JPMorgan Added Three Stocks to Favorite Ideas List
The firm highlighted American Express, Liberty Energy, and Thermo Fisher Scientific as top stock picks.
Updated on Oct. 5, 2026 in Stock Picks
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JPMorgan has officially added American Express, Liberty Energy, and Thermo Fisher Scientific to its list of favorite stock ideas. The firm assigned an overweight rating to each of these three companies.
Why it matters
Analysts identified specific drivers for these picks, pointing to tight power supplies benefiting Liberty Energy and biopharma reshoring supporting Thermo Fisher. The additions come as market volatility shifted during September, which saw the Dow Jones and S&P 500 post monthly losses.
American Express and Thermo Fisher Scientific closed at $302.78 and $654.80 respectively on October 2. Liberty Energy has surged 52% over the past year, while Thermo Fisher gained over 25% in the last 3 months.
The players
JPMorgan
JPMorgan is a global financial services firm that provides investment banking and asset management services.
American Express
American Express is a financial services corporation known for its credit card, charge card, and traveler's cheque businesses.
Liberty Energy
Liberty Energy is an oilfield services company that provides hydraulic fracturing and related technologies to the energy sector.
Thermo Fisher Scientific
Thermo Fisher Scientific is a supplier of scientific instrumentation, reagents, and software for the healthcare and research industries.
The details
JPMorgan categorizes its overweight-rated selections into distinct strategies including growth, income, and value. The bank expects the current power deficit driving demand for energy suppliers to persist through at least 2030.
Timeline
January: Liberty Energy agreed to supply 1 gigawatt of power to Vantage Data Centers.
September: The Dow Jones lost 4.3%, the S&P 500 fell 0.5%, and the Nasdaq gained 1.9%.
September: Mayo Clinic launched a disease detection venture with Thermo Fisher.
October 2: American Express and Thermo Fisher closed at specific market prices.
2030: The power deficit is projected to continue through this year.
Market Dynamics
These stock additions reflect broader macroeconomic efforts to stabilize infrastructure and domestic supply chains following the Inflation Reduction Act. The pivot toward energy independence and biopharma reshoring aligns with long-term industrial shifts.
Investors may see these ratings as indicators to adjust their portfolio allocations toward energy and healthcare-adjacent sectors. Those tracking these stocks should monitor if the identified power supply and biopharma demand trends meet market expectations.
The takeaway
Maintaining a diversified portfolio during periods of mixed performance in the major indexes requires careful attention to specific industry drivers. Investors should evaluate how long-term supply trends, such as the power deficit, align with their personal financial goals.
Further reading
For more analysis on current market trends and potential growth opportunities, visit the Stock Picks section.
Source note: This article includes information reported by BeInCrypto.
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