Centrica downgraded to Neutral from Overweight at JPMorgan
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Hypebeast
28 minutes ago
- Hypebeast
Here's Our 7 Picks From JD's Annual Summer Sale
JD's annual summer sale is back, and the British retailer is offering big savings on a selection of apparel and footwear. Stocking a range of pieces for all occasions, it's now dropping prices by up to 50% off retail on over 1,000 footwear styles across its site. From New Balance to Nike, expect to find an array of brands, silhouettes, and colorways at a discount price to add to your summer rotation. We've rounded up our seven picks from the JD summer sale to provide a snapshot of what to expect. Having seen the relaunch of its archival low-profile silhouettes dominating sneaker trends over the past year, thePUMASpeedcathas become one of the brand's best-selling models. This iteration sees the premium cow leather upper get a 'Haute Coffee' and 'Frosted Ivory' makeover while the race-shoe-inspired outsole's IMEVA cushioning offers a lightweight feel. Coming in at £50 GBP (approx. $69 USD), it now arrives at over 40% below retail. The newest addition to the iconic Air Max innovation series,Nikedebuted theAir Max Dnlast year to sneaker acclaim. Boasting a new-and-improved dynamic air unit system as well as dual-pressure tubes to shift the air underfoot, the design is crafted with comfort in mind. Arriving in 'Pure Platinum' and 'White' with tonal Swoosh and 'University Red' Air Max branding — this colorway is the perfect addition to your summer rotation. With 35% off, these sneakers come in at £100 GBP (approx. $138 USD). Revered for its range of outdoor, functional sneaker models, theMerrellSpeed Arc Matisis the latest iteration of its trail series. As well as a mesh upper for added breathability, an innovative dual layered FloatPro Foam midsole offers enhanced cushioning that sits on top of a Vibram MegaGrip sole to tackle any terrain. Arriving in a neutral 'Green,' 'Black' and 'Brown' colorway, it's available on JD at 50% off for £80 GBP (approx. $100 USD). A prime contender to the penny loafer,Timberland's classic 3-Eye Boat Shoes have long been a summer go-to for those looking for a change from everyday sneakers. With a versatile utilitarian look, color-block leather panels and durable leather stitching, the brand's signature lugged tread offers both comfort and style. Down over half of retail to £80 GBP (approx. $100 USD), you've got to be quick to grab yourself a pair at this price. You can never have too many white kicks in your rotation, and theseASICSGEL-KINETIC FLUENTare no different. Known for its versatility and comfort through its signature GEL midsole, this silhouette arrives in a 'White' and 'Silver' colorway and cut from light and breathable mesh with durable synthetic overlays. Priced at 30% under retail, this sneaker is now £120 GBP (approx. $165 USD). While running sneakers defineHOKA's legacy, it's the innovative tech behind its designs that are built for all-day comfort. Here, the Speedgoat 6 silhouette gets aGORE-TEXwaterproof membrane makeover for long-lasting wear as well as a hardwearingVibramMegagrip with Traction Lug outsole for extra grip on the trails and an extended protective toe rand. Coming in a stealthy, camo-like 'Black' and 'Outer Orbit' colorway, the sneaker features tonal branding on the lateral sides. At £110 GBP (approx. $150 USD), this drop is 30% off retail on JD this summer. Over the years, JD has hosted a selection of collabs under its name, and with this retailer-exclusiveNew Balance1906R, it sees the silhouette revamped in a gradient colorway that boasts a layered upper and a TPU heel cage above its signature N-ergy midsole and ABZORB SBS heel cushion. Providing everything the brand has to offer in the footwear realm — comfort, versatility and bold aesthetics — JD is now offering this silhouette for 30% off at £100 GBP (approx. $138 USD). JD's summer sale is running until July, whilst stock lasts. Be sure to check out the full range of deals on itswebsitenow.
Yahoo
an hour ago
- Yahoo
Banking sector: This portfolio manager's top 3 picks
The 22 biggest banks passed the Federal Reserve's latest stress test on Friday. Brian Mulberry, Zacks Investment Management client portfolio manager joins Asking for a Trend with Josh Lipton to discuss the financial sector, how investors should be positioning, and his top three banking portfolio picks. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Let's get to some picks, Brian, in the sector where you say, "Listen, there's still opportunity here. This is a buy." JPMorgan, walk me through it. Just the the scale of operations. This is the biggest bank on the planet. They have a great revenue generating machine that has multiple product lines with different customers. They had a surprise to the upside last quarter on the investment banking and trading fees side with a a lower rate projected by the end of the year, maybe not as soon as next month, but in next quarter, for sure. We could see the net interest income picture improve for this bank, and they already have a pretty strong growth and expansion plan in place. We like JPMorgan a lot. How about Citi? Citi has done a great job reorganizing. They are in a completely different picture than where they were just a couple of years ago. They are one of the the biggest, I I think, beneficiaries of passing this stress test, but also reorganizing such that they're more productive with the capital that they have. Another winner in the net interest income category. They are in a great spot to raise their dividend and return capital to shareholders. Final another one, third one on your list here, I want to get your thoughts on PNC. Which has had, I'm just looking, it's had a pretty good run over the past 12 months. I want to just get this right, Brian. Uh, it's about 20%. What moves it higher? Yeah, absolutely. I think there's an opportunity here for some of these bigger regional banks to step in and be a little bit more competitive and serve some of the segments of growth in this economy that are looking for capital but haven't been able to break into some of the big banks and get approvals on some of these loans. So there's an opportunity here for PNC in particular, especially with investments that are going to be made in their backyard in Pittsburgh with the US Steel merger with Nippon. There's an opportunity here to capture some capital as in motion and an opportunity to compete with some of the bigger banks. Yes, they've been rewarded in terms of the share price, but I think it's well-earned growth at this point. They've been a really good steward of their capital in the balance sheet, reducing risk for driving out returns for shareholders. This is a good name for us. Brian, appreciate your time, those picks. Thank you, sir. 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
Yahoo
2 hours ago
- Yahoo
The wrong kind of Fed rate cuts are coming, says JPMorgan. What that means for stocks, bonds and the dollar.
The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say the reasons behind the reductions are not likely to be supportive for stocks. Strategists led by Mislav Matejka say an extra 18 basis points of Fed easing was built into markets over just the last few weeks. But they say there are three types of cuts: My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? I'm a stay-at-home mom. Do I take a part-time job to spend more time with my kids — or get a job for six figures? Companies are issuing the least amount of 30-year bonds in 14 years. What that tells investors. Trading in risky penny stocks is booming. Why it could be a sign of trouble ahead for the market. My job is offering me a payout. Should I take a $61,000 lump sum or $355 a month for life? The strategists are expecting some combination of the first and third scenarios — where activity is slowing down but inflation picks up. 'If this outlook gains traction, we think that investors will be disappointed,' the strategists say. They note that since 1980, there have been six instances when the Fed restarted the easing cycle after a pause. Typically, the dollar DXY weakened into the cuts, and kept falling afterwards. Bond yields BX:TMUBMUSD10Y also moved lower. The JPMorgan strategists say they expect the U.S. dollar to make new lows in most scenarios and for U.S. bond yields to move lower. Historically, emerging-markets stocks EEM perform well when the Fed eases, and JPMorgan is reiterating its overweight on the region after caution for several years. By contrast, they expect European equities to stall for a while longer. Looking at both U.S. and European stock-market performance, staples , healthcare, utilities and technology tend to perform better while industrials and financials lagged in scenarios where the Fed cuts after a long pause. The S&P 500 SPX finished at a new record high on Friday, but its 5% advance this year is underperforming Europe. One leading ETF, the Vanguard FTSE Europe VGK, has gained 21% this year. My brother stole $100K from my mom to buy bitcoin. Do I convince her to sue him? Why out-of-favor Apple holds the key to tech stocks in the coming weeks We're living in 'end times' when you can't retire on $1 million How June's bond rally might give way to a round of volatility in Treasury bills My mother, 89, keeps getting her credit card scammed. I buy her a new one and it happens again. What's going on?
