From Yahoo Finance: 2025-05-04 11:00:00

US stocks, including S&P 500, Dow Jones, and Nasdaq, saw gains on May 2 with S&P adding nearly 1.5%, marking the longest winning streak since 2004. The rally was fueled by China’s openness to trade talks and a strong US jobs report, with 177,000 jobs added in April, beating expectations.

Hopes for improved US-China trade relations rose as China signaled willingness to evaluate US trade proposals. China’s commerce minister stated the “door is open” if reciprocal tariffs are reduced. This news, along with positive job growth data, boosted investor confidence and reduced fears of an economic slowdown due to tariffs.

JPMorgan Chase & Co. (NYSE:JPM) ranks as one of the most profitable cheap stocks to buy. UBS raised its price target on JPM to $305 after strong first-quarter results. Analyst Erika Najarian noted better-than-expected revenue and raised EPS estimates for 2025 and 2026. JPM ranks 1st on the list of most profitable cheap stocks.

JPMorgan Chase & Co. (NYSE:JPM) is a leading American financial services company with global operations. The company specializes in investment banking, consumer and small business financial services, commercial banking, and asset management. Despite its profitability, some AI stocks may offer greater returns within a shorter timeframe.

Investors looking for promising AI stocks should consider options beyond JPMorgan Chase & Co. While JPM offers potential investment opportunities, certain AI stocks have shown higher returns in 2025. For those interested in AI stocks trading at less than 5 times earnings, exploring alternative options may be beneficial for maximizing returns.



Read more at Yahoo Finance: Is JPMorgan Chase & Co. (JPM) The Most Profitable Cheap Stock to Buy Now?