JP Morgan

JPMorgan said in a note Valero Energy Corporation (NYSE: VLO) has now become a "show me" story, but does that justify an upgrade? The firm says no, and downgraded shares of Valero Energy from Overweight to Neutral. However, this status did afford the stock an adjusted price target to the upside...

Airline stocks are weak Friday following JPMorgan's downbeat assessment of the sector. The firm thinks the current consensus estimates "appear increasingly unachievable" due to current fuel prices and the lack of any apparent vigor in shoring up domestic pricing weakness. As such, the...

Pre-open movers U.S. stock futures traded lower in early pre-market trade. Data on retail sales for August and the Empire State manufacturing index for September will be released at 8:30 a.m. ET. Data on industrial production for August will be released at 9:15 a.m. ET. Data on business inventories...

Taking the stage at CNBC’sDelivering Alpha conference, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon issued an epic diss to bitcoin, calling it a fraud. Following Dimon’s comments, JPMorgan analysts dove into the cryptocurrency, weighing in on the skyrocketing bitcoin’s...

Walt Disney Co (NYSE: DIS) is expected to take a hit from its considerable presence in Florida as Hurricane Irma closes in on the Sunshine State. JP Morgan has lowered its fourth-quarter estimates on the media giant due to lower domestic parks revenue expected from the impact of colossal storm....

In a key development, JP Morgan added Danaher Corporation (NYSE: DHR) to its Analyst Focus List. Before delving into what significance the action has for Danaher, a Focus List is a list of stocks recommended by an investment firm, generally consisting of stocks, which the firm believes are the...

Following two key de-risking event, namely the second-quarter strategic update and hiring of an industry veteran as the chief financial officer, JP Morgan upgraded shares of Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN). The firm sees the new CFO hiring as a positive readthrough, signaling low...

Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on motor vehicle sales for August will be released today. Data on nonfarm payrolls and unemployment rate for August will be released at 8:30 a.m. ET, while the Markit PMI manufacturing report for August is schedule for...

Pre-open movers U.S. stock futures traded lower in early pre-market trade, ahead of earnings from Wal-Mart Stores Inc (NYSE: WMT) and Alibaba Group Holding Ltd (NYSE: BABA). Gap Inc (NYSE: GPS), Applied Materials, Inc. (NASDAQ: AMAT) and Ross Stores, Inc. (NASDAQ: ROST) will release earnings...

Pre-open movers U.S. stock futures traded higher in early pre-market trade. Apple Inc. (NASDAQ: AAPL) is expected to release quarterly earnings after the closing bell. Data on motor vehicle sales for July will be released today. Data on personal income and consumer spending for June will be...

Pre-open movers U.S. stock futures traded higher in early pre-market trade, ahead of earnings from several companies. Data on initial jobless claims for the latest week, U.S. international trade in goods, durable goods orders for June and the Chicago Fed National Activity Index for June will be...

JPMorgan initiated coverage on Altaba Inc (NASDAQ: AABA), the reincarnation of Yahoo’s assets following the sale of the Yahoo's operating business to Verizon Communications Inc. (NYSE: VZ). The firm issued an Overweight rating accompanied by a price target of $65. The price target represents...

Pre-open movers U.S. stock futures traded mixed in early pre-market trade, ahead of earnings from Monsanto Company (NYSE: MON). A report on U.S. international trade in goods for May will be released at 8:30 a.m. ET, while the pending home sales index for May is schedule for release at 10:00 a.m. ET...

This weekend's Barron's cover story suggests that the rally in large-cap tech stocks will soon resume. Other featured articles ponder what comes next for grocery stocks and why a management change at the top could be a good thing for an iconic conglomerate. The prospects for big...