U.S. Analyst Focus List: Current Snapshot (21-OCT-26)

Each month J.P. Morgan asks its equity analysts to share their top ideas aligned with four investment strategies: growth, income, value and short ideas. The ideas are tailored to those strategies and may differ from J.P. Morgan's fundamental ratings. The Analyst Focus List is not a model portfolio; the monthly publication is a complete refresh that replaces previous editions, and ideas may be added or removed mid-month. This 21 October 2026 snapshot covers Healthcare, Materials, Media & Telecom and Technology names, nearly all rated Overweight, and shows focus-list add dates and prices, closing prices as of 20 October 2026, price targets with end dates (mostly Dec-27), upside to target, and absolute and S&P 500-relative total returns. Additions over the last four weeks include Rhythm Pharmaceuticals (Value), Williams, Liberty Energy, American Express, Macerich, Danaher and Thermo Fisher (Growth);