A major shop just lifted its S&amp;P 500 target to 7,800 on a &quot;Blue Sky&quot; scenario, implying another leg higher from here. A teaching moment on how Wall Street targets are built, why they move, and how little they should drive your decisions. Today&#x27;s Stocks &amp; Topics: MercadoLibre, Inc. (MELI), Market Wrap, The Williams Companies, Inc. (WMB), EQT Corporation (EQT), NAFTA Renegotiation, The Mosaic Company (MOS), JPMorgan Says 7,800: Should You Believe Price Targets?, Vanguard Health Care ETF (VHT), iShares Global Healthcare ETF (IXJ), AI Jobs Apocalypse, The Buckle, Inc. (BKE). Our Sponsors: * Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com * Check out Quince and use my code quince.com/INVEST for a great deal: https://www.quince.com Advertising Inquiries: https://redcircle.com/brands

JPMorgan Says 7,800: Should You Believe Price Targets?

InvestTalk

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Luke Guerrero. Good afternoon, fellow investors, and thank you for joining me for our last episode of InvestTalk of the month.

Because today is Tuesday, June 30th, 2026, and we are about to dive in to the second half of the year. Before we go forward, I do want to mention and thank all those who participated in our Wealth Webinar today, Beyond the Yield. If you, for whatever reason, couldn't make it, it will be available at a later time on our YouTube channel.

We had a great discussion about how you can position your portfolio for your income needs, and as always, answered finance and investment questions. With that being said, in just a bit, we will talk about today's market performance and run down those show topics. But why don't we kick it off by tackling a fresh caller question now. Hey guys, calling in on a stock ticker M-E-L-I. I've been accumulating it over the past two months.

I know it's had a recent pullback and seems to have found some support. What do you attribute the recent pullback to, and do you believe that this is a good level to DCA into the stock? I'll wait and listen to your answer on the show. I appreciate everything you do. Thanks. M-E-L-I is Mercado Libre Inc. It looks like it's a Latin American e-commerce and fintech platform.

So their business segments looks like 44% of the revenue comes from consumer services, about 23% from financial services, then another 20% from credit. But one thing I like right off the bat, you are getting international exposure here.

JPMorgan Says 7,800: Should You Believe Price Targets?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

JPMorgan Says 7,800: Should You Believe Price Targets?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.