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Good Tuesday Morning, MPTraders! July 15, 2025: Pre-Market Update: JPM beats but reacts sluggishly so far, NVDA pops 4.5% as Trump Administration enables chip exports to China, and ES spikes to a new ATH in reaction to the chip news, ahead of this AM's CPI Report (see expectations below)...(FinancialJuice)JPM beat The Street's estimates on Earnings and Revenue, and raised guidance for fiscal year 2025 net interest income. In reaction to the good news, JPM initially spiked to 295.00 from Monday's close at 288.70 (+2.2%), but has relinquished the gains. As we speak, JPM is trading at 285.70.
This issue of Where Fundamentals Meets Technicals takes a look at PayPal. The company operates their flagship PayPal platform, and is also the owner of Venmo.Once a pioneer in online payments and a growth stock darling, the company has experienced slowing growth in a now highly competitive field. It’s now firmly in value stock territory, trading at around 15x earnings.However, the stock is putting in a pretty good basing pattern here, which along with being cheap, potentially gives a good entry point.
This morning, both the SPX and NDX pushed to new highs, only to fade lower rather quickly. That new high provides the potential for a more fully extended count, continuing to stretch this market to increasingly extreme levels. Meanwhile, the Russell 2000 has already started to break down, dropping sharply below the lower trend channel I’ve been monitoring. That break offers an early indication that at least a local top may be in place.
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