As the stock market opens today, Amazon will officially become a member of the Dow Jones Industrial Average.
#newmembers #finance
JPMorgan CEO Jamie Dimon sells $150M of stock in nation’s largest bank for the first time
JPMorgan Chase chief Jamie Dimon cashed in about $150 million of his stock in the bank — the first time the head of the largest US lender has sold shares since taking charge in 2005. Dimon, one of the longest-serving chief executives on Wall Street, unloaded 821,778 shares of JPMorgan, according to an SEC filing Thursday. The selloff is part of a larger plan the bank revealed in an SEC filing in October to sell 1 million of the 8.6 million shares . Dimon and his family own. source : nypost
Chinese Authorities froze a quant hedge fund's account for 3 days after it dumped more than $360 million worth of stocks within the first minute of trading.
Source: Barchart
“Maybe” The World’s Most Powerful Banker Knows Something That We Don’t?
Jamie Dimon bought 1.235 million shares in the open market from 2009 to 2016 at the exact times when markets bottomed. Last week, he sold 821,778 shares of JP Morgan stock worth $150 million for the first time ever. Impeccable timing? Time will tell... Chart: Bespoke through Sagar Singh Setia
Despite the surge in market-cap indices, small-cap stocks remain deeply entrenched in a bear market, now down 27% from their recent peak.
Source: Bloomberg, Tavi Costa
Japanese stocks soared to a new all-time high for the first time in almost 35 years but based on global valuation metrics, they could still have room to run...
Source: Bloomberg, Barchart
Nvidia $NVDA hit a $2 Trillion Market Cap faster than any stock in history, including Apple $AAPL and Microsoft $MSFT
Source: barchart, factset
All-time highs are not the finish line.
The stock market surged to a record high last week, having eclipsed the previous high in January 2022 on the back of a new bull market that has delivered a 45% return since October 2022.1 The upshot is that bull markets do not tend to reach exhaustion upon hitting new highs. In fact, history shows that the initial breach of an all-time high tends to be more of a mile marker on the way to further gains Source: Edward Jones
