Betting against the stock market because of a weak outlook for corporate earnings might not be the best strategy.
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Weight Watchers' stock tumbles after downgrade to rare underweight rating at J.P. MorganShares of WW , formerly known as Weight Watchers International Inc., tumbled 6.2% in premarket trade Tuesday, after J.P. Morgan analyst Christina Brathwaite turned bearish the weight management and wellness company for the first time, citing continued user declines. Braithwaite cut WW to a rare underweight rating, after cutting it to neutral from overweight on Jan. 11. Only 14% of the companies J.P. Morgan covers globally are rated underweight. Braithwaite also cut slashed her stock price target to $25 from $37. She said her downgrade comes as her research suggests daily active users (DAU) on that WW app keep contracting "in the most important period of the year." Since the downgrade in January, Braithwaite said DAU trends have worsened, app reviews have become increasingly negative and competitors Noom and Diet Doctor have continued to gain traffic share. The stock has plunged 71% since the June 20, 2018 record close of $103.09 through Friday, while the S&P 500 has gained 0.3% over the same time.
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Global investors are coming back to Chinese markets, says JP Morgan executiveInvestors are expecting Asian economies will see their fortunes improve in the next few months, boosting recent gains in regional markets including China, a J.P. Morgan Chase executive said on Tuesday.
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JP Morgan: Crypto's Biggest Detractor Has A Change Of HeartAn about face by JP Morgan, a hitherto ardent detractor of cryptocurrencies, with the launch of its own digital mint, the JPM Coin, shows that blockchain experimentation is going mainstream.
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JP Morgan says Asian shares will go up as risks come downMixo Das, Asia equity strategist at J.P. Morgan, says he prefers 'value stocks' in the first half of this year. He also favors shares in China, Singapore and the Philippines.
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Dow futures higher | Congress scrambles to avoid shutdown | JP Morgan rolls out cryptocurrencyFutures are pointing to more Wall Street gains for the Thursday session, possibly extending the Dow's gains for the past two days.
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JP Morgan: Crypto's Biggest Detractor Has A Change Of HeartAn about face by JP Morgan, a hitherto ardent detractor of cryptocurrencies, with the launch of its own digital mint, the JPM Coin, shows that blockchain experimentation is going mainstream.
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JP Morgan rolls out first US bank-backed cryptocurrency to transform payments businessEngineers at the lender have created the 'JPM Coin,' a digital token that will be used to instantly settle transactions in its wholesale payments business.
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JP Morgan is rolling out the first cryptocurrency by a US bank to transform payments businessEngineers at the lender have created the 'JPM Coin,' a digital token that will be used to instantly settle transactions in its wholesale payments business.
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The End Of Ripple?Ripple is in trouble. J.P. Morgan Chase, the biggest bank in the U.S. by assets, has announced it's making its own cryptocurrency to rival Ripple's XRP and that means Ripple's plan to use crypto to do what traditional banks' can't is looking precarious...
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International: Top News And AnalysisMarkets have lowered their bar for what trade talk developments they will cheer, a J.P. Morgan Asset Management global market strategist, Hannah Anderson, said Friday.
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