JPMorgan Chase has adopted a bearish stance towards Tesla, Circle, Rivian, Snapchat, and four other unnamed stocks, according to a recent report, as the S&P 500 reaches unprecedented highs.

JPMorgan Chase has adopted a bearish stance towards Tesla, Circle, Rivian, Snapchat, and four other unnamed stocks, according to a recent report, as the S&P 500 reaches unprecedented highs.

In a recent analysis, JPMorgan has taken a bearish stance on several high-profile companies, citing concerns over valuation risks, earnings declines, and sector-specific headwinds. This cautious view comes amid an overall market at record highs.

### Tech Stocks Under Pressure

JPMorgan has downgraded Tesla (TSLA) to "Underweight" with a $115 price target. The bank points to declining deliveries, valuation premiums compared to competitors, and political/regulatory risks as reasons for their bearish outlook. Rivian (RIVN) also faces high valuation concerns, with doubts over its ability to compete in the electric vehicle space.

Snapchat and Circle Internet Group are among the tech companies JPMorgan is bearish on, reflecting worries about overvaluation and sustainability of earnings. Moderna (MRNA) and Whirlpool (WHR) are overvalued, according to JPMorgan, due to tariff uncertainties, inflation, and cyclical economic factors.

### Restaurant and Consumer Sector

While specific restaurant names were not detailed, JPMorgan's bearish view extends to include certain consumer and restaurant companies. This likely reflects concerns over earnings pressures and market conditions in those sectors.

### JPMorgan's Bearish List

The primary concerns in JPMorgan's analysis are overvaluation, declining earnings outlooks, regulatory and political risks, and vulnerability to economic cycles. Stocks on JPMorgan's bearish list include Tesla, Rivian, Snapchat, Circle, Moderna, Whirlpool, and unspecified restaurant companies.

This cautious stance contrasts with the broader market's record highs, signaling JPMorgan’s expectation of potential corrections or slower growth for these names.

Meanwhile, in the cryptocurrency industry, Swarm Network has selected Walrus to power verifiable AI on Rollup.News. Aster has launched 24/7 Stock Perpetual Contracts with exposure to US equities, and MultiBank Group has sold out 7 million MBG tokens in under one hour during its initial pre-sale. Snail, Inc. has announced its intent to explore a proprietary USD-backed stablecoin, and Investor Tom Lee predicts US banks will soon hold Bitcoin as collateral.

Elsewhere, Brinkman predicts that Tesla's robo-taxi initiative is "likely to disappoint," and he expects Tesla's earnings to plummet due to reduced government subsidies for electric vehicle purchases. Brinkman is also bearish on Rivian Automotive, stating that the firm's efforts to improve its balance sheet "will likely [be] hampered by reduced EV subsidies and tariffs."

Doug Anmuth, another JPMorgan analyst, believes Snapchat faces continual hurdles, including big brand advertisers' "volatile" spending and the firm's "poor track record on execution." The Sandbox has launched the largest LAND sale to date on GBM Auctions, and The Bitcoin Setup suggests an explosive rally is incoming, according to an analyst who called the 2021 crypto top.

JPMorgan Chase has turned bearish on several stocks, including Tesla (TSLA), Rivian Automotive (RIVN), Circle Internet Group (CRCL), Snapchat (SNAP), Bumble (BMBL), Cheesecake Factory (CAKE), Intel (INTC), and Shake Shack (SHAK). Cory Carpenter, another JPMorgan analyst, says Bumble faces a "structurally challenged" online dating sector and is "early in its turnaround effort."

1. JPMorgan has taken a bearish stance on cryptocurrency, predicting an explosive rally for Bitcoin, as MultiBank Group has sold out 7 million MBG tokens in under an hour during its initial pre-sale.
2. In the general-news sector, Brinkman expects Tesla's robo-taxi initiative to disappoint, and predicts Tesla's earnings to plummet due to reduced government subsidies for electric vehicle purchases.
3. The bank's bearish view extends to tech companies like Snapchat, citing overvaluation and continual hurdles, such as big brand advertisers' volatile spending and poor execution track record.
4. In the finance industry, JPMorgan has issued a bearish stance on several stocks, including Bumble, facing a structurally challenged online dating sector, and Cheesecake Factory, which may struggle due to vulnerability to economic cycles.
5. Meanwhile, in the altcoin market, Swarm Network has selected Walrus to power verifiable AI on Rollup.News, and Aster has launched 24/7 Stock Perpetual Contracts with exposure to US equities.

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