JP Morgan Chase & Co Analysis JPM shares fell from their all time highs this week after comments from their CEO left investors uneasy. Jamie Dimon, who has served as the bank’s CEO for two decades, stated that he is ruling out share buybacks at this time because the stock is too expensive. Dimon has sold more than $180 million worth of JPM shares in 2024, $33M just weeks before his comments about the stock being expensive. Other executives at the company proceeded to sell thousands worth of shares following his selling. Jamie Dimon is respected on Wall Street and is viewed as an influential leader; he’s now made several comments in regard to troubles in the economy and the...
Target Corporation Pre-earnings Analysis Chart done on hourly timeframe. Recent earnings from Walmart may spell bad news for Target’s numbers this quarter due to Walmart’s report of high income shoppers starting to visit their stores. Middle class and high income shoppers have long preferred Target over Walmart, but as inflation continues to weigh in on Americans’ spending ability, those customers are starting to change their spending habits and places to purchase. This gives Walmart the upper hand in terms of sales, but it doesn’t fully count Target out as a company when looking at valuations. Target is currently trading at a price to earnings ratio of 18x, far cheaper than Walmart’s 27x. Granted Walmart does bring in six times the...
Walmart Pre-earnings Analysis Chart done on daily timeframe. Walmart shares reached a new all time high this year thanks to buyers buying up the stock leading to its split, but shares have flat lined over the last two months. The company’s earnings this week may be the catalyst that finally breaks them above or below their current range. Walmart has surpassed profit estimates on three of the last four quarters with the outlier being a flat result. Walmart’s massive infrastructure and revenue has allowed it to compete with big players like Amazon in the online space at a time in which consumers are budgeting from every angle. Inflation’s impact on the way consumers spend their money has benefitted Walmart thanks...
Starbucks Corporation Analysis Chart done on daily timeframe. Starbucks shares cratered last week after the company missed their quarterly earnings expectations, citing a drop in same store sales. Quarterly revenue declined about 1.84% along with net income by 15%, a big blow to the company’s bottom line; however if we zoom out and look at their performance over the last two years, we’ll find that Starbucks actually posted their best years to date in 2022 and 2023. Last year’s revenue reflected 12% YoY growth to $36B, but their numbers still didn’t impress investors enough to hold on to the stock. Starbucks topped out around May of last year and has been selling since, leading up to the 15% earnings drop...
BP Pre-earnings Analysis Chart done on daily timeframe. Investors are awaiting BP’s earnings later this week and nerves are high for the company’s first quarter earnings of the year. BP has disappointed its investors over the last three quarters, missing earnings expectations and declining in YoY revenue. The company longed reaped the benefits of oil demand after the Ukraine-Russia war erupted, but since then, gas prices and demand fell, hurting their revenue and bottomline. Earnings expectations are toned down this quarter so even if they come inline, it likely won’t be enough to move the needle in the short term. In a longer term outlook, BP is actually one of the cheapest names in the energy sectors compared to its...
