Despite the major indexes trading near their all-time highs, there are still plenty of stocks that JPMorgan is bearish on in the coming quarter.
Against this backdrop, JPMorgan surveyed its analysts for their top short ideas, or stocks that might underperform going into the fourth quarter.
Shares have risen 9% in 2024, leading to what JPMorgan analyst Michael Rehaut believes is an expensive valuation.
JPMorgan analyst Kenneth Goldman also has an underweight rating on Beyond Meat .
"Plant-based meat continues to struggle as the fad fades," the analyst wrote.
Persons:
Stocks, Stanley Black, Decker, Michael Rehaut, Kenneth Goldman, Stephen Tusa, Mark Strouse
Organizations:
JPMorgan, Federal, Traders, Rockwell Automation, ROK, FuelCell Energy
Locations:
—, underinvestment