LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

JPMorgan highlights its top stock picks heading into July

Chaim Potok by Chaim Potok
July 7, 2023
in Investing
JPMorgan highlights its top stock picks heading into July
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


JPMorgan updated its list of top stock picks for July, as investors are now eyeing the second half of the year. Markets are coming off a strong beginning to the year, powered by sharp gains from tech names. The Nasdaq Composite added 31.7% for its best first half in 40 years, while the S & P 500 capped its strongest first half since 2019. To kick off this month, JPMorgan added Domino’s Pizza and Dollar General to its focus list. Domino’s Pizza stock has slipped more than 3% in 2023, but it’s still rated overweight by JPMorgan analyst John Ivankoe. “We heard optimism for a reacceleration in US growth in late F23,” he wrote. Further, last month, Stifel upgraded the stock to buy from hold , thanks to forecasted higher sales and lower costs. Another new addition to the list, Roivant Sciences has had a stronger year. Shares are up nearly 37% in 2023. The company is developing treatments for a range of conditions, including atopic dermatitis and thyroid eye disease. “We believe Roivant’s R & D portfolio has attractive upside potential with a robust set of data catalysts near-term,” wrote JPMorgan analyst Brian Cheng. He rates the stock overweight. Holdovers from previous iterations of the focus list include tech stocks Amazon and Microsoft . Both have ample exposure to artificial intelligence, which has helped lift both stocks higher this year. Shares of Amazon have added about 54% in 2023. The company made headlines recently, however, after news broke that the Federal Trade Commission was suing the e-commerce giant . The agency alleged that the company “duped millions of consumers into unknowingly enrolling in Amazon Prime.” Microsoft, meanwhile, has been riding the AI wave all year. Shares are up 42% in 2023. The company is an early backer of OpenAI’s large-language model ChatGPT. Morgan Stanley on Thursday raised its price target on Microsoft to a Street high of $415 , implying a market cap that would exceed $3 trillion. JPMorgan removed multimedia stock Avid Technology from its focus list earlier this week.



Source link

You might also like

Thursday’s big stock stories: What’s likely to move the market in the next trading session

Morgan Stanley’s highest conviction picks into earnings

Student loan forgiveness paused under a popular repayment plan. Here’s what to know

Share30Tweet19
Previous Post

SEC seeks rule change that could cause fund managers to take less risk

Next Post

U.S. officials say risk of locally acquired malaria remains low as nationwide cases jump to seven

Chaim Potok

Chaim Potok

Recommended For You

Thursday’s big stock stories: What’s likely to move the market in the next trading session
Investing

Thursday’s big stock stories: What’s likely to move the market in the next trading session

July 24, 2025
Morgan Stanley’s highest conviction picks into earnings
Investing

Morgan Stanley’s highest conviction picks into earnings

July 23, 2025
Student loan forgiveness paused under a popular repayment plan. Here’s what to know
Investing

Student loan forgiveness paused under a popular repayment plan. Here’s what to know

July 23, 2025
This oil ETF is showing signs of a possible turnaround, according to the charts
Investing

This oil ETF is showing signs of a possible turnaround, according to the charts

July 23, 2025
Next Post
U.S. officials say risk of locally acquired malaria remains low as nationwide cases jump to seven

U.S. officials say risk of locally acquired malaria remains low as nationwide cases jump to seven

Related News

Stocks making the biggest moves premarket: Palantir, PepsiCo, Rivian and more

Stocks making the biggest moves premarket: Palantir, PepsiCo, Rivian and more

October 10, 2023
UBS says this battery systems company is an ‘under-appreciated beneficiary’ of the AI-driven data center boom

UBS says this battery systems company is an ‘under-appreciated beneficiary’ of the AI-driven data center boom

May 29, 2024
How England can still win Six Nations title on Super Saturday

How England can still win Six Nations title on Super Saturday

March 16, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?