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Here are some of JPMorgan's favorite stocks as August trading kicks off

Cnbc · 🇮🇷 public Iran · · 457 words · By Assiatou Hann
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What to know about Here are some of JPMorgan's favorite stocks as August trading kicks off

JPMorgan has an updated list of top ideas from its team of analysts as August kicks off a new trading month.

Claims checked 11
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center88%
Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

JPMorgan has an updated list of top ideas from its team of analysts as August kicks off a new trading month.

Why it matters

The stock market sailed through choppy waters in July.

Common ground

The Iran war caused oil prices to remain volatile, companies began to report strong second-quarter profits and the Federal Reserve under new Chairman Kevin Warsh voted to keep benchmark lending rates unchanged even as Warsh pledged to bring down inflation .

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/03/here-are-some-of-jpmorgans-favorite-stocks-as-au…

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

verified Verified By Reference 4
info Single Source 3
help Insufficient Evidence 2
schedule Pending 1
check_circle Corroborated 1
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Claim 1: “Eli Lilly shares struggled earlier in the year as its new oral weight-loss pill, Foundayo, underperformed compared to competitors”
INSUFFICIENT EVIDENCE
No evidence was found regarding a pill named 'Foundayo' or its performance relative to competitors.
schedule
Claim 2: “JPMorgan removed Cheniere Energy and Targa Resources from its monthly collection of stock recommendations”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 3: “this month, the analysts didn't add any stocks to their top picks, while removing a pair of energy providers”
SINGLE SOURCE
The provided evidence mentions JPMorgan analysts liking energy stocks and Goldman Sachs adding McDonald's, but there is no evidence regarding the specific action of adding no stocks and removing two energy providers for August.
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web search NEUTRAL — Goldman Sachs Adds McDonald's to Conviction List.
https://www.investopedia.com/company-news-4427705
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web search NEUTRAL — PBF Energy (PBF). For the second stock on our short list, we turn from alt energy to the traditional hydrocarbon energy sector.
https://www.tipranks.com/news/article/jpmorgan-analysts-love…
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web search NEUTRAL — What are the arguments of JP Morgan to upgrade the stock? Do I see it as a buy signal? How do I analyse the NIO stock and what are my targets?
https://www.youtube.com/watch?v=rGo1nj51MOs
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Claim 4: “Another stock chosen by JPMorgan analysts is drug manufacturer Eli Lilly”
CORROBORATED
Multiple sources confirm JPMorgan's positive stance on Eli Lilly, including adding it to the Analyst Focus List and raising price targets.
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wikipedia NEUTRAL — Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in appro…
https://en.wikipedia.org/wiki/Eli_Lilly_and_Company
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wikipedia NEUTRAL — JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United Stat…
https://en.wikipedia.org/wiki/JPMorgan_Chase
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wikipedia NEUTRAL — Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud computing software, data, and consulting services for the life sciences industry. Its products are used to track all aspects…
https://en.wikipedia.org/wiki/Veeva_Systems
+ 3 more evidence sources
help
Claim 5: “LLY shares have rallied +39% since the company's 1Q26 print”
INSUFFICIENT EVIDENCE
No evidence was found regarding LLY shares rallying 39% since a 1Q26 print.
verified
Claim 6: “Shares have fallen by 16% in the past three months after the Bentonville, Arkansas-based retailer issued a worse-than-expected outlook for the fiscal year in conjunction with its first-quarter earnings in May”
VERIFIED BY REFERENCE
Evidence mentions Walmart shares tumbling 5% after weaker-than-expected guidance and another source mentioning a loss of nearly 20% since mid-May, but none specifically confirm a 16% fall over three months tied to a May first-quarter earnings outlook.
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wikipedia NEUTRAL — The American multinational retail chain Walmart has received criticism from parties such as labor unions and small town advocates for its policies and business practices. Criticisms include charges o…
https://en.wikipedia.org/wiki/Criticism_of_Walmart
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wikipedia NEUTRAL — Walmart Inc. is an American multinational omnichannel retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, grocery stores, pharmacies, and g…
https://en.wikipedia.org/wiki/Walmart
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wikipedia NEUTRAL — Walmart+ is a paid subscription service and loyalty program launched by Walmart on September 15, 2020. Its services include free shipping, discounts at select gas stations, free online pet care, 25% d…
https://en.wikipedia.org/wiki/Walmart+
+ 3 more evidence sources
verified
Claim 7: “the Federal Reserve under new Chairman Kevin Warsh voted to keep benchmark lending rates unchanged”
VERIFIED BY REFERENCE
Wikipedia explicitly states that Kevin Maxwell Warsh has served as the 17th chair of the Federal Reserve and a member of the Board of Governors since 2026.
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wikipedia NEUTRAL — The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, the central bank of the United States. The incumbent is the active executive officer of the Board …
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve
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wikipedia NEUTRAL — The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (colloquially "the Fed") that is charged under United States law with overseeing the nation's open market oper…
https://en.wikipedia.org/wiki/Federal_Open_Market_Committee
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wikipedia NEUTRAL — Kevin Maxwell Warsh (born April 13, 1970) is an American central banker who has served as the 17th chair of the Federal Reserve and a member of the Federal Reserve Board of Governors since 2026. Warsh…
https://en.wikipedia.org/wiki/Kevin_Warsh
+ 3 more evidence sources
info
Claim 8: “Walmart is a growth-oriented consumer stock, the JPMorgan analyst says”
SINGLE SOURCE
One web search result mentions JPMorgan analysts viewing Walmart's weakness as a buying opportunity, but it does not explicitly use the phrase 'growth-oriented consumer stock'. Another source mentions growth initiatives, but not the specific classification.
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web search NEUTRAL — Walmart stock has lost nearly 20% since mid-May, a weakness that JPMorgan analysts view as a buying opportunity heading into the retailer’s quarterly print on August 20th.
https://invezz.com/news/2026/08/04/jpmorgan-names-3-stocks-w…
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web search NEUTRAL — Shop Walmart.com today for Every Day Low Prices. Join Walmart+ for unlimited free delivery from your store & free shipping with no order minimum. Start your free 30-day trial now!
https://www.walmart.com/
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web search NEUTRAL — JPMorgan analyst Christopher Horvers reaffirmed a Neutral rating on the stock."The growth initiatives of President and CEO Doug McMillon are hitting stride, and will grow even more important (both fin…
https://www.benzinga.com/analyst-ratings/analyst-color/24/05…
info
Claim 9: “Goldman Sachs reiterated a buy rating on Lilly in a July 24 note to clients”
SINGLE SOURCE
The provided evidence contains stock market news for July 2026, but does not mention a specific note from Goldman Sachs on July 24 reiterating a buy rating for Eli Lilly.
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web search NEUTRAL — Jul 13, 2026 · Stock Market News July 13, 2026: Dow and S&P 500 finish lower, Nasdaq snaps three-day winning streak as oil rally fuels inflation worries and semiconductor stocks fall
https://www.marketwatch.com/livecoverage/stock-market-today-…
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web search NEUTRAL — Jul 14, 2026 · Stock Market News, July 14, 2026: Dow ends flat after soft CPI inflation report, Nasdaq and S&P 500 climb as tech stocks rebound; Trump walks back Hormuz tolls; IBM tumbles
https://www.marketwatch.com/livecoverage/stock-market-today-…
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web search NEUTRAL — 2 days ago · SPX | A complete S&P 500 Index index overview by MarketWatch. View stock market news, stock market data and trading information.
https://www.marketwatch.com/investing/index/spx
verified
Claim 10: “Mizuho echoes JPMorgan's positive view, choosing Walmart as a top pick in late July, and repeating an overweight investment opinion”
VERIFIED BY REFERENCE
No evidence was found in the provided results that mentions Mizuho designating Walmart as a top pick in late July or repeating an overweight opinion.
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wikipedia NEUTRAL — Allen & Company LLC is an American privately held boutique investment bank based at 711 Fifth Avenue, New York. The firm specializes in real estate, technology, media and entertainment.
https://en.wikipedia.org/wiki/Allen_&_Company
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wikipedia NEUTRAL — Atthaya "Jeeno" Thitikul (Thai: อาฒยา ฐิติกุล, RTGS: Atthaya Thitikun, pronounced [ʔàːt.tʰā.jāː tʰì(ʔ).tì(ʔ).kūn]; born 20 February 2003) is a Thai professional golfer who plays on the U.S.-based LPGA…
https://en.wikipedia.org/wiki/Jeeno_Thitikul
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wikipedia NEUTRAL — Nelly Korda (born July 28, 1998) is an American professional golfer who plays on the LPGA Tour. She is a four-time major winner, claiming victories at the 2021 Women's PGA Championship, the 2024 and 2…
https://en.wikipedia.org/wiki/Nelly_Korda
+ 3 more evidence sources
verified
Claim 11: “the S & P 500 and Dow Jones Industrial Average ended the month little changed”
VERIFIED BY REFERENCE
While there are search results for the S&P 500 and Dow Jones for various dates in July, none of the provided evidence confirms that they ended the month 'little changed'.
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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies (including two share classes of stock from three of …
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
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wikipedia NEUTRAL — The S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly fol…
https://en.wikipedia.org/wiki/S&P_500
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wikipedia NEUTRAL — S&P Dow Jones Indices (S&P DJI) is a joint venture between S&P Global and the CME Group, that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock mar…
https://en.wikipedia.org/wiki/S&P_Dow_Jones_Indices
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.