JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $149.00 short put and a strike $144.00 long put offers a potential 63.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock dropped below the $144.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.
The RSI indicator is at 71.19 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for JP Morgan
Coupang’s IPO Range Sets Value at About $50 Billion. It’s a Win for SoftBank.
Mon, 01 Mar 2021 21:19:00 +0000
The SoftBank Vision Fund's holding in the South Korean e-commerce company would would be worth $17 billion at the top end of the range.
Smart-TV Maker Vizio to Go Public
Mon, 01 Mar 2021 20:59:00 +0000
The company has been a winner from the pandemic as lockdowns forced people to remain at home, and stimulus checks gave many the ability to upgrade their TVs.
Knoll CEO: The workspace is ‘on the brink of transformative change’
Mon, 01 Mar 2021 20:06:39 +0000
Andrew Cogan, Knoll CEO, joins Yahoo Finance’s Alexis Christoforous to discuss the future of the post-pandemic workplace.
South Korea’s Coupang Seeks Up to $3.6 Billion in New York IPO
Mon, 01 Mar 2021 17:40:45 +0000
(Bloomberg) — South Korean e-commerce giant Coupang Inc. is seeking to raise as much as $3.6 billion from an initial public offering in New York, which will rank as one of the largest-ever Asian listings in the U.S.Seoul-based Coupang and some existing shareholders are offering 120 million shares at $27 to $30 each, according to a filing Monday. At the top end of the range, Coupang will be valued at as much as $51 billion based on the number of shares outstanding.Founded in 2010 by Chief Executive Officer Bom Kim, Coupang has grown faster than the e-commerce market amid fierce competition from retail conglomerates and startups. It has also aggressively expanded its delivery and logistics businesses.A successful IPO would be another windfall for billionaire Masayoshi Son’s SoftBank Group Corp. The Japanese conglomerate invested $1 billion in Coupang in 2015 and its Vision Fund put in another $2 billion in 2018, pushing its valuation to about $9 billion. The SoftBank Vision Fund will own about 37% of the company’s Class A shares after the offering, according to Monday’s filing.The listing would be the fourth-biggest on record by an Asian company on a U.S. exchange and the largest since Alibaba Group Holding Ltd.’s $25 billion IPO in 2014, data compiled by Bloomberg show. It also comes in what is expected to be a record year for Korean listings.Coupang is offering 100 million new Class A shares in the IPO, and 20 million shares are being offloaded by existing investors. Each Class A share is entitled to one vote, while the Class B shares held by Coupang’s founder are entitled to 29 votes. Kim will hold about 76.7% of the voting power at Coupang upon completion of the listing.Kim, a Harvard University dropout, has been considering an IPO for years, but had held off until now so he could focus on expanding the business. Coupang, known as “Korea’s Amazon,” has invested in new business models including food delivery and streaming services.BlackRock Inc. and Greenoaks Capital are also among Coupang’s investors. The company plans to list on the New York Stock Exchange under the symbol CPNG.Goldman Sachs Group Inc., Allen & Co., JPMorgan Chase & Co., Citigroup Inc., HSBC Holdings Plc, Deutsche Bank AG, UBS Group AG, Mizuho Financial Group Inc. and CLSA are working on the offering. Bank of America Corp., which was listed as one of the underwriters in a February registration document, didn’t appear in Monday’s filing.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
10 Best Mortgage Stocks To Buy Now
Mon, 01 Mar 2021 15:43:49 +0000
In this article we will take a look at the best mortgage stocks to buy now. You can skip our detailed analysis of the mortgage industry’s outlook for 2021 and some of the major growth catalysts for mortgage stocks and go directly to 5 Best Mortgage Stocks To Buy Now. The mortgage market in the […]
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