April 12, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

High Expectations

Please click here for a chart of JP Morgan stock (JPM).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of JPM stock is being used to illustrate the point.
• JP Morgan has kicked off earnings season.
• The chart shows that immediately after earnings release, JPM stock fell about 5%.
• The chart shows that the dip buyers immediately stepped in with aggressive buying.
• The chart shows the rising trendline after JPM reported earnings in January.