Category: Trading

JPM Advances Payment Changes with WePay

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Will J.P. Morgan’s WePay strategy work in its favor?

One of the biggest banks in America is innovating payment options to try to keep up with competitors.

Today, CNBC reports that J.P. Morgan Chase will offer free same-day deposits on its WePay platform for depositors.

J.P. Morgan acquired WePay in December 2017, paying $400 million, and wants to streamline its use to compete with payment operators like Stripe and Square.

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Microsoft Stock Continues to Soar

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Microsoft stock is up 28% from a year earlier thanks to strong revenue gains.

Shares of Microsoft have been on a roll this year. The stock is up 37% year to date and has consistently outperformed the S&P 500. And most Wall Street analysts believe Microsoft shares still have a lot more room to grow…

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Sluggish GE Stock Sees Rise for Two Consecutive Days

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Why is GE performing better this week?

Investors holding battered General Electric stock and others who want to see the company do well will be excited by this morning’s pre-market jump … GE’s price value moved to a new $9 point before the bell.

This 2% jump follows close inspection of GE’s insurance holdings and general accounting practices by financial experts. Wolf Research analyst Nigel Coe reportedly called findings “the apogee of the GE bear case” (hint: that’s a compliment).

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3 Reasons Why Amazon’s Shares Could Rise by 50% Over the Next Year

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One analyst believes the company’s revenue is set to soar thanks to one-day Prime shipping… 

Shares of Amazon are doing pretty well as is these days, but according to an RBC analyst, they could climb by as much as 50% in the coming year. That’s what analyst Mark Mahaney wrote to investors on Sunday evening.

Mahaney says that when Amazon launches its one-day Prime shipping across the U.S. and worldwide, it will “generate accelerating revenue and unit growth for some time.” 

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Visa Looks Robust Amid Market Volatility

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Is Visa’s stock back on track?

New reports are showing specific types of success for the Visa company, an established player in conventional finance that’s a household name to many depositors and credit or debit cardholders.

Although Visa does have an impressive past, its future may also be pretty notable if new indicators are any clue … A breaking report from “Investor’s Business Daily” says Visa may be developing a solid “flat base” of price activity within the last few weeks.

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Guggenheim Upgrades Lyft to ‘Buy’

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Lyft may reach profitability sooner than expected.

Lyft’s price increases may help the company become profitable sooner than many anticipated, according to Guggenheim.

As a result, the investment firm has upgraded Lyft to ‘buy’ with a price target of $60. After closing at $49 on Friday, Lyft stock jumped by about 4% on Monday. The price target is around 20% higher than Lyft’s current share price.

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KFC’s ‘Beyond Fried Chicken’ Test Nudges Beyond Meat Shares

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Can BYND go further on recent KFC news?

Purveyor of meatless foods Beyond Meat surged nearly 3% in pre-market trading this morning, building on a multi-day rally as the stock crested near $160 per share, representing an attempt to return to an all-time high of $234.90 on July 26.

Last Friday, BYND was trading around $147, but a spike Monday brought the stock up to around $153.

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Beyond Meat’s Low Valuation Garners JP Morgan Upgrade

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Shares of Beyond Meat have fallen 40% from their 52-week high.

This month, shares of Beyond Meat hit their first big slump since the company’s May IPO. The stock dropped from its 52-week high of $239.71 per share and fell as low as $144 per share. 

This was mostly due to the company’s second-quarter losses and a secondary stock offering that rattled investors. But on Tuesday, Beyond Meat’s shares were up more than 6% after the company was upgraded by JP Morgan Chase. 

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Home Depot Earnings: EPS Beat … But Total Sales Flub

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Will higher Home Depot earnings per share be a recurring trend or a lucky fluke?

A mixed financial report yesterday from retailer Home Depot had shares rising 4% in pre-market trading this morning.

On one hand, reported earnings of $3.17 per share beat analyst projections of $3.05 per share.

However, overall sales came in at $30.8 billion, less than analysts had expected at $31.02 billion. And same-store sales rose 3% instead of the projected 3.4%.

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Yelp Overdelivers on Second-Quarter Promises

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Investors are encouraged by the company’s strong earnings report.

In spite of being one of the best-known customer review sites, Yelp has struggled in recent years. Increasingly, consumers are looking to Facebook and Google for company reviews, and this caused the company’s advertising revenue to take a hit.

Then last week, the company delivered its second-quarter earnings report, and the results gave investors reason to be hopeful.

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