It's the start of a new trading month, and some stocks are slated for some gains ahead, according to the firm.
It's the start of a new trading month, and some stocks are slated for further upside, according to JPMorgan. In October's last trading session on Thursday, stocks closed lower, with the S & P 500 and the Nasdaq Composite notching their worst day in more than a month . The major averages also notched losses in October, with the broad market index and the Dow Jones Industrial Average both breaking five-month win streaks.
mountain CVNA, year-to-date The company similarly sees strong growth ahead. On Thursday, Carvana gained more than 19% on the heels of better-than-expected third-quarter results and an increased full-year forecast for 2024. On that point, Carvana said that its adjusted earnings before interest, taxes, depreciation and amortization would come in "significantly above the high end" of its prior range of between $1 billion and $1.2 billion.
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