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3 FAANG Stocks JPMorgan Loves for 2022 -Breaking

by Mike Robinson

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© Reuters. JPMorgan Loves 3 FAANG Stocks in 2022

The stock market has been volatile as COVID-19 omicron-variant-fueled pessimism reigns. JPMorgan (JPM), however expects FAANG stocks Amazon, Meta Platforms and Netflix to rise in value in 2022. Continue reading. The stock market volatility has been a result of concerns about the rapid spread of the omicron COVID-19 variant. The U.S. Centers for Disease Control and Prevention report that the omicron variation now represents 73% of all U.S. coronavirus infection cases. In addition, Sen. Joe Manchin, a conservative Democrat, said on December 19 that he wouldn’t support the Biden administration’s ‘Build Back Better’ plan, dashing investor hopes surrounding the bill.

However, according to a FactSet report, the S&P 500 will close at or above 5,000 by 2022. This backdrop suggests that it might be a smart investment to make in FAANG stocks because of their market dominance as well as stable growth. According to a Seeking Alpha article, JPMorgan Chase & Co. (NYSE:) analyst Doug Anmuth said in a note to investors on December 15 that e-commerce and subscription-based names are preferable to online advertising, given the reacceleration of growth, and “an overall more favorable operating environment.”

JPM lists the most popular internet stocks for 2022 among FAANG members Amazon.com, Inc., Meta Platforms, Inc., and Netflix, Inc. These stocks could make a good addition to your watchlist.

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