These are JPMorgan’s top stock picks for clients heading into May

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These are JPMorgan’s top stock picks for clients heading into May

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made the cut alongside other major tech and media plays, with JPMorgan expecting shares to jump about 26% over the next year. Investors were enthused by the e-commerce giant’s Tuesday earnings report , which reflected 24% growth in advertising revenue and signaled a rebound in the digital ad market. The company also beat on both the top and bottom lines. Shares are up more than 21% year-to-date. Beauty and retail stocks e.l.f. Beauty , TJX Companies and Ulta Beauty were also included in the list with the idea that the stocks could post major returns over the next year. TJX, which owns T.J. Maxx and Marshalls, was upgraded to buy from neutral by UBS on Thursday on the belief it will take more share from department stores than previously thought. “TJX’s value proposition is durable and likely leads to sustained market share gains,” UBS analyst Jay Sole wrote in a Wednesday note. “Consumers associate ‘Good value for money’ with TJX’s banners more than other retailer’s banners.” No longer included in this month’s focus list are CMS Energy and Prologis , both of which are still rated overweight by JPMorgan. Rosato said he continues to see a strong risk-reward profile and looks “favorably” upon CMS’ top-tier growth

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of between 7% and 8%, but the stock’s price has narrowed the gap compared with its premium peers. With Prologis, the analyst said, macroeconomic uncertainty has dampened sentiment on the stock’s near-term demand.

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Ulta Beauty Inc,TJX Companies Inc,elf Beauty Inc,

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.com Inc,******* Airlines Holdings Inc,Prologis Inc,CMS Energy Corp,McDonald's Corp,Bank of America Corp,Caterpillar Inc,Stock markets,Investment strategy,Boeing Co,business news
#JPMorgans #top #stock #picks #clients #heading

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