Latest news with #Wolfe
Yahoo
a day ago
- Business
- Yahoo
JPMorgan Emerges Strong Amid Market Swings, Says Wolfe Research
JPMorgan Chase & Co. (NYSE:JPM) is one of Best Dividend Stocks to Buy for Dependable Growth. According to Wolfe Research, investors should consider JPM amid volatility. The stock has surged by over 12% since the start of 2025, outperforming the broader market by a wide margin. A group of business people discussing plans around a boardroom table adorned with a financial services company logo. With markets remaining unsettled due to evolving trade policies and geopolitical tensions, Wolfe Research is focusing on companies with a long-standing habit of buying back their own shares as a way to weather the volatility, and JPMorgan Chase & Co. (NYSE:JPM) made the cut. Wolfe's 'consistent buyback' list highlights firms that have reduced their share count for at least 10 consecutive years. According to Chief Investment Strategist Chris Senyek, this group of stocks tends to perform well during defensive market phases and around periods of economic downturn. According to the firm, JPMorgan Chase & Co. (NYSE:JPM) kicked off 2025 by increasing its share repurchases, despite CEO Jamie Dimon expressing caution at the bank's 2024 investor day, when he felt the stock was somewhat overvalued. However, with JPM sitting on a growing cash reserve, the buybacks moved forward. Wolfe's data indicates the bank's buyback-to-market-cap ratio stands at 4%. So far in 2025, JPMorgan stock has seen steady performance, and about 56% of analysts tracked by FactSet have rated it a 'Buy,' with the average price target suggesting a roughly 3% potential upside. JPM is also a solid dividend payer, currently offering a quarterly dividend of $1.40 per share for a dividend yield of 2.08%, as of June 17. JPMorgan Chase & Co. (NYSE:JPM) is a leading provider of investment banking, commercial banking, asset management, and financial transaction services. The firm serves millions of customers across the U.S., along with major corporate, institutional, and government clients around the world. While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Entertainment
- Business Insider
He worked multiple jobs just to pay rent in the US — so he packed up and moved to Thailand to chase a new life as a fighter
Maxwell Wolfe left the US and moved to Koh Samui, Thailand, to become a Muay Thai fighter. His daily routine in Samui involves waking up at 5 a.m. and training twice a day. He prefers the simplicity of his life in Thailand over the rat race in the US. Maxwell Wolfe had never traveled outside the US — until he flew to Thailand in 2019 for a Muay Thai fight on the island of Koh Samui. He lasted two minutes in the ring, took an elbow above his right eye, which left a scar, and then lost. But instead of flying home feeling defeated, Wolfe was hooked. Wolfe grew up in northern Virginia and had started practicing martial arts in his early 20s, when he was at a crossroads in his life. As someone with ADHD, he always found it hard to conform to conventional societal expectations. "I never really fit the mold, and martial arts is one of the very few things in my life besides music and art that made sense to me," Wolfe, now 34, told Business Insider. That match in Samui lit a fire in him, and he hoped to return to Thailand sooner to continue pursuing the sport. But the pandemic threw a wrench in his plans, and he continued training in the US instead. But life wasn't easy. With the rising cost of living, he had to juggle IT jobs, work in nightclubs, and deliver Uber Eats to pay his rent. In late 2023, things came to a head when he lost both of his IT jobs. Feeling stuck both personally and professionally, Wolfe decided to return to Samui in search of a reset. Starting afresh in Samui Once he arrived in Samui, he signed up for training at Lamai Muay Thai, a local gym. The training routine he followed gave his days structure and a sense of purpose that he quickly grew to appreciate. But as a foreigner, he realized his time in Thailand was limited. "One day, I went up to Ralph and said, 'How do I live a life like this?'" Wolfe said, referring to the owner of Lamai Muay Thai, Ralph Beale. That's when Beale told him about the Destination Thailand Visa, or DTV. Introduced last year, it can be used by digital nomads, remote workers, and those interested in participating in cultural or wellness activities — including Muay Thai. Beale told BI that the training center welcomes foreigners of all experience levels to its classes and currently has around 12 fighters training under the DTV. Wolfe's original plan was to stay for just one year. Enough time, he thought, to rebuild himself through Muay Thai. But with the visa valid for five years, the possibility of staying longer began to take shape. Eat, sleep, train, repeat Wolfe represents Lamai Muay Thai in local matches. "They get a small fight purse when they compete, which can start as low as a few thousand baht," Beale said. Most foreign fighters aren't in it for the money, but rather for the chance to compete in Thailand. Those who prove themselves in smaller arenas often earn opportunities on bigger stages, like those in Bangkok, he added. Wolfe's lifestyle on Samui is far from the relaxed and idyllic island dream one might expect. His day starts at 5 a.m. After washing up, he takes his supplements and has a light breakfast — typically a piece of fruit, like a banana. Then, it's time for training. "I usually reach the gym when the sun's still coming up, stretch a little bit, and then I run 8 to 10 kilometers in the morning," Wolfe said. After cooling down, he moves on to padwork or a CrossFit session. After morning training, Wolfe heads home and spends the afternoon on online IT courses. By 4 p.m., he's back at the gym — and ready to do it all over again. He lives in a house just five minutes away from his gym with several other fighters. One of the biggest challenges he faced was adapting to the strict discipline required by his new life. Getting into the habit of waking up early was tough, and staying mindful of his diet proved equally challenging. "I couldn't be eating all this processed crap. I couldn't have much seasoning on it," he said. "There's also temptation — I'm not even a big drinker, but alcohol is ridiculously cheap here." Adapting to a simpler life If there's anything he misses about the US, it's the sense of familiarity. "This is straight up jungle life," he said. "You've got to make sure you have a charger. Going to this spot means that you have no communication. Going to that spot means you'll encounter wild dogs." "It's one thing to be street smart back where I'm from, but being jungle smart is a completely different thing," he added. The Muay Thai gym has become a place where Wolfe has made some real friends. He finds that people in Samui are generally more open and accepting. Wolfe says he's slowly trying to learn the Thai language to get along better with the locals, including some of his trainers. Apart from training, competing, and representing the gym, Wolfe's life in Samui gave him the breathing space to grow his IT career. The lower cost of living in Samui has relieved a lot of financial pressure, allowing him to focus on upskilling himself and running his remote cybersecurity and IT consulting business. On the side, he's also building an AI app to help martial arts athletes track progress and improve performance. "Muay Thai is my main focus right now, and I'm fully committed to it. But I know fighting isn't forever," he said. Compared to the rat race, he prefers the simplicity of his life in Samui. "Despite the pain and discipline, it's so much better. I may not be working toward a luxurious apartment, which I'll never pay off in my lifetime, but I could see myself having a little house here, and I'd be happier than most people who are making six figures as a lawyer in New York," he said. In May, Wolfe fought his first Muay Thai match since receiving the visa. He walked away with a win.
USA Today
2 days ago
- Business
- USA Today
Burlington plans to open at least 100 stores by the end of 2025: Here's where
Burlington plans to open at least 100 stores by the end of 2025: Here's where As 2025 continues, retailers and restaurants are opening new locations, including Burlington stores. The New Jersey-based retailer has over 1,100 stores across 46 states, Washington D.C. and Puerto Rico. The discount department store plans to open about 100 new locations by the end of 2025, Executive Vice President and Chief Financial Officer Kristin Kendrick Wolfe told USA TODAY on June 9. So far this year, Burlington Stores, formerly Burlington Coat Factory, has opened 22 locations in both rural communities and major metropolitan areas, Wolfe said. Burlington recently acquired at least 12 former Big Lots stores in Connecticut after Big Lots filed for bankruptcy. Bill Read, executive vice president of commercial real estate firm Retail Specialists, shared a list of the stores in March. Here's what Burlington shoppers need to know about the company's expansion. Where are the latest Burlington stores opening? According to Burlington's website, the company is opening a slew of stores in 2025. Opening June 27: Mesa, Arizona: 2840 E Main St. Suite 109 2840 E Main St. Suite 109 Manchester, Connecticut: 1470 Pleasant Valley Road 1470 Pleasant Valley Road Clifton Heights, Pennsylvania: 713 E Baltimore Ave. Opening July 4: Fajardo, Puerto Rico: 150 Carr. 940 Opening July 11: Tampa, Florida: 2160 E Fowler Ave. 2160 E Fowler Ave. Islandia, New York: 1730 Veterans Memorial Highway 1730 Veterans Memorial Highway Houston, Texas: 516 Gulfgate Center Mall Opening July 25: Tucson, Arizona: 7160 E Broadway Blvd. 7160 E Broadway Blvd. Garden Grove, California: 9661 Chapman Ave. 9661 Chapman Ave. Miami Lakes, Florida: 16000 NW 57th Ave. 16000 NW 57th Ave. Brunswick, Georgia: 197 Golden Isles Plaza 197 Golden Isles Plaza Chicago, Illinois: 1424 W 47th St 1424 W 47th St Milford, Massachusetts: 230 Fortune Blvd. 230 Fortune Blvd. Brighton, Michigan: 8467 W Grand River Ave. 8467 W Grand River Ave. Burton, Michigan: 4153 E Court St. 4153 E Court St. Columbia, Missouri: N. Stadium Boulevard (address TBD) N. Stadium Boulevard (address TBD) Carson City, Nevada: 911 Topsy Lane 911 Topsy Lane Bartlett, Tennessee: 6015 Stage Road 6015 Stage Road San Antonio, Texas: 3143 SE Military Drive 3143 SE Military Drive San Antonio, Texas: 4807 W Commerce St. 4807 W Commerce St. Vancouver, Washington: 7809-B Unit #102 NE Vancouver Plaza Drive Opening July 18: Fort Pierce, Florida: 2011 S US Highway 1 2011 S US Highway 1 Spokane, Washington: 5628 N Division St. Opening Aug. 8: San Antonio, Texas: 11650 Bandera Road 11650 Bandera Road Texas City, Texas: 3405 Palmer Highway Opening Aug. 15: Calumet City, Illinois: 470 River Oaks W 470 River Oaks W Salina, Kansas: 2450 S 9th St. 2450 S 9th St. Garner, North Carolina: 2580 Timber Drive 2580 Timber Drive Amarillo, Texas: 2510 S Soncy Road 2510 S Soncy Road McAllen, Texas: 724 E Expressway 83 So far in 2025, Burlington has opened stores in Arizona, California, Florida, Illinois, Indiana, Massachusetts, North Carolina, Pennsylvania, Texas, Washington and Wisconsin. A full list of anticipated openings can be found at What's happening in 2026? Once 2025 wraps up, Burlington plans to expand more in 2026, Wolfe said. "In fact, Burlington is on track to grow to 2,000 stores nationwide," Wolfe said in a statement. "We're excited to keep growing and bringing amazing deals on top brands to shoppers across the country." Each new store will include Burlington's new store layout and the company's new motto that reads "Deals. Brands. WOW!" "The refreshed store layout provides a better and more enjoyable shopping experience, making it easier for consumers to discover deals and savings on their favorite brands," Wolfe said. All new stores have the latest format, while half of the brand's locations have already been converted. The rest of the company's locations will be converted by the end of 2026, Wolfe said. Contributing: Melina Khan Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@
Yahoo
2 days ago
- Business
- Yahoo
Comstock Resources upgraded to Outperform from Peer Perform at Wolfe Research
Wolfe Research upgraded Comstock Resources (CRK) to Outperform from Peer Perform with a $34 price target Wolfe sees Comstock's investment case evolving from a distributable cash flow valuation where the multiple is the output, to a resource-based valuation reflecting a drilling backlog being derisked by ongoing well tests, previously overlooked by industry, the analyst tells investors in a research note. Comstock is primed to benefit from the firm's base case that sees elevated gas prices over the next 18 months, Wolfe adds. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CRK: Disclaimer & DisclosureReport an Issue Comstock Resources upgraded to Outperform from Peer Perform at Wolfe Research Comstock Resources price target raised to $27 from $22 at Citi Comstock Resources Approves Key Proposals at Annual Meeting Comstock Resources price target raised to $27 from $25 at BofA Comstock Resources price target raised to $12 from $6 at Piper Sandler Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Wolfe stays defensive but sees AI spending supporting growth stocks
-- Wolfe Research maintained a defensive investment stance amid economic uncertainty, but continues to back growth stocks with exposure to artificial intelligence. In a note, the firm said it expects interest rates to remain unchanged but warned markets may be too relaxed about inflation. 'Our sense is there could be a potential risk of the Fed cutting interest rates 0 times this year,' analysts at Wolfe wrote, citing lingering inflationary risks in the second half of 2025 despite recent soft readings. Nevertheless, the firm does not anticipate a recession in 2025. 'We do not see a recession this year based on continued spending from the U.S. consumer,' the analysts said, pointing to the resilience of both high-income households, supported by the wealth effect, and lower-income households, which may benefit from the OBBB. In this environment, Wolfe's U.S. Market Cycle Framework continues to signal a 'late cycle' backdrop. The firm recommends investors maintain exposure to defensive sectors like consumer staples and utilities. However, it also sees promise in secular growth sectors—particularly technology and discretionary—due to their link to artificial intelligence. 'We'd remain defensively positioned (Staples, Utilities), while also favoring secular growth areas of the market (Tech, Discretionary) given their exposure to the AI Spending narrative,' the note said. Related articles Wolfe stays defensive but sees AI spending supporting growth stocks Sina: Liu vows innovation after 'five-year decline,' targets travel Goldman upgrades Chinese EV makers XPeng and Nio on cost cuts, product improvement
