JPMorgan Chase Whiffs and Other #Stocks2Watch

By MarketsFOXBusiness

#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail adam.samson@foxbusiness.com and tell us what stocks you're watching -- your picks could appear online!

1. JPMorgan Chase (NYSE:JPM)

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JPMorgan Chase (NYSE:JPM) kicked off bank earnings season with disappointing results on the top and bottom lines. A big drop in fixed-income profits and mortgage originations also worried traders. Shares of the biggest U.S. bank by assets are falling 3%.

2. Wells Fargo (NYSE:WFC)


On the other side of the spectrum is Wells Fargo (NYSE:WFC). The No. 4 U.S. bank revealed per-share earnings that topped expectations and revenues that were in-line with Wall Street's views. The shares are up shy of 1%.

3. Biotechnology Stocks


FOX Business Reporter / Editor Victoria Craig says she's watching shares of biotechnology stocks. The Nasdaq Biotechnology Index is set to fall for the seventh-straight week -- the longest weekly rout since 1998.

Traders can play the sector through an array of exchange-traded funds, including the iShares NASDAQ Biotechnology Index (NASDAQ:IBB).

4. Tesla (NASDAQ:TSLA)


Tesla (NASDAQ:TSLA) shares are sliding more than 2%. The drop on no apparent news is emblematic of the big rotation away from growth stocks.

5. Zynga (NASDAQ:ZNGA)


Zynga (NASDAQ:ZNGA) shares are up 1.5% after Morgan Stanley reportedly upped the social game maker to "equalweight" from "underweight."

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