The investment bank screened for stocks that have lagged the recovery and may benefit from the market's rotation.
With the start of the holiday season just more than a month away, investors should keep an eye on some consumer names that may be positioned to benefit from continued economic recovery, according to JPMorgan. Last month, the Federal Reserve slashed interest rates by a half point – the first time the central bank cut rates since 2020. From there, the Federal Open Market Committee has indicated that rates could fall by another half point by the end of the year, as shown in its "dot plot.
JPMorgan rates Alaska Air overweight. Though shares have advanced more than 9%, the stock has underperformed the broader market this year. The company recently closed its $1.9 billion acquisition of Hawaiian Airlines following the U.S. Department of Transportation's clearance of the deal. Wall Street is rather bullish on the name, as 10 of the 14 analysts covering the stock have a buy or strong buy rating. The remaining four analysts have taken a neutral stance. In the retail space, E.l.
Starbucks Corp Elf Beauty Inc Alaska Air Group Inc S&P 600 SMALL CAP INDEX S&P 400 Midcap S&P 500 Index Stock Markets Investment Strategy Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan stock drops after President Pinto's cautious commentsJPMorgan stock drops after President Pinto's cautious comments
Read more »
JPMorgan sees Netflix becoming a major advertising player, stock going to $750The Wall Street firm reaffirmed its bullish stance on the stock amid an anticipated boost in scale and monetization next year.
Read more »
Thursday's analyst calls: Medical device stock a buy, JPMorgan says sell this discount retailerA medical device maker and a discount retailer were among the stocks being talked about by analysts.
Read more »
Buy any potential weakness in this big pharma stock: JPMorganBuy any potential weakness in this big pharma stock: JPMorgan
Read more »
China's Historic Stock Rally Could Be Stifled By Trump Win, JPMorgan IndicatesDerek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Read more »
Here are JPMorgan's top stock picks heading into OctoberWith the new trading month underway, the Wall Street bank released its updated focus list targeting growth, income, value and short selling strategies.
Read more »