economy
JPMorgan’s favorite stocks for February
The bank is adding an industrial real estate company and removing some retailers from its monthly list.
TL;DR
- JPMorgan added First Industrial Realty Trust to its list of favorite stocks in February.
- Best Buy, Burlington Stores, and Regency Centers were removed from the list.
- Regency Centers and Best Buy were downgraded to neutral from overweight.
- Boeing and Microsoft remain on the list with reiterated overweight ratings.
- Microsoft's stock experienced a sell-off after its earnings report due to disappointment with cloud services growth.
- JPMorgan sees investment opportunity in Ross Stores.
- The changes come after a volatile month for stocks, including gains in semiconductors and small caps, and pullbacks in precious metals and cryptocurrencies.