JPMorgan Picks Amazon and Google as Top Stocks for 2024

JPMorgan has named Amazon and Google as its "top picks" for stocks in 2024, expecting both companies to outperform again. The analyst team believes that Amazon will benefit from resilient consumer spending and accelerating revenue growth in its cloud computing unit, Amazon Web Services (AWS), fueled by new workload deployment and generative AI investments. Google is seen as having improving ad growth, increasing margins, and a new AI push with its Gemini Ultra model. Other top picks for 2024 include Uber, Match, VIZIO, and EverQuote.