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Orion Portfolio Solutions LLC increased its stake in Alphabet Inc. by 4.8% in Q2, owning 291,713 shares worth $51.7 million. Alphabet's stock opened at $310.52, with a market cap of $3.75 trillion. Analysts forecast an EPS of 8.89 for the year, with a dividend of $0.21 per share announced. The stock has a "Buy" rating with an average price target of $313.04.
Orion Portfolio Solutions LLC increased its holdings in JPMorgan Chase & Co. by 6.7% in Q2, now owning 215,659 shares worth $62.52 million. Other large investors also increased their stakes in JPMorgan. Insiders own 0.47% of the stock. Analysts have mixed ratings on JPMorgan, with a consensus rating of 'Hold' and an average price target of $326.81. JPMorgan's stock opened at $318.74 on Monday, with a market cap of $867.69 billion.
Japan rates and the AI connectionWe’ve written extensively about the implications of the rise in Japan’s long end. This isn’t a local story, it carries global spillover risk. Notably, NVDA topped almost perfectly as the Japanese 10-year kicked off its latest explosive move.
JPMorgan Chase is launching its first private tokenized money-market fund on Ethereum, supported by its Kinexys blockchain platform. This move aligns with JPMorgan's strategy to use tokenization and blockchain for asset management rather than retail trading.
Meta faced significant ad fraud from Chinese advertisers, leading to over $3 billion in revenue from scams and banned content. Despite initial efforts to combat this, including forming an anti-fraud team, CEO Mark Zuckerberg's intervention led to the disbanding of the team and a resurgence of fraudulent ads. Meta's actions have raised concerns about consumer protection and systemic corruption in its ad practices.
