JPMorgan analyst Matthew Boss raised the firm’s price target on Ross Stores (ROST) to $215 from $200 and keeps an Overweight rating on the shares. The firm also added Ross to its Analyst Focus List. Recent fieldwork suggests potential upside to the company’s Q4 same-store-sales, the analyst tells investors in a research note. JPMorgan upped … Read more
LONDON: Hedge funds returned 1.3% in September, with managers in Europe, Asia and the Middle East outperforming their North American rivals, according to a JPMorgan client note on Thursday, seen by Reuters on Friday. Global equities in September climbed 3.4%. An index of developed market sovereign bonds rose around 0.7% last month. The JPMorgan note, … Read more
In an exclusive chat with ETMarkets, Marzban Irani, CIO–Fixed Income at LIC Mutual Fund Asset Management Ltd, shares his outlook on debt markets, interest rate trajectory, and investment strategies. He cautions investors against expecting the kind of double-digit returns seen in recent years and advises them to stay invested with realistic expectations. According to him, … Read more
Rajiv Batra, Head of Asia & Co-Head of Global Emerging Markets Equity Strategy, Chief India & ASEAN Equity Strategist, JPMorgan, addresses global investors’ concerns about India’s growth and policy. Investors are closely watching for double-digit growth in earnings and nominal GDP. He suggests profit-taking in pharma due to US generic concerns and underwhelming earnings. Batra … Read more
“The recent bill has already reduced taxes, and more deregulation is expected from the government. On top of that, the Federal Reserve now seems more open to rate cuts, which further strengthens the economic foundation. So overall, it’s a very positive environment for both the economy and the markets,” says Anurag Singh, Managing Partner, Ansid … Read more
There was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services (MOFSL) said. Those concerns have eased-off, … Read more
Rajiv Batra, Head of Asia Pacific ex JP/CN, Equity Strategy and Head of India & Southeast Asia Equity Strategy, JPMorgan, says the second quarter of this fiscal year will not give great joy because the extreme heatwaves season will be replaced by torrential rainfalls which could be impacting some amount of demand. But that does … Read more
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia‘s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more