Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Cramer - Mad Money commented about whether AEO-N, BHVN-N, T-N, GS-N, C-N, WFC-N, MS-N, BAC-N, JPM-N, FUBO-N, HON-N, INTC-Q, CMG-N, TSLA-Q, VZ-N, ABT-N, LRCX-Q, ASML-Q, ULTA-Q, NFLX-Q, LUV-N, PG-N, JNJ-N, ACI-N are stocks to buy or sell.
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BUY
They reported a good quarter Wednesday with Q3 earnings up. But the stock has been so hot, up 31% YTD and expectations so high that Wall Street yawned and sol by 4%. It's rebounded since then. They had negative loan growth in their consumer business which they believe will improve as we return to normal. The CEO, though, said he'd spend whatever it takes to fend off fintech companies which hurt JPM shares.
Financial Services
BUY
They reported yesterday, a beautiful quarter. Revenue was much higher than expected, 12% YOY, while overall expenses were roughly flat, meaning 58% earnings growth. Their deposit base rose 15% YOY, driven by their online banking platform. BAC is the most levered of US banks to interest rates which are expected to climb. He targets $50.
banks
BUY
He loves how it's transforming more into a wealth management business. They reported a top and bottom line beat yesterday. The stock has room to run, despite its recent run-up. They've made a big move into asset management, though still an investment bank. Expenses were far lower than expected. Shares rallied despite a downgrade. It trades at less than 14x 2022 earnings, which he predicts will be 20x earnings one day. A lot of room to run.
investment companies
funds
