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- ♒ the CAT is out of the bag
♒ the CAT is out of the bag
🟢=bullish sentiment | today's top news snippets about trending stocks Caterpillar, JPMorgan Chase, Bath Bath & Beyond...
Hello again old friend, welcome back to Market Mood! We’re the Jimmy John’s of daily stock market newsletters, bringing you the tastiest news insights… freaky fast⚡
Today’s menu: some top-tier nuggets about , , and
TODAY’S TOP NUGGETS🥔
🏗️ Caterpillar hits a 1-year high on recession outlook
date: 1/13 | source: MarketWatch | sentiment: 🟢
“Caterpillar Inc. climbed Friday toward a fourth straight record close, after BofA Securities analyst Michael Feniger turned bullish on the belief that the construction- and mining-equipment maker will weather a 2023 recession better than many might expect…”
date: 1/13 | source: Investing.com | sentiment: 🟢
“Caterpillar stock rose 0.7% after Bank of America upgraded its stance on the construction equipment company to 'buy' from 'neutral', saying the company has a ‘roadmap to outperformance’”
date: 1/15 | source: BitcoinEthereumNews | sentiment: 🟢
“Shares of Caterpillar Inc (NYSE: CAT) have gained nearly 60% since late September but a Bank of America analyst says it’s still not too late to buy this stock…”
🏦 JPMorgan reports Q4 earnings and sues Frank
date: 1/13 | source: BayStreet | sentiment: 🟢
“JPMorgan Chase, the largest U.S. bank by market capitalization, has reported better-than-expected quarterly results due to strong performance from trading unit.”
date: 1/13 | source: TipRanks | sentiment: 🟢
“In a report released today, Erika Najarian from UBS maintained a Buy rating on JPMorgan, with a price target of $156.00”
date: 1/13 | source: IBT | sentiment: 🌑
“JPMorgan Chase & Co said on Friday it set aside $1.4 billion in anticipation of a mild recession, even as it beat forecasts for quarterly profit”
date: 1/12 | source: Reuters | sentiment: 🔴
“JPMorgan Chase & Co on Thursday shut down its Frank website, a college financial planning platform it bought in 2021, after suing the startup's founder and another executive for creating nearly 4 million fake customer accounts.”
date: 1/12 | source: BankingDive | sentiment: 🔴
“The Frank dust-up is an embarrassing development for JPMorgan, which, when it acquired the startup, trumpeted its ‘desire to have lifelong, engaged relationships with all of our customers.’ ‘Charlie and her team have built an amazing connection to the student population,’ Jennifer Roberts, JPMorgan’s head of consumer banking, said in 2021”
🎢 Bed Bath & Beyond rides the meme-coaster again...
date: 1/12 | source: JPost | sentiment: 🌑
“Shares of Bed Bath & Beyond shares surged on Wednesday as individual investors piled in, extending the stock's rebound from multi-decade lows hit last week and reviving a rally in other meme stocks... Among the top three companies traded on Fidelity's retail platform, Bed Bath & Beyond jumped 69% during the session and then another 20% after the bell”
date: 1/12 | source: MarketWatch | sentiment: 🔴
“The company announced store closures, along with third-quarter results that missed analysts’ top- and bottom-line estimates, just days after it said it may need to ‘declare bankruptcy’… But if bankruptcy is not in the future, the company’s rallying stock price will force a massive short squeeze and short sellers will rush to the doors and buy to cover in order to retain some of the mark-to-market profits they earned in 2022”
date: 1/12 | source: BitcoinEthereumNews | sentiment: 🔴
“If the threat of bankruptcy becomes more of a certainty the prospect of a BBBY short squeeze becomes less and less, we can expect minimal short covering as short sellers wait for a $0.00 stock price.”
DAILY FLUB AWARDS🏆
an assortment of worst & funniest headlines, thumbnails, or ads we found today on stock market news sites
1st Place🥇
2nd Place🥈
Last place 💩
That’s all for today folks! Good to be back putting these together for you guys again. Let us know how we did below so we can better help you conquer the noise market news cycle. All the best to all of you my friends ~MM
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
SENTIMENT KEY: 🟢=bullish, 🌑=neutral, 🔴=bearish