25 May Watchlist 👀

 

Today we are watching…

1. JP Morgan (#jpm)

Bitcoin is like marmite; you either love it or hate it. Jamie Dimon, CEO of America’s biggest bank, believes the digital tokens “have no actual value.” He’s confident that “it will eventually blow up” and that only “idiots” buy it. However, Bitcoin exchanges are making money (for now), and they need banking services. JP Morgan has carefully vetted a group of closely regulated exchanges and is announcing banking services to be sold to Coinbase and Gemini. JP Morgan wants its investors to know, its stock will never be a play on Bitcoin, but at least now its own fortunes are somewhat connected!

2. BP (#bp)

It’s hell in the Permian. Rock bottom oil prices have brought shale crashing down. If it wasn’t for backroom bailouts, this entire sector full of stocks would’ve hit zero. In order to rebuild, BP faces some very harsh realities. 120 of its 250-strong senior management team will be made redundant in the coming weeks as a remodel of the firm’s corporate structure. This announcement gives investors hope that a turnaround is ready to begin. Putin has ordered support for his oil companies, and the Saudi Crown Prince also prepared to ease off the drilling. Could we see the very, very early initial green shoots of a new shale era?

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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