JPMorgan Ups Growth Bets on AI-Linked Stocks

JPMorgan has released its updated list of stock picks for October, adding five new names to its growth, income, value, and short strategies. The bank's analysts have been bullish on these companies, citing strong fundamentals and potential for further growth.

The additions include American Express, which has fallen 18% year-to-date due to consumer and credit concerns. Despite this decline, JPMorgan analyst Richard Shane sees a strong value case for the stock, describing it as a core holding for investors seeking high returns through dividends and share repurchases.

Likewise, Liberty Energy has been on the bank's growth list for October, with its shares rising 52% in the past year. Analyst Arun Jayaram believes the company still has further upside due to the artificial intelligence boom. Thermo Fisher Scientific also appears on the list, with its shares gaining over 25% in three months thanks to a strong financial outlook and a recent partnership with Mayo Clinic.

The updated list suggests that JPMorgan is leaning towards stocks with valuation support or exposure to structural growth themes as the market enters October. The mix of financial services, energy, and life sciences names also points to a cross-sector approach at a time when index performance remains uneven.