Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It
In the ballroom of the swanky Loews Hotel in Miami Beach, Dimon got on stage in front of hundreds of clients in February to talk about the boom in unregulated lending to highly indebted companies. This fast-growing market has been sidelining big banks for years, and JPMorgan Chase's JPM -0.46%decrease; red down pointing triangle chief executive said it reminded him of the craze in subprime mortgages that sparked the 2008 financial crisis.
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Yahoo
4 hours ago
- Yahoo
Why Nike Stock Just Popped
Key Points JPMorgan analyst Matthew Boss just upgraded Nike stock to buy. Nike's capable of growing earnings 20% a year over the next five years, says this banker. That's nearly twice the rate of growth most analysts forecast for Nike. 10 stocks we like better than Nike › Nike (NYSE: NKE) ran up 3% through 10:05 a.m. ET Monday morning after JPMorgan analyst Matthew Boss upgraded the stock to overweight and raised his price target on the shoes and sportswear star to $93 a share. Why JPMorgan likes Nike Citing its own "fieldwork" on the stock, as well as conversations with management and SEC filings, Boss is raising his earnings forecasts for Nike in 2026 and 2027. He's predicting the company will grow earnings in the "high-teens to 20%" over the next five years, reports Management, says the analyst, is seeing "accelerating momentum within global wholesale orderbooks" and is aligning its inventory levels to support sales-growth trends. This should be completed by halfway through 2026. Boss also cited multiple trends that should result in stronger average selling prices in the running, global footwear, basketball, and training markets, leading to potentially a doubling of operating profit margins (to 10%) by 2028. Longer term, Boss sees a path to Nike regaining pre-pandemic profit margins of 12% and even 13%. Is Nike stock a buy? Nike's not a bad business. To the contrary, it's a steady performer, and most analysts predict Nike is capable of growing earnings at least 11% annually over the next five years. The problem is that, at its current valuation of 35 times earnings, 11% growth might not be enough to justify such a high valuation. JPMorgan's analyst holds out the hope, though, that Nike might grow nearly twice as fast as that -- 20%. Problem is, even 20% growth on a 35x-earnings stock works out to a price-to-earnings ratio of 1.75. That's still too high a price to pay for Nike. Even if this analyst is right about Nike's growth prospects, I think the stock is still a sell. Should you invest $1,000 in Nike right now? Before you buy stock in Nike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool has a disclosure policy. Why Nike Stock Just Popped was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 hours ago
- CNBC
Stock futures are little changed as investors analyze earnings, await Fed rate decision: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters S&P 500 futures are near flat Tuesday night, after the benchmark snapped a win streak that brought it to record highs, as investors analyzed earnings reports and awaited the Federal Reserve's interest rate decision. Futures tied to the broad index flickered near flat, as did Nasdaq 100 futures . Dow Jones Industrial Average futures lost 41 points, or 0.1%. Starbucks shares climbed more than 3% after the bell after the coffee chain posted stronger-than-expected revenue for the third fiscal quarter. On the other hand, Visa sank more than 2% despite quarterly results coming in better than what Wall Street expected. Tuesday night's action follows a losing day on the Street, marking the first session of the last seven where the S&P 500 did not close at an all-time high. The S&P 500 slid 0.3% in the session, while the Dow and Nasdaq Composite lost about 0.5% and 0.4%, respectively. Investors are awaiting the Federal Reserve's interest rate announcement Wednesday afternoon. Fed funds futures are pricing in a nearly 98% likelihood of the central bank keeping its key rate at a range of 4.25% to 4.5%, according to CME Group's FedWatch tool. "Despite increased political scrutiny, Fed Chair Jerome Powell continues to signal patience around any interest rate decision," said Jerry Tempelman, vice president of fixed income research at Mutual of America Capital Management. "Financial markets do not anticipate any change in monetary policy from the Federal Reserve until at least September." Following the decision, traders will turn to a press conference with Chair Jerome Powell for insights into the path of monetary policy. This comes as President Donald Trump and allies have tried to pressure Powell to bring the borrowing cost down. Before that, traders will monitor economic data on private payrolls, gross domestic product and pending home sales due in the morning. They'll also follow the continued stream of earnings reports. Etsy will provide its quarterly results before the bell on Wednesday, followed by Meta Platforms , Microsoft , Ford and Robinhood after the market closes. These are some of the stocks making notable moves in after-hour trading: Starbucks — The coffee chain's shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however. — The coffee chain's shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however. Visa — Shares fell 3%. Visa reaffirmed full-year 2025 guidance of low double-digit net revenue growth. Separately, the financial technology company beat expectations on the top and bottom lines in the fiscal third quarter. Visa posted adjusted earnings $2.98 per share on revenue of $10.17 billion, while analysts polled by LSEG forecast $2.85 per share and $9.84 billion in revenue. — Shares fell 3%. Visa reaffirmed full-year 2025 guidance of low double-digit net revenue growth. Separately, the financial technology company beat expectations on the top and bottom lines in the fiscal third quarter. Visa posted adjusted earnings $2.98 per share on revenue of $10.17 billion, while analysts polled by LSEG forecast $2.85 per share and $9.84 billion in revenue. Mondelez International — The manufacturer of Oreo cookies and Sour Patch Kids candy saw shares tumble nearly 3%. Mondelez reaffirmed its full-year guidance, calling for a 10% decline year over year in earnings per share on constant currency and organic revenue growth of about 5%. Separately, second-quarter results surpassed Wall Street estimates. Click here for the full story. — Alex Harring Stock futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET. — Alex Harring
San Francisco Chronicle
4 hours ago
- San Francisco Chronicle
Visa: Fiscal Q3 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal third-quarter net income of $5.27 billion. The San Francisco-based company said it had profit of $2.69 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.98 per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share. The global payments processor posted revenue of $10.17 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $9.87 billion. _____
