It’s safe to say investors had a lot of options this past spring. According to J.P. Morgan strategist John Normand, excluding emerging market currencies and agricultural products, every market has recovered by at least 50% from COVID-19-induced lows.“When the business cycle is turning higher, policy hyper-stimulative and downside risks manageable, the obvious investment strategy might be to own anything but cash... This indiscriminate approach would not have damaged absolute returns over the past few months,” Normand commented.That said, the strategist thinks this “everything wins” strategy might not be as reliable in the second half of the year, recommending a more selective approach. This means focusing on stocks in the tech, communications and healthcare industries poised to emerge as COVID-19 “endgame winners.” Normand added, “Liquidity cannot paper over specific weaknesses indefinitely.”Bearing this in mind, we used TipRanks’ database to get the rest of the Street’s take on three names J.P. Morgan believes...
Bitcoin (BTC) and other cryptocurrencies have proved to be some of the most volatile assets over the years, keeping many veteran investors skeptical. Yet, believers who have been holding ("or hodling," as the cryptocurrency community refers to it) the decentralized virtual currency since early or even mid-stages have seen handsome gains.Bitcoin's Surge And Dip A majority of mainstream investors had their first enthusiastic encounter with Bitcoin during the massive bull run of late 2017 that saw the cryptocurrency's market price storm past $20,000.The subsequent market correction was just as enthusiastically dubbed the burst of the bubble. Does that mean that the people who invested ahead of the bull run, but didn't divest at the time suffered major losses?Five years from Monday, Bitcoin closed at $263.07 on June 29, 2015, meaning a $1,000 investment at the time would have gotten an investor 3.801 BTC.Two and a half years later, on December 17,...
An Austrian lawyer has filed a criminal complaint against Wirecard's former Chief Executive Markus Braun and Chief Operating Officer Jan Marsalek at a court in Vienna, accusing them of market manipulation and serious fraud. The Vienna prosecutors' office confirmed on Tuesday that it received the claim, which was first reported by Austrian newspaper Der Standard. The lawyer, Joerg Zarbl, told Reuters on Tuesday that Braun took out a 120 million euro ($135 million) loan to buy at least 2.5 million Wirecard shares via a holding company in May after a critical audit by KPMG sent its shares crashing in late April....
