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Trading Ideas

What Pullback? JPMorgan Says These 2 Stocks Could Surge Over 60%

Last week, the market saw its worst losses since the coronavirus panic in March. A variety of worries impacted the financial world, pushing the losses: the uncertainty of the upcoming election, the increasing coronavirus cases, and the unlikelihood of another economic stimulus any time soon. None of these are new, but they are all coming to a head. This week should start bringing answers, especially if the election is blowout for one side or the other.The good news for investors is that the recent correction could have created a solid buying opportunity, at least according to JPMorgan strategist Nikolaos Panigirtzoglou.“We …read more […]

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Jack Ma Summoned by China Financial Regulators on Eve of Ant IPO

(Bloomberg) — Four Chinese regulators including the central bank and banking watchdog invited billionaire Jack Ma and Ant Group Co.’s top executives to a supervisory interview on Monday, a rare meeting with multiple financial regulators that underscores rising government scrutiny of the company before its stock-market debut.Ant Chairman Eric Jing and Chief Executive Simon Hu were also at the meeting, which included the China Securities Regulatory Commission and State Administration of Foreign Exchange, according to a statement on Weibo. No further details were disclosed in the statement.“Ant Group will implement the meeting opinions in depth,” the company said in a …read more […]