Bank of America warns: Fed is not close to start cutting rates
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
JPMorgan: Earnings trends are showing a rotation in certain areas
May 20, 2024 1:46 PM EDTIn an equity strategy memo released this week, analysts at investment bank JPMorgan communicated that they believe earnings trends are showing rotation in certain areas, two in particular.
The bank notes that the first quarter reporting season showed an age-old pattern of beats vs heavily lowered expectations.
"We looked for the beats in Q1 preview, given low hurdle rate and better activity momentum, but also for the stocks not to be rewarded," said the bank. "Interestingly, both beats and misses received a... More
