JPMorgan’s Dimon Warns of Volatility, Microsoft Dons Its Cape, and 3 More Hot Stocks
JPMorgan Chase & Co. (NYSE:JPM): Jamie Dimon shared some somber words in China, at the Fortune Global Forum in Chengdu. “We should all hope for a normalization of interest rates — that’s a good thing,” Dimon said, in reference to rumors that the Federal Reserve may start curtailing its quantitive easing efforts. “As we go back to normal, it’s going to be scary, and it’s going to be kind of volatile.”
Microsoft (NASDAQ:MSFT): The software giant has teamed up with none other than the FBI, to execute an attack against Citadel Botnets, one of the world’s largest cyber crime rings worldwide. Microsoft’s Digital Crimes division said that the effort — which was successful — brought down 1,000 of roughly 1,400 malicious computer networks, used for financial thefts that total as much $500 million from bank accounts and organizations such as American Express (NYSE:AXP).
Conn’s, Inc. (NASDAQ:CONN): In the Conn’s versus Radioshack (NYSE:RSH) race, Conn’s’ decision to branch out to furniture and mattresses and shy away from consumer electronics has paid off, while Radioshack continues to struggle. Conn’s posted its first quarter results on Thursday morning, and strong beats on both earnings and revenue indicate that its revised model has its advantages over Radioshack’s electronics-centric practices.
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