The Latest Breaking News from JPMorgan

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

China's leading cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC), weighed a dual listing of its shares on the Hong Kong Stock Exchange. Analyst Rating: JPMorgan analyst Alex Yao downgraded Kingsoft to Underweight from Neutral with a price target of $3.50, down from $8 (17.7% upside).  Yao found the China internet sector is unattractive on a 6-12…

Russia's unilateral aggression in Ukraine has drawn the ire of people from all quarters.

JPMorgan has initiated the coverage of Kymera Therapeutics Inc (NASDAQ:KYMR) with a Neutral rating and a $44 price target.  Analyst Eric Joseph says that the Company is "relatively insulated from downside pressure versus the benchmark from a healthy balance sheet."  At the end of 2021, Kymera held approximately $567.6 million in cash, cash equivalents, and investments.…

JPMorgan analyst Michael Rehaut maintained an Overweight rating on D R Horton Inc (NYSE:DHI) shares and reduced the price target from $132 to $100, implying a 22.6% upside. The analyst expects several headwinds to persist for homebuilding stocks over the near to medium term. Rehaut takes a less constructive and more selective approach to the…

JPMorgan analyst Doug Anmuth says Amazon.com Inc (NASDAQ:AMZN) remains his top overall idea in the internet space. The re-rating came after the Department of Commerce released Q4 U.S. e-commerce sales of $258 billion, shy of the firm's $270 billion estimates.  The e-commerce sales were due to a softer than expected holiday season, the continued resurgence…

Commonly used online wallet MetaMask is one of the largest players in the cryptocurrency and non-fungible token markets and is used by millions of people. A new report shows that MetaMask could be owned by a top U.S. and global banking company.

Morgan Stanley analyst Kimberly Greenberger noted Gap Inc's (NYSE:GPS) adjusted EPS loss per share of $(0.02) in Q4 beat expectations. But she finds it "difficult to avoid the conclusion that losing money in what should be one of the most profitable quarters every year suggests fundamentals and execution were gravely challenged." Greenberger thinks…

Dividends have been a major source of long-term stock market returns. From 1930 to 2017, dividends accounted for 42% of the S&P 500's total returns.