Meta and Amazon Rise 5% as JPMorgan Names Them Top Internet Picks; Alphabet Gains 3% Despite Losing Its Spot

Meta and Amazon Rise 5% as JPMorgan Names Them Top Internet Picks; Alphabet Gains 3% Despite Losing Its Spot

JPMorgan just reshuffled its favorite internet stocks, and one household name got cut yet still rallied. Find out which rival Meta displaced, why analysts say its ad engine is outrunning Google Search, and what could still derail the rotation.

Meta Stock Jumps 5.12% as JPMorgan Picks It Over Alphabet

Meta Platforms closed Monday, November 9, at $641.37, up 5.12%, after JPMorgan analyst Doug Anmuth added the stock to his Analyst Focus List in place of Alphabet, according to a report on the bank’s note. The move is a change in preference, not a downgrade: Anmuth kept an Overweight rating on Alphabet, while naming Meta and Amazon as his preferred internet stocks. JPMorgan is ranking near-term monetization Anmuth said Meta’s “relative advertisin…

JPMorgan Just Removed Alphabet From Its Analyst Focus List

The post JPMorgan Just Removed Alphabet From Its Analyst Focus List appeared first on 24/7 Wall St.. JPMorgan (NYSE:JPM) removed Alphabet (NASDAQ:GOOG) from its Analyst Focus List but kept its Overweight rating on the stock. The firm pointed to slower AI search monetization and heavy AI…

Amazon Stock Climbs 3.5% After JPMorgan Names It a Top AI Pick, Citing Faster AWS Growth and $1 Trillion Goal

Amazon shares gained 3.5% after JPMorgan named the company a top artificial intelligence pick, citing expected AWS growth and improving returns on cloud and AI investment.