Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today.Here's what CNBC TV's producers were watching as the Nasdaq Composite and S&P 500 extended their postelection rally, and what's on the radar for the next session., by the way, got a downgrade from Baird. Analyst David George thinks the stock will drop to $200, a roughly 15% decline from Thursday's close. Year to date, JPM is up about 39%.
"We find that expectations are quite high, with the stock trading at ~2.6x , 15% cap to assets, over 14x 2026 estimates, and ~10x — all close or at all-time highs," Baird's George wrote in his research report on JPM."We know we are fighting the tape here, but believe it makes sense to sell the stock.
Gundlach cited concerns with the jobs market and the deficit. But said,"We believe that if we keep the price of oil around the low $70s — which there has been a lot of resistance down around $70 — we think we're going to see a headline CPI where Jay Powell can declare a victory."Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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