JPMorgan adds American Express, Thermo Fisher and Liberty Energy to October favorites
JPMorgan added five stocks to its October list of Overweight-rated ideas, including American Express as a value selection and Thermo Fisher Scientific and Liberty Energy as growth selections. The bank's Richard Shane cited American Express's returns and capital distributions, while Casey Woodring pointed to AI adoption and U.S. biopharma reshoring for Thermo Fisher. Arun Jayaram said rising data-center electricity needs support demand for Liberty Energy's distributed power offerings.
Why it matters
JPMorgan's selections put the three companies in different investment-style categories while linking Thermo Fisher and Liberty Energy to AI-related demand. The bank says American Express offers disciplined shareholder distributions, and its analysts see sector-specific catalysts for the two growth picks.
Key facts
- 1JPMorgan added five names to its October list of Overweight-rated stocks. cnbc.com
- 2American Express was added to JPMorgan's value category, while Thermo Fisher Scientific and Liberty Energy were identified as growth ideas. cnbc.com
- 3Richard Shane wrote that American Express returns capital through dividends and repurchases of 3% of shares year after year. cnbc.com
- 4Casey Woodring cited wider AI adoption and the U.S. biopharma reshoring plan as drivers for Thermo Fisher Scientific. cnbc.com
- 5Arun Jayaram said a data-center-related power deficit is expected to last into 2030. cnbc.com
Open questions
- The identities of the other two stocks JPMorgan added were not disclosed in the materials.
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.