The Latest Breaking News from JPMorgan

JPMorgan analyst Brian Ossenbeck downgraded US Xpress Enterprises Inc (NYSE:USX) to Underweight from Neutral without a price target. Ossenbeck mentions that the company's execution continues to trail peers while strategic initiatives add to the near-term headwinds in truckload and brokerage. The analyst says U.S. Xpress's recent setback of the transition to the Variant digital fleet will…

After a not-so-promising start to the year, Bitcoin (CRYPTO: BTC) prices have taken off since Friday.

JPMorgan analyst Sterling Auty upgraded GitLab Inc (NASDAQ:GTLB) to Overweight from Neutral with an unchanged price target of $99, suggesting an upside of 62%. The analyst calls the company a "Growth All-Star" with a current valuation of less than 18-times 2022 revenue. The results from Microsoft Corp (NASDAQ:MSFT) and ServiceNow Inc (NYSE:NOW) validate that the fundamentals in software continue…

Analysts had mixed views on Verizon Communications Inc (NYSE:VZ) post Q4 earnings. Deutsche Bank analyst Bryan Kraft raised the price target on Verizon to $59 from $57 (15% upside) and reiterated a Hold rating on the shares.  The analyst sees about 8% upside in the stock over the next 12 months, with the target increasing…

Although Plug Power Inc.’s (NASDAQ: PLUG) stock came under pressure following the Business Update call, the company seems to be “executing well across its business lines,” according to JPMorgan.

JPMorgan sued Tesla due to Musk's infamous "$420. Funding secured." tweet. Now, Tesla has filed a countersuit saying the investment bank acted in bad faith.

Tesla Inc (NASDAQ: TSLA) has countersued JPMorgan Chase & Co (NYSE: JPM) over a disputed bond contract, Reuters

SunPower Corp (NASDAQ:SPWR) sees fourth-quarter FY21 revenue within prior guidance of $361 million - $421 million against the consensus of $379.5 million. SunPower sees $27 million of supplier-quality-related charges in Q4 and $4 million in Q1 of 2022 as it pursues recovery of costs from the suppliers. The company intends to fund the…

Rocket Companies Inc (NYSE: RKT) shares are trading higher Wednesday and looking to climb back into what traders call a falling wedge pattern. JPMorgan upgraded the stock to Overweight and lowered the price target to $15. Rocket Companies was up 3.78% at $13.47 Wednesday at publication.