JP Morgan recommends 5 favorite stocks in the US stock market this month, naming Amazon, General Motors, and Broadcom
Entering October, JP Morgan (JPM.US) has updated its analyst "favorite stock list," hoping to help investors find treasures in the rising U.S. stock market. The list includes Amazon (AMZN.US), used car retailer Carvana (CVNA.US), General Motors (GM.US), homebuilder PulteGroup (PHM.US), and chip giant Broadcom (AVGO.US).
Among them, Amazon has only risen slightly by 1% so far this year, making it the worst performer among the "seven giants," but it has rebounded over 15% in the past six months. JP Morgan analyst Doug Anmuth has set a target price of $265 for the stock, indicating nearly a 20% upside from Wednesday's closing price
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