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Idea of the Day: JP Morgan results beat expectations on profits from property and trading
Shares in JP Morgan, the largest US bank by assets, rallied 2.5% on Thursday as the bank reported a 35%increase in first quarter net profit to $8.71 billion, beating analysts’ estimates.The rally comes at the end of a three-week upward streak leading up to the earnings release.
Trade idea of the day: Spotify
Shares of the music streaming website Spotify could face significant volatility later today as they make their first appearance on the New York Stock Exchange, as the company has chosen an unorthodox way of listing.
Idea of the Day: European stocks at risk ahead of the ECB
The ECB meeting this coming Thursday is focussing minds on what could come next for European stocks and the euro. We believe that whatever Draghi and co. at the ECB decide to do it may not be enough to save European stocks from a pullback for a few reasons...
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Idea of the Day German equities still poised to outperform in Europe
The German election may have had a muted impact on the markets even if failed to deliver Angela Merkel the share of the vote that she had wanted, and the rise of the AfD Far Right party spooked some European political commentators.
Idea of the Day: Lead indicators look bleak for the S&P 500
US bulls were tested on Monday after the S&P 500 threatened to break below the 100-day moving average at 2417, a key support level. Although the index managed to stay above this level, it didn’t bounce off this support signalling that the market may be getting fatigued with the slow grind higher in US blue chip indices.
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