J.P. Morgan like FB for 2017 in report issued yesterday
"It’s early December and that means aside from hearing Christmas songs nonstop already, Wall Street banks are publishing lists of their top stock picks for the new year. JPMorgan ’s report for 2017, published Thursday, predicts the Standard & Poor’s 500 index will hit 2400, for a rise of more than 9%. Investors will enjoy better earnings growth, but must also contend with rising interest rates and a stronger dollar. Health care, financials, energy and materials should outperform, with some exceptions, while staples and real estate investment trusts are to be avoided.
Among more than 50 top picks offered are three predicted to gain more than 50% in the coming year: Jazz Pharmaceuticals (ticker: JAZZ), seen rising 86% from recent levels; TPI Composites (TPIC), 72%; and Facebook (FB), 52%. Other notable favorites include Goodyear Tire & Rubber (GT), with 39% upside; Broadcom (AVGO), 34% and Eli Lilly (LLY), 29%." (Barron's)