JPMorgan sees a rebound ahead

As Covid-19 cases decline in major Chinese cities and consumption in the country is expected to rebound in the weeks ahead, JPMorgan names four e-commerce stocks set to benefit as growth returns to a more normalized level. “We believe we will see a rebound in consumption in late 2Q22 or 3Q22, when the total ecommerce … Read more

Walmart, Home Depot, Citigroup and more

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot (HD) … Read more

JPMorgan upgrades its view on China’s Alibaba, Tencent and Meituan

This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via Getty Images JPMorgan has upgraded Chinese … Read more