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JPMorgan Reveals Top Stock Picks for October: Growth, Value, and Income Opportunities
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CNBC TV18•05-10-2026, 06:54
JPMorgan Reveals Top Stock Picks for October: Growth, Value, and Income Opportunities
- •JPMorgan has released its updated list of favorite investment ideas for October, including five new additions.
- •The market experienced a mixed September, with the S&P 500 and Dow lower, while the Nasdaq Composite rose 1.9%.
- •American Express is highlighted as a value play, despite an 18% year-to-date drop, due to its strong value proposition and consistent capital return.
- •Liberty Energy is identified as a growth play, with shares up 52% over the past year, poised for further gains driven by the AI boom and data center load growth.
- •Thermo Fisher Scientific is another growth pick, with shares up over 25% in three months, benefiting from a strong outlook, Mayo Clinic partnership, AI adoption, and biopharma reshoring.
Key Questions Answered
JPMorgan added five new names to its overweight-rated stock list for October, including American Express, Thermo Fisher Scientific, and Liberty Energy.
American Express was added as a value play because it remains a core holding offering industry-leading high returns and disciplined capital returns, despite its shares being down 18% year-to-date amid macroeconomic uncertainty.
Liberty Energy benefits from a structurally tight behind-the-meter power backdrop tied to data center load growth and a power deficit expected to persist into 2030, creating a multi-year demand runway for distributed generation providers.
