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2022-08-16

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US STOCKS-Wall Street Climbs, Adding to Recent Gains As Megacaps Rise

2022-08-16

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After-Hours Movers: BHP Group, Tencent Music, Compass, ZipRecruiter And More

2022-08-16

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Corp rose 0.5% and Tesla Inc jumped 3.1%.</p><p>Those stocks gave the S&amp;P 500 and Nasdaq their biggest boosts as U.S. Treasury yields eased. China&#39;s central bank cut key lending rates in a surprise move to revive demand after the economy unexpectedly slowed in July.</p><p>Consumer staples and utilities sectors also had strong gains.</p><p>The S&amp;P 500 has rebounded sharply since mid-June, helped last week by signs that inflation may have peaked in July. The benchmark remains down about 10% since Dec. 31.</p><p>&#34;Market participants (are) looking at the Fed and saying, &#39;Hey, they&#39;re going to be cutting rates here sooner than we know, and that&#39;s going to be good for the equity market,&#39;&#34; said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p><p>The Dow Jones Industrial Average rose 151.39 points, or 0.45%, to 33,912.44, the S&amp;P 500 gained 16.99 points, or 0.40%, to 4,297.14 and the Nasdaq Composite added 80.87 points, or 0.62%, to 13,128.05.</p><p>The Fed since March has delivered a stiff set of interest rate increases in an effort to battle inflation. Some investors have worried that an aggressive pace of rate hikes by the U.S. central bank could push the economy into recession.</p><p>Higher interest rates can depress stock multiples, especially of technology and other growth stocks.</p><p>The S&amp;P 500 value index underperformed the S&amp;P 500 growth index on the day. The S&amp;P 500 energy index was down 2%.</p><p>Quarterly reports from big retailers are expected this week and will round out the second-quarter reporting period. Results from Walmart Inc and Home Depot Inc are due before the bell on Tuesday. 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China&#39;s central bank cut key lending rates in a surprise move to revive demand after the economy unexpectedly slowed in July.</p><p>Consumer staples and utilities sectors also had strong gains.</p><p>The S&amp;P 500 has rebounded sharply since mid-June, helped last week by signs that inflation may have peaked in July. The benchmark remains down about 10% since Dec. 31.</p><p>&#34;Market participants (are) looking at the Fed and saying, &#39;Hey, they&#39;re going to be cutting rates here sooner than we know, and that&#39;s going to be good for the equity market,&#39;&#34; said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p><p>The Dow Jones Industrial Average rose 151.39 points, or 0.45%, to 33,912.44, the S&amp;P 500 gained 16.99 points, or 0.40%, to 4,297.14 and the Nasdaq Composite added 80.87 points, or 0.62%, to 13,128.05.</p><p>The Fed since March has delivered a stiff set of interest rate increases in an effort to battle inflation. Some investors have worried that an aggressive pace of rate hikes by the U.S. central bank could push the economy into recession.</p><p>Higher interest rates can depress stock multiples, especially of technology and other growth stocks.</p><p>The S&amp;P 500 value index underperformed the S&amp;P 500 growth index on the day. The S&amp;P 500 energy index was down 2%.</p><p>Quarterly reports from big retailers are expected this week and will round out the second-quarter reporting period. Results from Walmart Inc and Home Depot Inc are due before the bell on Tuesday. Walmart was up 0.3% while Home Depot was nearly flat.</p><p>Target Corp is also due to report quarterly results this week.</p><p>Estimated earnings growth on the second quarter for S&amp;P 500 companies has improved since July 1, and news from U.S. companies has mostly surprised investors, who had been bracing for a gloomier outlook on both businesses and the economy.</p><p>U.S.-listed shares of China&#39;s e-commerce giant Alibaba Group Holding Ltd slipped 0.6%.</p><p>Volume on U.S. exchanges was among the lowest so far this year. About 9.59 billion shares changed hands, compared with the 10.97 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 9 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 82 new highs and 27 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259122027","content_text":"(Reuters) - U.S. stocks rose on Monday with megacap growth shares, extending the market's recent rally amid investor optimism the Federal Reserve can achieve a soft landing for the economy.Shares of Apple Inc climbed 0.6%, while Microsoft Corp rose 0.5% and Tesla Inc jumped 3.1%.Those stocks gave the S&P 500 and Nasdaq their biggest boosts as U.S. Treasury yields eased. China's central bank cut key lending rates in a surprise move to revive demand after the economy unexpectedly slowed in July.Consumer staples and utilities sectors also had strong gains.The S&P 500 has rebounded sharply since mid-June, helped last week by signs that inflation may have peaked in July. The benchmark remains down about 10% since Dec. 31.\"Market participants (are) looking at the Fed and saying, 'Hey, they're going to be cutting rates here sooner than we know, and that's going to be good for the equity market,'\" said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.The Dow Jones Industrial Average rose 151.39 points, or 0.45%, to 33,912.44, the S&P 500 gained 16.99 points, or 0.40%, to 4,297.14 and the Nasdaq Composite added 80.87 points, or 0.62%, to 13,128.05.The Fed since March has delivered a stiff set of interest rate increases in an effort to battle inflation. Some investors have worried that an aggressive pace of rate hikes by the U.S. central bank could push the economy into recession.Higher interest rates can depress stock multiples, especially of technology and other growth stocks.The S&P 500 value index underperformed the S&P 500 growth index on the day. The S&P 500 energy index was down 2%.Quarterly reports from big retailers are expected this week and will round out the second-quarter reporting period. Results from Walmart Inc and Home Depot Inc are due before the bell on Tuesday. Walmart was up 0.3% while Home Depot was nearly flat.Target Corp is also due to report quarterly results this week.Estimated earnings growth on the second quarter for S&P 500 companies has improved since July 1, and news from U.S. companies has mostly surprised investors, who had been bracing for a gloomier outlook on both businesses and the economy.U.S.-listed shares of China's e-commerce giant Alibaba Group Holding Ltd slipped 0.6%.Volume on U.S. exchanges was among the lowest so far this year. About 9.59 billion shares changed hands, compared with the 10.97 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored advancers.The S&P 500 posted 9 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 82 new highs and 27 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993057474,"gmtCreate":1660609247200,"gmtModify":1676536363607,"author":{"id":"4120634881247492","authorId":"4120634881247492","name":"dylie","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120634881247492","authorIdStr":"4120634881247492"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993057474","repostId":"2259075810","repostType":4,"repost":{"id":"2259075810","kind":"highlight","pubTimestamp":1660606406,"share":"https://ttm.financial/m/news/2259075810?lang=&edition=fundamental","pubTime":"2022-08-16 07:33","market":"us","language":"en","title":"After-Hours Movers: BHP Group, Tencent Music, Compass, ZipRecruiter And More","url":"https://stock-news.laohu8.com/highlight/detail?id=2259075810","media":"StreetInsider","summary":"After-Hours Stock Movers:Ginkgo Biowork 23% HIGHER; reported Q2 EPS of ($0.41), $0.36 worse than the","content":"<html><head></head><body><p><b>After-Hours Stock Movers:</b></p><p><a href=\"https://laohu8.com/S/DNA\">Ginkgo Biowork</a> 23% HIGHER; reported Q2 EPS of ($0.41), $0.36 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $145 million versus the consensus estimate of $78.83 million. Ginkgo Bioworks sees FY2022 revenue of $425-440 million, versus the consensus of $393 million.</p><p><a href=\"https://laohu8.com/S/FN\">Fabrinet</a> 12% HIGHER; reported Q4 EPS of $1.68, $0.14 better than the analyst estimate of $1.54. Revenue for the quarter came in at $587.9 million versus the consensus estimate of $581.48 million. Fabrinet sees Q1 2023 EPS of $1.72-$1.79, versus the consensus of $1.56. Fabrinet sees Q1 2023 revenue of $620-640 million, versus the consensus of $596 million.</p><p><a href=\"https://laohu8.com/S/COMP\">Compass </a> 11% LOWER; reported Q2 EPS of ($0.24), $0.07 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.11 billion. Compass sees FY2022 revenue of $6.15-6.45 billion, versus the consensus of $7.6 billion.</p><p><a href=\"https://laohu8.com/S/ZIP\">ZipRecruiter </a> 5% LOWER; reported Q2 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $239.9 million versus the consensus estimate of $233.83 million. ZipRecruiter raises Q3 2022 revenue to $217-223 million, versus the consensus of $233.6 million. ZipRecruiter raises FY2022 revenue to $883-897 million, versus the consensus of $914.6 million.</p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music Entertainment </a>: China’s Tencent Music revenue rose 3.9% from the previous quarter, driven by a jump in paying users. Sales for the quarter were $1.03 billion as paying users rose to 82.7 million, up 24.9% from a year ago. Mobile monthly active users (MAUs) of online music totaled 593 million, short of analyst expectations of 604.8 million, while social entertainment services MAUs fell 21% year-over-year.</p><p><a href=\"https://laohu8.com/S/BHP\">BHP Group</a>, the world’s biggest miner posted its highest ever full-year profit commodity prices, though warned of headwinds from slower global growth, rising costs and geopolitical uncertainty.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Movers: BHP Group, Tencent Music, Compass, ZipRecruiter And More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter-Hours Movers: BHP Group, Tencent Music, Compass, ZipRecruiter And More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 07:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20469062><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After-Hours Stock Movers:Ginkgo Biowork 23% HIGHER; reported Q2 EPS of ($0.41), $0.36 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $145 million versus the consensus ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20469062\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNA":"Ginkgo Bioworks Holdings Inc.","FN":"Fabrinet"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20469062","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259075810","content_text":"After-Hours Stock Movers:Ginkgo Biowork 23% HIGHER; reported Q2 EPS of ($0.41), $0.36 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $145 million versus the consensus estimate of $78.83 million. Ginkgo Bioworks sees FY2022 revenue of $425-440 million, versus the consensus of $393 million.Fabrinet 12% HIGHER; reported Q4 EPS of $1.68, $0.14 better than the analyst estimate of $1.54. Revenue for the quarter came in at $587.9 million versus the consensus estimate of $581.48 million. Fabrinet sees Q1 2023 EPS of $1.72-$1.79, versus the consensus of $1.56. Fabrinet sees Q1 2023 revenue of $620-640 million, versus the consensus of $596 million.Compass  11% LOWER; reported Q2 EPS of ($0.24), $0.07 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.11 billion. Compass sees FY2022 revenue of $6.15-6.45 billion, versus the consensus of $7.6 billion.ZipRecruiter  5% LOWER; reported Q2 EPS of $0.11, $0.05 better than the analyst estimate of $0.06. Revenue for the quarter came in at $239.9 million versus the consensus estimate of $233.83 million. ZipRecruiter raises Q3 2022 revenue to $217-223 million, versus the consensus of $233.6 million. ZipRecruiter raises FY2022 revenue to $883-897 million, versus the consensus of $914.6 million.Tencent Music Entertainment : China’s Tencent Music revenue rose 3.9% from the previous quarter, driven by a jump in paying users. Sales for the quarter were $1.03 billion as paying users rose to 82.7 million, up 24.9% from a year ago. Mobile monthly active users (MAUs) of online music totaled 593 million, short of analyst expectations of 604.8 million, while social entertainment services MAUs fell 21% year-over-year.BHP Group, the world’s biggest miner posted its highest ever full-year profit commodity prices, though warned of headwinds from slower global growth, rising costs and geopolitical uncertainty.","news_type":1},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993057848,"gmtCreate":1660609236287,"gmtModify":1676536363600,"author":{"id":"4120634881247492","authorId":"4120634881247492","name":"dylie","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120634881247492","authorIdStr":"4120634881247492"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993057848","repostId":"2259261017","repostType":4,"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9993057848,"gmtCreate":1660609236287,"gmtModify":1676536363600,"author":{"id":"4120634881247492","authorId":"4120634881247492","name":"dylie","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120634881247492","authorIdStr":"4120634881247492"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993057848","repostId":"2259261017","repostType":4,"repost":{"id":"2259261017","kind":"highlight","pubTimestamp":1660621623,"share":"https://ttm.financial/m/news/2259261017?lang=&edition=fundamental","pubTime":"2022-08-16 11:47","market":"us","language":"en","title":"This Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan","url":"https://stock-news.laohu8.com/highlight/detail?id=2259261017","media":"StreetInsider","summary":"JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdo","content":"<html><head></head><body><p>JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.</p><p>The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded by over 50% in the past 2 months, Matejka notes in a memo sent to clients.</p><p>Discussing when the relief rally may peak, Matejka explained:</p><p>“The key is the direction of long yields, where the peaking at mid-year was one of the big catalysts for the rebound in Growth style. Having initially decelerated by 100bp, from 3.5% to 2.5% in the US and from 1.8% to 0.8% in Germany, bond yields are recently trying to firm up again, especially post the strong July payrolls. However, we think that the broad stalling could continue until activity momentum troughs, sometime in Q4. M1, a good lead indicator of economic activity, is pointing to still lower PMIs ahead.”</p><p>More importantly, the shape of the yield curve needs to “start re-steepening” before investors start returning to Value from Growth.</p><p>“The Fed needs to pivot, in our view, but this is unlikely before the September meeting, where they could announce another outsized move, of 50-75bp – JPM call is for 75bp,” Matejka added.</p><p>Finally, the strategist also added that the U.S. dollar will need to start weakening.</p><p>“We have in early July argued for a tactical rebound in Growth style, and in the Tech sector in particular. We believed this would lend support to the broad market levels. We continue to think the rebound in Growth style is only tactical, but it likely has some further to go, perhaps even until year end,” Matejka concluded.</p><p>Berenberg analysts Jonathan Stubbs and Edward Abbott also weighed in on the cyclical/defensive debate.</p><p>“Our analysis suggests risks with owning just cyclicals or defensives in a “VOLcano theory” world… It is too early, we think, to commit to cyclicals here,” analysts wrote in a client note.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Stock Rally Has More Legs, Could Extend Until Year End - JPMorgan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20461692><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20461692\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20461692","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259261017","content_text":"JPMorgan strategist Mislav Matejka doesn’t believe the ongoing rebound in the stock market is overdone.The Growth sector is up about 14% since June lows compared to Value. Some stocks have rebounded by over 50% in the past 2 months, Matejka notes in a memo sent to clients.Discussing when the relief rally may peak, Matejka explained:“The key is the direction of long yields, where the peaking at mid-year was one of the big catalysts for the rebound in Growth style. Having initially decelerated by 100bp, from 3.5% to 2.5% in the US and from 1.8% to 0.8% in Germany, bond yields are recently trying to firm up again, especially post the strong July payrolls. However, we think that the broad stalling could continue until activity momentum troughs, sometime in Q4. M1, a good lead indicator of economic activity, is pointing to still lower PMIs ahead.”More importantly, the shape of the yield curve needs to “start re-steepening” before investors start returning to Value from Growth.“The Fed needs to pivot, in our view, but this is unlikely before the September meeting, where they could announce another outsized move, of 50-75bp – JPM call is for 75bp,” Matejka added.Finally, the strategist also added that the U.S. dollar will need to start weakening.“We have in early July argued for a tactical rebound in Growth style, and in the Tech sector in particular. We believed this would lend support to the broad market levels. We continue to think the rebound in Growth style is only tactical, but it likely has some further to go, perhaps even until year end,” Matejka concluded.Berenberg analysts Jonathan Stubbs and Edward Abbott also weighed in on the cyclical/defensive debate.“Our analysis suggests risks with owning just cyclicals or defensives in a “VOLcano theory” world… It is too early, we think, to commit to cyclicals here,” analysts wrote in a client note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993040074,"gmtCreate":1660609258901,"gmtModify":1676536363616,"author":{"id":"4120634881247492","authorId":"4120634881247492","name":"dylie","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120634881247492","authorIdStr":"4120634881247492"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993040074","repostId":"2259122027","repostType":4,"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993057474,"gmtCreate":1660609247200,"gmtModify":1676536363607,"author":{"id":"4120634881247492","authorId":"4120634881247492","name":"dylie","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120634881247492","authorIdStr":"4120634881247492"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993057474","repostId":"2259075810","repostType":4,"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}