JPMorgan updated its Analyst Focus List for August, including one addition and two removals from July.
With a new trading month underway, some stocks are due for outperformance, according to JPMorgan. The Wall Street bank's August "focus list" released last Thursday came amid the market's rough start to the month.
That came as consumers, especially those with lower incomes, pulled back spending at fast-food restaurants amid runaway menu prices , leading several chains, including McDonald's, to offer value meals. McDonald's, for example, recently extended its $5 value meal in most U.S. markets to boost traffic.
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