JP MORGAN KICKS OFF EARNINGS SEASON, INTEL AND AMD CHINA PROBLEM, POTENTIAL IRANIAN ATTACK
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.
April 12, 2024