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President-elect Donald Trump has threatened new tariffs on multiple countries as his second term approaches, after making tariffs a signature of his campaign. Now, Americans may have to actually brace for stagflation — something the nation’s economy hasn’t experienced in over half a century. Just over a month from now, Trump will have the power to levy tariffs on other nations at the flick of a pen. And once inaugurated on January 20, he has pledged to immediately impose a 25% tariff on Mexican and Canadian imports and increase tariffs on Chinese goods by an additional 10%. On the campaign trail, he also promised to levy a 10% to 20% tax on all imports and increase tariffs on Chinese goods by at least 60%.

Persons: Donald Trump, Justin Sullivan, Jamie Dimon, JPMorgan Chase —, —, ” Dimon, Jerome Powell, “, Trump Organizations: Port, JPMorgan, Wall Locations: Port of Oakland , California

☆ There will be more opportunities outside of the 'Big 10' in 2025, says JPMorgan's Dubravko Lakos
▼ + stars: | 2024-12-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be more opportunities outside of the 'Big 10' in 2025, says JPMorgan's Dubravko LakosDubravko Lakos, JPMorgan head of global markets strategy, joins 'Halftime Report' to discuss his 2025 outlook, 6,500 S&P 500 target and his investor playbook.

Persons: JPMorgan's, Lakos, playbook Organizations: JPMorgan

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Meta, Dell, Nike, SolarEdge, Planet Fitness & more
▼ + stars: | 2024-12-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Truist reiterates Meta Platforms as buy Truist says the Instagram owner is a top pick in 2025. " Morgan Stanley initiates Elastic NV as overweight Morgan Stanley says it sees "sustained growth." Morgan Stanley upgrades Shoals to overweight from equal weight Morgan Stanley upgraded the solar tech company after a series of management meetings. Morgan Stanley initiates Hims and Hers at overweight Morgan Stanley called the telehealth company a "compounding machine." Morgan Stanley upgrades Quest Diagnostics to overweight from equal weight The firm said in its upgrade of Quest that 2025 is the "year of the labs."

Persons: Goldman Sachs, Goldman, Piper Sandler, Piper, it's bullish, MARA, Stifel, Truist, Meta, monetization, Trump, it's, Morgan Stanley, Brandon Moss, Hims, Jefferies, Wells, JPMorgan, Wolfe, Rosenblatt, MongoDB Organizations: & Mara Holdings, MARA Holdings Inc, Inc, Mizuho, UBS, Manchester United, League, Premier League, Champions, Nike, BMO, Amazon, Jefferies, Walmart, Quest, WillScot Holdings Corporation, Timken Company, JPMorgan, Catalyst Watch, Dell, Arista, DELL, Nvidia, Albertsons, Kroger, Barclays Locations: Manchester, GenAI, gym's, OW

☆ The M&A 'animal spirits' would be a tailwind for the healthcare sector, says JPMorgan's Meera Pandit
▼ + stars: | 2024-12-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe M&A 'animal spirits' would be a tailwind for the healthcare sector, says JPMorgan's Meera PanditMeera Pandit, JPMorgan Asset Management global market strategist, joins 'Closing Bell' to discuss the road ahead for markets and which sectors will be the winners and losers in 2025.

Persons: JPMorgan's Meera Pandit Meera Pandit Organizations: JPMorgan Asset Management

☆ These growth stocks are attractively valued as 2025 approaches
▼ + stars: | 2024-12-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Stocks such as Oracle and Micron Technology are among several growth plays left in a market that recently soared to records. Using FactSet, we found several companies that are considered to offer " growth at a reasonable price " (GARP). These stocks have strong growth prospects and are trading at an attractive valuation relative to their peer group, offering an alternative lens through which to look for buying opportunities, beyond simple growth and value screens. Several semiconductor makers — including Micron Technology, Advanced Micro Devices and Broadcom — are forecast to see strong growth levels next year, according to the screen. In the context of shares trading at a relatively low multiple compared to historical averages, we see significant room for appreciation," Chatterjee wrote.

Persons: Wells Fargo, hyperscalers, Goldman Sachs, Samik Chatterjee, Chatterjee, Yum Organizations: Oracle, Micron Technology, Bank of America, Devices, Broadcom, AMD, Nvidia, FactSet, Micron, JPMorgan, Adobe, Taco Bell, Brands Locations: Wells

☆ Trump’s tariffs could usher in a worst-case economic scenario not seen since the 1970s
▼ + stars: | 2024-12-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

Now, Americans may have to actually brace for stagflation — something the nation’s economy hasn’t experienced in over half a century. Just over a month from now, Trump will have the power to levy tariffs on other nations at the flick of a pen. When the Fed responded to high levels of unemployment in the 1970s by cutting rates to relieve pressure businesses faced, it later had to contend with higher inflation. The path to stagflationThe tariffs Trump has floated aren’t inherently inflationary, Michael Feroli, chief US economist at JPMorgan, told CNN. But higher tariffs can quickly fuel cascades of price increases if Americans expect higher inflation because of them and demand higher wages, which, in turn, could result in businesses continuing to raise prices.

Persons: Jamie Dimon, JPMorgan Chase —, —, ” Dimon, Jerome Powell, “, Donald Trump, Trump, ” Powell, Marty Lederhandler, it’s, It’s, Michael Feroli, Feroli, Stagflation, Wells, ” Organizations: New, New York CNN, JPMorgan, Wall, Fed, Trump, CNN Locations: New York, stagflation, New York City, U.S

☆ How to trade this risky gaming stock mounting a turnaround with options
▼ + stars: | 2024-12-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Penn Entertainment (PENN) is a prominent U.S. regional gaming and sports betting company that owns or operates casinos, hotels, and racetracks. Boyd Gaming , another comparably sized US regional gaming company, is reportedly possibly interested in acquiring PENN. On Friday, JPMorgan upgraded the PENN on improving free cash flow. Admittedly, a 3% free cash flow yield and 17.2 times EV/EBIT multiple aren't extraordinarily cheap multiples. PENN YTD mountain Penn stock, YTD PENN has substantial balance sheet leverage, which contributes to elevated options premiums.

Persons: PENN, YTD PENN Organizations: Penn Entertainment, Boyd Gaming, JPMorgan, PENN, ESPN Bet, ESPN, ESPN BET, CNBC, NBC UNIVERSAL Locations: U.S, PENN, Penn

☆ Watch CNBC’s full interview with NewEdge’s Cameron Dawson, JPMorgan’s Elyse Ausenbaugh and Wells Fargo’s Sameer Samana
▼ + stars: | 2024-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with NewEdge’s Cameron Dawson, JPMorgan’s Elyse Ausenbaugh and Wells Fargo’s Sameer SamanaNewEdge’s Cameron Dawson, JPMorgan’s Elyse Ausenbaugh and Wells Fargo’s Sameer Samana, join 'Closing Bell' to discuss markets, the big winners in tech under Trump and their outlook on the sector.

Persons: NewEdge’s Cameron Dawson, JPMorgan’s Elyse, Wells, Sameer Samana NewEdge’s Cameron Dawson, Sameer Samana Organizations: Trump

☆ CNBC Daily Open: Predicting the markets is pretty pointless
▼ + stars: | 2024-12-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article .HSI.SPX.DJI.IXICAVGO Follow your favorite stocks CREATE FREE ACCOUNTA trader at the New York Stock Exchange in November 2024. Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And that's why even though market strategists anticipate the S&P to finish 2025 at 6,630, according to the average forecast from the CNBC Market Strategist Survey, investors should take it with a pinch of salt. But, in markets — as in life — the best laid plans of mice and men often go awry.

Persons: Brendan McDermid, it's, CNBC's Pia Singh, JPMorgan's, Dubravko, John Stoltzfus, Oppenheimer, Trump's, Goldman Sachs, Robert Kaplan, America's Savita Subramanian, —, Sarah Min, Pia Singh, Sean Conlon, Samantha Subin Organizations: New York Stock Exchange, Reuters, CNBC, CNBC Market, Survey, Dallas Fed, America's Locations: U.S

☆ JPMorgan upgrades this underperforming tech stock, sees 20% upside ahead
▼ + stars: | 2024-12-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

A couple of catalysts could propel shares of Keysight Technologies higher, according to JPMorgan. The firm upgraded the maker of electronics test equipment to overweight from neutral and hiked its price target to $200 from $170, which implies around 20% upside from Friday's close. Its average target of $179.43 reflects nearly 8% upside from here. Following the upgrade, shares of Keysight rose more than 2% in premarket trading on Monday. The stock has risen more than 4% in 2024 and more than 11% over the past month.

Persons: Samik Chatterjee, Chatterjee Organizations: Keysight Technologies, JPMorgan, Spirent Communications Locations: Keysight

☆ Stocks making the biggest moves premarket: Ford Motor, Honeywell, MicroStrategy and more
▼ + stars: | 2024-12-16 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded shares to underperform from hold . MicroStrategy — The bitcoin proxy stock rose 3.8% after Nasdaq announced its addition to the tech-heavy Nasdaq-100 index. Micron Technology — Shares rose nearly 4%. The semiconductor manufacturer is set to report quarterly earnings after the bell Wednesday. Broadcom — The semiconductor company climbed 3%, putting it on track to add to its sharp gains from the previous session.

Persons: Jefferies, Charles Liang's, Versace, Jimmy Choo, Lisa Kailai Han, Yun Li, Michelle Fox, Pia Singh Organizations: Honeywell, Bloomberg, ISI, Super Micro, Nasdaq, Bank of America, Technologies, JPMorgan, Micron Technology, Broadcom, Capri, Barclays

☆ Expect broadening of the market rally and rotation next year, says JPMorgan’s Elyse Ausenbaugh
▼ + stars: | 2024-12-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect broadening of the market rally and rotation next year, says JPMorgan’s Elyse AusenbaughNewEdge’s Cameron Dawson, JPMorgan’s Elyse Ausenbaugh and Wells Fargo’s Sameer Samana, join 'Closing Bell' to discuss markets, the big winners in tech under Trump and their outlook on the sector.

Persons: JPMorgan’s, Ausenbaugh NewEdge’s Cameron Dawson, JPMorgan’s Elyse, Wells, Sameer Samana Organizations: Trump

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Broadcom, Netflix, McDonald's Dell, Exxon Mobil, Meta and more
▼ + stars: | 2024-12-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Okta to overweight from neutral JPMorgan says the identity access management company is well positioned. " JPMorgan upgrades NetApp to overweight from equal weight JPMorgan said it sees IT budgets improving for the data infrastructure company. JPMorgan upgrades Teradyne to overweight from neutral JPMorgan said in its upgrade of the test equipment designer that Teradyne has upside. JPMorgan reiterates Apple as overweight JPMorgan said it is sticking with the stock heading into 2025. JPMorgan upgrades CBRE to overweight from neutral The firm said it sees improving growth for the commercial real estate company.

Persons: Jefferies, Ford, Wedbush, Tesla, Wolfe, Trimble, TRMB, Bernstein, Goldman Sachs, Morgan Stanley, FANG, Oppenheimer, JPMorgan, upsides, McDonald's, NVDA Blackwell, Gordon, Macy, Edwards Organizations: Trump White House, Nvidia, Broadcom, Grindr Inc, Exxon Mobil, Netflix, JPMorgan, UBS, Keysight Technologies, TAM, Dell, Seagate, Apple, DELL, Jefferies, Microsoft, Myers Squibb, Bank of America, " Bank of America, of America, IBM, CSG Locations: Bristol, 4Q24, CY25

☆ Stocks making the biggest moves midday: Nvidia, Broadcom, MicroStrategy, Super Micro Computer and more
▼ + stars: | 2024-12-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

MicroStrategy — The bitcoin proxy stock rose more than 6% after Nasdaq announced MicroStrategy will be added to the tech-heavy Nasdaq-100 index . Crypto stocks — Shares of crypto-linked stocks rallied, with Coinbase and Robinhood gaining 4.7% and 7%, respectively. Keysight Technologies — The electronics stock rose about 3% after an upgrade to overweight from neutral at JPMorgan. Micron Technology — Shares rose 7% ahead of the semiconductor manufacturer's quarterly earnings due later this week. Drone stocks — Shares of several drone makers rallied , with interest in the sector fueled by recent mysterious drone sightings over Northeast states and a new Palantir partnership announcement.

Persons: MicroStrategy, Michael Saylor, Jefferies, Keysight, Versace, Jimmy Choo, Charles Liang's, Elliott, Donald Trump Jr, — CNBC's Hakyung Kim, Jesse Pound, Sean Conlon, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Nvidia, Nasdaq, Mara Holdings, Ford, Broadcom, Technologies, JPMorgan, Capri, Barclays, Bloomberg, ISI, Honeywell, Elliott Management, Micron Technology, Berkshire Hills Bancorp, Street Journal, Berkshire Hills, Brookline Bancorp, Cat Holdings, Palantir Technologies, Cat, Machines, Defense, Security Solutions Locations: Brookline, Boston

☆ CNBC Daily Open: The perils of market predictions
▼ + stars: | 2024-12-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article AMZNMETA.STOXXAVGO.IXIC.DJI.SPX Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And that's why even though market strategists anticipate the S&P to finish 2025 at 6,630, according to the average forecast from the CNBC Market Strategist Survey, investors should take it with a pinch of salt. Still, despite my skepticism of predictions, I'd love it if Bank of America's Savita Subramanian proves to be a prescient market forecaster.

☆ Bank of America, Goldman to donate undecided amounts to Trump's inaugural committee
▼ + stars: | 2024-12-14 | by ( ) www.cnbc.com time to read: 1 min

A man walks by the Bank of America headquarters in New York on July 18, 2023. Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump's inaugural committees, but have yet to decide on the amount, spokespeople for each bank said Friday. BofA, along with JPMorgan Chase & Co, were the two largest bank contributors to Trump's 2017 inauguration. Bank of America contributed $1 million to both Trump's first inaugural fund and to President Joe Biden's in 2021. JPMorgan donated $500,000 for Trump's 2017 inaugural festivities.

Persons: Goldman Sachs, Donald Trump's, BofA, Trump's, Joe Biden's Organizations: Bank of America, U.S, JPMorgan Chase &, JPMorgan, Federal, Commission, Trump's Locations: New York

☆ JPMorgan upgrades this sports betting stock, says it can jump more than 30%
▼ + stars: | 2024-12-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The future is bright for Penn Entertainment , according to JPMorgan. The firm upgraded the online sports betting stock to overweight from neutral and raised its price target to $27 per share from $19. PENN YTD mountain Penn Entertainment stock. Penn Entertainment has slipped more than 23% in 2024. Of the 21 analysts who cover the stock, 12 rate it as a hold, according to LSEG.

Persons: sightline, Joseph Greff, PENN, Greff Organizations: Penn Entertainment, JPMorgan, ESPN Bet Locations: PENN, 2H25

☆ Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
▼ + stars: | 2024-12-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

CEO Hock Tan said Broadcom is developing custom artificial intelligence chips with three large cloud customers, also driving investor enthusiasm. Tesla has reported the most crashes under the program and the requirement has been disliked by CEO Elon Musk, Reuters reported. Upstart Holdings — Shares of the lending platform popped more than 14% after an upgrade to buy from hold at Needham. Salesforce , ServiceNow — Salesforce and ServiceNow shares slid 1.2% and 2.6% lower, respectively, after KeyBanc Capital Markets issued a 2025 stock-specific outlook for enterprise software in which it upgraded Salesforce to overweight and downgraded ServiceNow to sector weight. Penn Entertainment — Shares of the online sports betting company moved 3% higher following an upgrade at JPMorgan to overweight from neutral.

Persons: Hock Tan, Donald Trump's, Tesla, Elon Musk, TaskUs, Morgan Stanley's, Morgan Stanley, Ciena, —, Salesforce, ServiceNow, Alex Harring, Jesse Pound, Yun Li, Lisa Han, Sarah Min, Michelle Fox Organizations: Broadcom —, Broadcom, PayPal, Wolfe Research, Reuters, Walgreens, Alliance, Sky News, Sycamore Partners, Walgreens Boots Alliance, Wall Street Journal, UBS, Bank of America, KeyBanc, Mizuho, Penn Entertainment, JPMorgan, Penn Locations: Sycamore, Needham, ServiceNow

☆ Deregulation and government investment mean a healthier economy, JPM strategist
▼ + stars: | 2024-12-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeregulation and government investment mean a healthier economy, JPM strategistJohn Bilton, head of global multi-asset strategy at JPMorgan, says government policy should shift from hindering growth to enabling the economy.

Persons: John Bilton Organizations: Deregulation, JPMorgan

☆ Stocks making the biggest moves before the bell: Broadcom, RH, Tesla, Penn Entertainment and more
▼ + stars: | 2024-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

RH — The luxury furniture retailer's shares skyrocketed 13% in premarket trading after the company hiked its forward guidance. RH sees fourth-quarter revenue growth of 18% to 20% from a year earlier, citing "an acceleration of demand." Penn Entertainment — The online sports betting stock popped 5.8% after being upgraded at JPMorgan to overweight from neutral. The bank said it sees a path to aggregate growth ahead as Penn Entertainment's capital projects begin to bear fruit. Salesforce , ServiceNow — Salesforce shares gained 2%, while ServiceNow slid 1.1%.

Persons: Hock Tan, RH, Tesla, Donald Trump's, Elon Musk, Ciena, Morgan Stanley's, Wolfe, Salesforce, ServiceNow, — CNBC's Pia Singh, Michelle Fox, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound Organizations: Broadcom —, Broadcom, Reuters, Cruise, Barclays, Penn Entertainment, JPMorgan, Penn, Bank of America, UBS, PayPal, KeyBanc Locations: Needham

☆ JPMorgan economist discusses China's plans to boost domestic demand
▼ + stars: | 2024-12-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEncouraging that China is making domestic demand a top priority but scale may fall short: JPMorganGrace Ng, senior Greater China economist at JPMorgan, says the housing downturn and youth unemployment rate are major drags on China's domestic consumption recovery.

Persons: JPMorgan Grace Ng Organizations: JPMorgan Locations: China

☆ The Federal Reserve’s final meeting of 2024 will set the tone for markets heading into year-end — and beyond
▼ + stars: | 2024-12-13 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Next week's Federal Reserve policy meeting, the last one in 2024, will set the tone for markets heading into year end and shed light on what investors can expect in 2025. Wall Street is certain it knows what's coming at the conclusion of the Dec. 17-18 central bank meeting. Stubborn inflation The Fed's preferred inflation gauge will also be released next week, on Friday after the Fed meeting wraps up. Continuing Jobless Claims (12/07) 8:30 a.m. GDP Chain Price final (Q3) 8:30 a.m. GDP final (Q3) 8:30 a.m. Initial Claims (12/14) 8:30 a.m. Philadelphia Fed Index (December) 10 a.m.

Persons: Joe Tigay, Tigay, JPMorgan's David Kelly, it's, Mills Organizations: Fund, Dow Jones Industrial, Nasdaq, FactSet, PCE, Investors, Trump, Micron Technology, Nike, FedEx, Darden, Index, PMI, Retail, Manufacturing, Amentum Holdings, Housing, Philadelphia Fed, . Kansas City Fed Manufacturing, Conagra Brands, PCE Deflator Locations: NAHB, Lennar, . Kansas, Michigan

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Broadcom, DraftKings, Costco, Uber, Salesforce & more
▼ + stars: | 2024-12-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.

Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25

☆ Who got it right and wrong on Wall Street in their 2024 stock market outlook
▼ + stars: | 2024-12-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Original 2024 outlooks for the S & P 500 ranged from a low of just 4,200 at JPMorgan by Dubravko Lakos-Bujas, to a high of 5,200 from Oppenheimer's John Stoltzfus. The S & P 500 closed Thursday at 6,051.25, more than 800 points above the highest forecast at the start of the year. With less than a month left to trade, the S & P 500 is ahead 26.9%, and that does not even include dividends. Goldman's team actually raised its 2024 forecast to 5,100 before the new year even began , after stocks took off heading into the end of 2023. Bank of America's Savita Subramanian originally had a year-end target of 5,000 for the S & P 500, which closed 2023 at about 4,770.

Persons: Dubravko Lakos, John Stoltzfus, Donald Trump's, Oppenheimer, Goldman Sachs, Julian Emanuel, David Kostin, Wells, America's Savita Subramanian Organizations: JPMorgan, Federal, Fed, ISI, UBS, Wells, Wells Fargo Investment Institute, Bank, America's, Survey Locations: U.S, Wells Fargo

☆ More stocks that are adopting MicroStrategy's bitcoin yield strategy
▼ + stars: | 2024-12-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

More and more bitcoin miners are starting to undertake a strategy harnessed by MicroStrategy , according to JPMorgan. And the trend to buy up bitcoin is catching on with mining stocks, noted JPMorgan's Nikolaos Panigirtzoglou. This is due in part to the rise of spot bitcoin ETFs, which have replaced the use of mining stocks as proxies for the trade. "The strategy focuses on increasing bitcoin holdings per share over time by issuing equity or debt to either hoard their mined bitcoins or to actively purchase additional bitcoins," Panigirtzoglou explained. Along with MicroStrategy, some other significant miners with bitcoin holdings include Riot Platforms and Cleanspark .

Persons: cryptocurrencies, Donald Trump, Michael Saylor, JPMorgan's Nikolaos Panigirtzoglou, Mara, Panigirtzoglou, Cleanspark Organizations: JPMorgan, Mara Holdings, Miners Locations: MicroStrategy

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