As we embark on a new trading month, JPMorgan has updated its Analyst Focus list with some potential outperformers in the market. In the wake of a shaky start to the month, with significant drops in major indices, investors are seeking guidance on where to put their money next. JPMorgan’s focus list includes stocks that
Selling
Warren Buffett made headlines recently when Berkshire Hathaway revealed that it had sold nearly half of its Apple stake in the last quarter. Despite this significant move, Apple still remains the conglomerate’s largest holding, with a staggering market value of $84.2 billion as of June. This indicates Buffett’s confidence in the tech giant, even as
Moderna recently reported its second-quarter revenue, which surpassed expectations, but the biotech company decided to slash its full-year sales guidance. The decreased guidance was attributed to lower anticipated sales in Europe, a competitive market for respiratory vaccines in the U.S., and the potential for deferred international revenue until 2025. Despite this, Moderna is now projecting
July has seen the euro performing relatively well against the U.S. dollar, with EUR/USD trading at 1.0818, down 0.4% on the day but up approximately 1% over the past month. Despite these recent gains, BCA Research is painting a bleak picture for the eurozone’s future and recommends that investors sell the single currency. BCA Research
Cryptonica, a leading player in the cryptocurrency industry, recently celebrated a significant achievement by installing its 6,000th Crypto ATM. This milestone marks a crucial step towards improving the accessibility of digital currencies on a global scale. With new ATMs unveiled in Kansas City, Missouri, and Berlin, Germany, Cryptonica is expanding its reach and bringing the
Warren Buffett, also known as the Oracle of Omaha, has recently made a surprising move by downsizing one of his longest-held and largest positions – Bank of America. Berkshire Hathaway unexpectedly unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree. This marked the first time since late 2019 that
The recent trends in the Nasdaq-100 index have indicated significant profit taking from many investors who have chosen to reduce their exposure to what is known as the “Magnificent Seven.” This includes tech giants such as Nvidia, Meta Platforms, and Alphabet, among others. As we continue to digest the earnings reports of these companies, there
The cryptocurrency market experienced significant growth in premarket trading, with Bitcoin leading the way. Bitcoin, the world’s largest digital asset, surged over 4.7% in the past 24 hours, reaching a price of $67,346.0 as of 09:49 GMT. This upward trend helped Bitcoin recover some of its recent losses, with investors closely watching the market as
Bitcoin price experienced a significant rise on Friday, bouncing back from losses earlier in the week. The world’s largest cryptocurrency surged by 4.2% in the past 24 hours, reaching $67,006.2 by 02:07 ET (06:07 GMT). This recovery came after Bitcoin had dropped to lows of around $63,000 due to a wave of selling pressure in
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock