality growth and dropping a numeric target for a second year would signal it considers that more important than the pace of expansion, said Haibin Zhu, chief China economist at JPMorgan Chase & Co.But it’s still an open debate. A researcher at an influential government think tank said last week a target was necessary to ensure quality growth. And three-quarters of provincial governments have already set annual GDP growth targets of 6%-8% for this year -- conservative in comparison with economists’ median estimates of an 8.4% expansion.Aside from this year’s growth, the new five-year plan will also lay out an average growth goal for 2021-2025, which Zhu estimates would be about 5.5% a year, compared with a target of more than 6.5% in the previous plan. “That is achievable because there is high growth in 2021 to start with,” partly due to base effects from last year’s pandemic-induced slump, he said.In the absence of a GDP target, local officials guide policy with reference to an urban job creation target, which is likely to be 11 million this year, according to forecasts from Goldman Sachs Group Inc.Stimulus WithdrawalThe government runs a budget deficit each year as part of what it calls “proactive” fiscal policy, disclosing an annual target for the gap between spending and revenue. This year, the target will return to pre-pandemic levels of 3% of GDP from more than 3.6% in 2020, according to Peiqian Liu, chief China economist at NatWest Markets in Singapore.“We expect the stimulus withdrawal to be mild and focus on reducing excessive debt growth,” she said.Read More: China Seen Cutting Local Government Bond Quota to Curb DebtMorgan Stanley economists estimate that the “augmented” deficit, which includes wider forms of off-balance-sheet borrowing by local governments, will fall to 12% of GDP in 2021 from 15% in 2020. That is still high relative to pre-pandemic levels closer to 10%. The quota for local government bond issuance, an important driver of infrastructure investment, will fall to 3 trillion yuan ($465 billion) this year from 3.75 trillion yuan, the economists wrote in a note.What Bloomberg Economics Says...The direction set for economic policy is likely to be toward normalization -- but gradually. Pockets of weaknesses and downside risks -- evident in the soft patch at the start of the year -- mean that fiscal and monetary support will likely be tapered, but not withdrawn.-- Chang Shu, chief Asia economistFor the full report, click here.Five-Year Plan and Tech FocusAlongside its work report for this year, the government will also release economic goals for 2021-2025. The five-year plan is a hangover from the planned-economy era, when specific targets for output of steel and other products were set. Since then the document has become mainly a list of general aspirations, but it sets the tone of policy and includes some numerical targets.At the center of the new plan will be Beijing’s push to develop new technologies and cut the nation’s reliance on geopolitical rivals such as the U.S. for components like microchips.Read More: Xi Mobilizes China for Tech Revolution to Cut Dependence on WestThat should mean allocating more resources to science and technology, with spending on research and development targeted at around 3.5% of GDP over the period, according to Cao Cong, an expert on Chinese science policy at the University of Nottingham in Ningbo.Economic self-reliance is likely to be a key theme of the five-year plan. China is turning to what it calls a “dual circulation” development model, in which the domestic economy serves as the main growth driver, supplemented by foreign investment in technology production.Births and RetirementThe five-year plan will also attempt to soften the impact of a rapidly declining birth rate and aging population on economic growth, with a possible further relaxation of limits on family size and a raising of the retirement age. The plan is also likely to include a target for moving rural residents into cities, and measures on equalizing social services between regions, in order to reduce inequality and promote consumer spending.“The government needs to come up with ways to lift fragile household confidence and get more money into the pockets of consumers,” said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings.Energy GoalsInvestors are watching out for more specifics on how the government will reach its goal of peaking greenhouse gas emissions by 2030 and achieving carbon-neutrality by 2060. It’s been widely flagged that renewables will take an ever larger slice of power generation at the expense of the dirtiest fossil fuel, coal. But policy changes are likely to reach far beyond just energy markets, from reining in output of highly polluting metals like steel to the rejuvenation of vast agricultural hinterlands.Running parallel to -- and perhaps occasionally competing with -- the massive effort to cleanse the atmosphere will be policies that speak to historical anxieties around ensuring the supply of food, energy and minerals. Given the country’s stature as the world’s biggest buyer of everything from crude to iron ore and corn, investors will be on the look-out in particular for any hints that strategic stockpiles will be expanded, or import dependencies curtailed.Financial ReformsThe five-year plan will likely include aims to further open up the financial system to foreign investors, and reduce the limits on Chinese investors moving cash overseas. Capital market reforms over the next several years may also help to direct financing to businesses: officials are considering making relaxed listing rules more widespread and also studying the feasibility of a same-day trading mechanism on Shanghai’s Star Market.At the same time, authorities are tightening their grip on technology giants like Ant Group Co. and Tencent Holdings Ltd.’s WeChat Pay to curb their growth in financial services. The central bank earlier this year proposed anti-monopoly rules in the online payment market.Hong KongAny announcements on Hong Kong could stoke tensions with the U.S., which sanctioned senior Chinese officials after the NPC imposed a national security law on the city last year. Chinese officials have been urging electoral changes to ensure “patriots” run the former British colony, further restricting its already-limited democracy. China will also release a target for defense spending as part of its budget. Military expenditures rose by 6.6% last year, the slowest pace since 1991.(Updates with additional detail on five-year plan.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Oil rallied toward $65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.The surprise decision spurred a wave of crude price forecast upgrades by major banks. West Texas Intermediate edged higher in Asia, building on Thursday’s 4.2% surge to the highest close since April 2019. The producer alliance agreed to hold output steady in April, while Saudi Arabia said that it will maintain its 1 million barrel-a-day voluntary production cut.See also: Saudis Bet ‘Drill, Baby, Drill’ Is Over in Push for Pricier OilCrude has soared this year, shepherded higher by OPEC+ restraining supplies and the vaccine-aided recovery in consumption that’s drained inventories. The group’s decision represents a victory for Riyadh, which has advocated for restraints to keep prices supported. However, the rally could spur drilling activity by U.S. shale explorers, and stoke global inflationary pressures.The Organization of Petroleum Exporting Countries and its allies including Russia had been debating whether to restore as much as 1.5 million barrels a day of output. As part of the agreement, which was struck at a virtual meeting on Thursday, Russia and Kazakhstan were granted exemptions. The group’s next meeting is set for April 1 to discuss production levels for May.“Crude’s spike was a knee-jerk reaction to a shocking OPEC+ decision,” said Vandana Hari, founder of Vanda Insights in Singapore. Saudi Arabia’s optimism over U.S. shale remaining subdued appears plausible for the time being, but “the kingdom might be pushing its luck if it pursues the hawkish path for too long,” she said.Oil’s rapid gains stand to intensify the global debate about the potential resurgence in inflation, and complicate the task facing the Federal Reserve as it seeks to sustain the U.S. recovery. The Treasury market is already on edge for signs of faster price gains, with benchmark yields rising rapidly.Goldman Sachs Group Inc. raised its Brent forecasts by $5 a barrel and now see the global crude benchmark at $80 in the third quarter. JPMorgan Chase & Co. increased its Brent projection by $2 to $3 a barrel and Australia & New Zealand Banking Group Ltd. boosted its three-month target to $70. Citigroup Inc. said crude prices could top $70 before the end of this month.Oil rising to these levels will likely increase strains within OPEC+ as some members will want to pump more to relieve under-pressure economies, Citi said in a note. Top importers such as China and India would also not be happy and the alliance is likely to change course at its next meeting, it said.The lack of fresh supply was reflected in oil’s futures curve. Brent’s prompt timespread widened to 59 cents in backwardation, a bullish structure where near-dated prices are higher than later-dated ones, from 54 cents Thursday.More evidence of the demand recovery continued to emerge, especially in Asia. Gasoline and diesel consumption in China has extended its run above pre-virus levels this year after the faster-than-expected return of factory activity and infrastructure building following the Lunar New Year holiday.In addition to the fallout from the OPEC+ shock, investors will also look to commentary on Friday from China’s National People’s Congress, the nation’s biggest political meeting of the year. The gathering carries added significance this year with the Communist Party’s unveiling of its new five-year plan.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Endo International Plc is trying to get more breathing room on its debt as it contests with ongoing opioid and patent litigation and an expected drop in earnings.The drug company said it will issue new debt to refinance its $3.3 billion loan coming due in 2024, leaving the same guarantees and collateral in place while pushing out the due date, according to a statement Thursday. The financing, if completed, is not expected to increase Endo’s total debt load.The company is in talks for a $2.295 billion first-lien term loan, according to people familiar with the matter. Preliminary terms are for 425 points over the London interbank offered rate, a 0.75% Libor floor and an original issue discount ranging from 99 cents to 99.5 cents on the dollar. A senior secured first-lien debt in the amount of $1 billion is also planned, according to the people. Lender call has been set for 4:00 p.m. Thursday.Endo is one of several pharmaceutical companies accused of downplaying opioids’ risks and over-selling their benefits, and finds itself tangled in expensive, ongoing litigation. With competitors like Purdue Pharma LP and Mallinckrodt Plc, manufacturers may pay a total of $20 billion in a settlement with states and other municipalities, according to Bloomberg Intelligence analyst Holly Froum.Endo, which has been trying to pull out of talks with other drug-makers and distributors seeking an industry-wide settlement, may pay less than $3 billion, Froum said. The company reached a prior agreement with New York related to the marketing of its Opana painkiller, which limits the state’s claims in an upcoming court trial, Froum said.Reworking DebtsDublin-based Endo has been cutting costs and reworking its balance sheet amid the lawsuits and a generic drug business that has pressured earnings. It faces further uncertainty around patent litigation tied to its low-blood-pressure drug Vasostrict, which has a trial set for July.The refinancing makes Endo’s debt maturities over the next four years more manageable with existing and future cash flow, Moody’s Investors Service said in a report Thursday. The transaction will also extend a portion of its revolver expiration to March 2026, the rater said.Endo ended 2020 with $1.2 billion of unrestricted cash and is anticipating a decline in revenue and earnings this year driven by its generics unit. It’s now focused on growing Ebitda, or earnings before interest, tax, depreciation and amortization, Chief Financial Officer Mark Bradley said at a conference hosted by JPMorgan Chase & Co. this week.“We hope that by doing that, we also delever,” Bradley said. “Then we would look at buying back debt to the extent it makes sense.”Endo launched a $2.85 billion debt exchange in May to give itself more time to focus on a turnaround, pushing out its balance sheet by around five years. Its first-lien bonds due 2027 trade near 108 cents on the dollar, while the unsecured notes due 2028 are hovering around 86 cents, according to Trace.JPMorgan Chase & Co. is managing the sale for which commitments are due March 11, the people said.(Updates with details of new loan in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.