JP Morgan ‘Amazon, Meta, Netflix’ Stocks to Watch Out for in 2022

U.S. investment bank JP Morgan has analyzed that stock prices of U.S. IT companies will rise by more than 25% by the end of next year. On December 5 (local time), US economic media CNBC reported that JP Morgan analyst Doug Anmuth recommended Amazon, Meta, Netflix, Twitter, Uber, and Peloton as stocks to watch for next year in a memo sent to investors at the end of last month.

Anmus predicted that companies such as Amazon and Meta continue to invest in long-term opportunities, and using this as a stepping stone, growth will continue next year. “Next year, Internet companies and big tech companies will make a good move,” he said. “Investors should pay attention to Amazon, Meta, Netflix, Twitter, Uber, and Peloton.”

Anmus picked Amazon as his top pick and said, “Amazon is the most diversified mega cap in terms of revenue and profit. “Amazon is well positioned in terms of future growth as the industrial environment shifts and the investment cycle accelerates,” he said.

The outlook for the meta, which has changed its name from Facebook, is also positive. “Meta has shown solid growth in advertising this year, and new features on social media platforms, such as Instagram’s release, will drive sales,” said Anmus. looked forward

As an OTT company Netflix, it is expected to grow more than 25% by the end of next year. As OTT platforms, including Netflix, switched to subscription services due to the corona pandemic, the trend of consumers moving to subscription services would continue.

 

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JP Morgan 'Amazon, Meta, Netflix' Stocks to Watch Out for in 2022

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