JPMorgan’s October Stock Picks Hint at 3 ETF Trades: Value, AI Power, Health Care
Key takeaways
- JPMorgan’s new picks point to value, power infrastructure, and health care as alternative ETF themes beyond the crowded AI space.
- American Express YTD decline 18%
- Liberty Energy YTD gain 54%
- Thermo Fisher YTD gain 14.3%
What happened
JPMorgan’s October stock‑pick refresh added American Express (AXP), Liberty Energy, and Thermo Fisher Scientific as overweight favorites, signaling a broader ETF play across value, energy, and health care sectors.
Why it matters
The picks move away from the crowded AI names dominating 2026, offering diversified exposure through ETFs that track financials, oil‑services, and health care, potentially capturing upside in cash‑generating value stocks, power‑generation demand, and AI‑driven biopharma.
Short-term and longer-term
Short-term. In the coming weeks, watch the price action of VFH, XLF, OIH, XES, and XLV as they may react to JPMorgan’s endorsement.
Longer-term. Over the next few months, the broader themes of value, power infrastructure, and health care could reshape portfolio allocations.