The S&P 500 highly developed 24% final yr. Those people gains had been driven in huge component by much better-than-predicted economic growth and exhilaration about artificial intelligence. An analyst at JPMorgan Chase (NYSE: JPM), a chief in financial commitment banking income, believes all those tailwinds will have some stocks increased this 12 months. Specifically, buyers will probably aim on strong expansion, confirmed profitability, and realistic valuations, presented the lingering risk of recession.
Setting up on that framework, JPMorgan chosen Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) as top picks in 2024. The expense bank stands at the