Financial services titan JPMorgan Chase is suddenly turning bearish on the stocks of popular tech and restaurant companies as the S&P 500 hits record highs. JPMorgan analysts say several big-named stocks appear overvalued and may be smart shorting plays for investors, reports Barron’s. JPMorgan analyst Ryan Brinkman says Tesla (TSLA) currently has a “sky-high valuation” and expects earnings to plummet after President Trump reduced government subsidies for electric vehicle (EV) purchases. Brinkman also predicts that Tesla’s robo-taxi initiative is “likely to disappoint.” He is also bearish on Tesla’s rival Rivian Automotive (RIVN). According to Brinkman, the firm’s efforts to improve its balance sheet “will likely [be] hampered by reduced EV subsidies and tariffs.” Next up, JPMorgan analyst Kenneth Worthington says Circle Internet Group (CRCL), the stablecoin issuer, is due for a correction. “Circle is a market leader in stablecoins with amazing technology, we view competition emerging and its current valuation as excessive.” Moving on to the social media sector, JPMorgan analyst Doug Anmuth says Snapchat (SNAP) faces continual hurdles, including big brand advertisers’ “volatile” spending as well as the firm’s “poor track record on execution.” Bumble (BMBL) is also earning a bearish outlook as JPMorgan analyst Cory Carpenter says the dating app stock faces a “structurally challenged” online dating sector, and the firm “is early in its turnaround effort.” Other stocks JPMorgan analysts say are among the best candidates for investors to look for corrections include the restaurant chain Cheesecake Factory (CAKE), chipmaker Intel (INTC) and fast-food chain Shake Shack (SHAK). As of Monday’s close, the S&P 500 is trading at record highs at 6,286 points. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase Now Bearish on Tesla, Circle, Rivian, Snapchat and Four Other Stocks As S&P 500 Trades at All-Time Highs: Report appeared first on The Daily Hodl .
