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2 Reopening Recovery Stocks to Add to Your Portfolio, According to JPMorgan


2 Reopening Recovery Stocks to Add to Your Portfolio, According to JPMorgan

With the reopening of the economy, several companies are witnessing a solid recovery. Among others, dating service providers are seeing increasing users on their platforms. As a result, investment bank JPMorgan (NYSE:JPM) is bullish on Match Group (NASDAQ:MTCH) and Bumble (BMBL).The supply chain disruptions and high crude oil prices have widened inflation risks. The consumer price index rose 6.8% in November, and it could increase further. On the other hand, the Federal Reserve doubled the taper rate and expects three rate hikes next year.

The possible impact of rising omicron COVID-19 cases on the economic recovery could lead to further market volatility. However, JPMorgan analyst Doug Anmuth recently said e-commerce and subscription-based names are preferred, given easing comps, a reacceleration of growth, and an overall more favorable operating environment.

Anmuth’s favorite small and midcap internet picks are Match Group, Inc. (MTCH) and Bumble Inc. (BMBL). He expects both stocks to rally in 2022 as the economy continues to recover.

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