🫵 JPM’s February Stock Picks

Plus, is SoHo House the new WeWork?

Happy Wednesday afternoon to everyone on The Street. Here's a snapshot of where markets ended the trading session, plus tomorrow's trade idea delivered to you today.

  • 🟩 | US stocks rose Wednesday, with the S&P 500 inching closer to 5,000 on strong earnings and economic signals.

  • 📈 | One Notable Gainer: Roblox's stock surged 10% after reporting a 52 cents per share loss, beating the 55 cents loss expected by analysts.

  • 📉 | One Notable Decliner: Snap's shares fell 35% after poor Q4 results and future guidance. It was the third-worst session ever for the social media company.

  • 🫵 | Tomorrow's Trade: JPM’s February Stock Picks. Scroll down for more.


🟩🟩🟩🟩🟩🟩 🐂 Bullish

🟨🟨🟨⬜️⬜️⬜️ 🐻 Bearish

S&P 500 Heatmap. Credit: Finviz

All stocks on US exchanges. Credit: Finviz

Global ADR snapshot. Credit: Finviz


NYCB: New York Community Bank's shares fell 6.6% after Moody’s downgraded its credit ratings to junk late Tuesday.

ENPH: Enphase Energy's stock jumped almost 17% following comments by CEO Badri Kothandaraman, suggesting the solar market might bottom out in Q1 before starting to recover.

BABA: Alibaba's U.S.-listed shares fell 5.8% after its fiscal Q3 revenue of 260.35 billion yuan ($36.6 billion) missed estimates of 262.07 billion yuan.

NYT: New York Times' shares dropped over 7% due to a Q4 revenue miss, despite gaining 300,000 net digital-only subscribers. Advertising revenues fell short of company expectations.

FUBO: FuboTV's shares plunged over 22% following the announcement of the Warner Bros. Discovery, Fox, and Disney deal.



Axios: Toyota is anticipating a record annual profit exceeding $30 billion by the end of its fiscal year in March, highlighting the success of its focus on gas-hybrid over fully electric vehicles.

Forbes: Billionaire investor Bill Ackman plans to take Pershing Square Capital Management firm to the New York Stock Exchange as a new hedge fund for U.S. retail investors with no minimum investment.

CNBC: Disney reported higher-than-anticipated Q1 earnings, cutting costs amid stable revenue, and raised its 2024 earnings forecast to around $4.60 per share, at least 20% above 2023. Additionally, Disney is investing $1.5 billion for an equity stake in Epic Games.

Reuters: Nvidia's 40% jump in 2024 boosted its market cap to $1.715 trillion, nearing Amazon's $1.767 trillion and Alphabet's $1.812 trillion values, within 3% and 6% respectively, as of Wednesday mid-day trading.

Bloomberg: Soho House, the members-only club chain for the creative industry, has plummeted in value after GlassHouse Research, a short seller, initiated coverage with a $0 price target, drawing comparisons to the failed coworking company WeWork.


Invest Stock Market GIF

Rolling Into February

JPMorgan came out with a list of stocks it’s bullish on in February. The list is known as the Analyst Focus List, and it’s updated monthly. 

January was a good month for the market, with all three major indexes up more than 1%. Analysts and investors are watching to see If the market continues this upward trend.

Some New Faces

February newcomers to the list include Cars.com (CARS), Insulet (PODD), Intuitive Surgical (ISRG), and Prologis (PLD).

According to analysts, Cars.com is in the midst of a favorable cycle, and it’s currently trading at a discount. The stock was up 37% in 2023, but it’s down more than 3% this year. An average price target for the stock gives it a 27% upside for the year. 

Insulet is a major player in the insulin pump space. The stock is down 10% this year. Its average price targets give it an upside of 21%. Intuitive Surgical and Prologis aren’t far behind, with 7.4% and 13% upsides, respectively. 


Some bigger names will stay on the Analyst Focus List for February. These companies include Caterpillar (CAT), McDonalds (MCD), and Amazon (AMZN). 

JPMorgan analysts include Caterpillar on the list even with a decline of 13% predicted for the stock. McDonalds and Amazon are predicted to rise 13.4% and 20.5%, respectively. 

This list provides investors with ideas for stocks to add to their portfolio in February and beyond.

Which newcomer do you think will outperform in February?

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Reuters: A major German landlord told Reuters home prices might drop 30% from their 2022 peak, a stark view on risks to Europe's biggest economy.

The Information: Apple has developed at least two prototypes of its bestselling smartphone that folds like a clamshell.

Bloomberg: Fed's Kashkari suggested 2-3 rate cuts would be appropriate in 2024.

AB: In December, grocery inflation was only 1.3%, significantly lower than the 5.2% inflation for eating out, leading budget-conscious consumers to prefer home-cooked meals.

CNBC: If current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years.

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