🚨 Attention, dear investors! 🚨 JPMorgan Chase, the financial services giant, has suddenly turned bearish on the stocks of popular tech and restaurant companies as the S&P 500 hits record highs. According to Barron’s, JPMorgan analysts believe several big-named stocks appear overvalued and may be smart shorting plays for investors.
First on the list is Tesla (TSLA), with JPMorgan analyst Ryan Brinkman stating that the company’s valuation is “sky-high” and predicting a plummet in earnings after President Trump reduced government subsidies for electric vehicle (EV) purchases. Brinkman also predicts that Tesla’s robo-taxi initiative is “likely to disappoint.”
Next up is Tesla’s rival Rivian Automotive (RIVN), with Brinkman expressing bearishness due to the company’s efforts to improve its balance sheet being “likely hampered by reduced EV subsidies and tariffs.”
JPMorgan analyst Kenneth Worthington is bearish on Circle Internet Group (CRCL), the stablecoin issuer, stating that the firm’s current valuation is “excessive” and competition is emerging. 💸
Moving on to the social media sector, JPMorgan analyst Doug Anmuth says Snapchat (SNAP) faces continual hurdles, including big brand advertisers’ “volatile” spending and the firm’s “poor track record on execution.”
Bumble (BMBL) is also earning a bearish outlook as JPMorgan analyst Cory Carpenter says the dating app stock faces a “structurally challenged” online dating sector, and the firm “is early in its turnaround effort.”
Other stocks JPMorgan analysts say are among the best candidates for investors to look for corrections include the restaurant chain Cheesecake Factory (CAKE), chipmaker Intel (INTC), and fast-food chain Shake Shack (SHAK).
As of Monday’s close, the S&P 500 is trading at record highs at 6,286 points. 🎉
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2025-07-15 10:21