U.S. Analyst Focus List

Research evidence excerpt

J P M O R G A N

North America Equity Research

10 August 2026

U.S. Analyst Focus List

Current Snapshot (10-AUG-26)

Head of North America Equity

Research

Ken Goldman AC

(1-212) 622-0359

Each month, we ask our equity analysts to share their top ideas aligned with

the following investment strategies: growth, income, value, and short ideas.

The investment ideas we provide are tailored to these specific strategies and may

differ from J.P. Morgan’s fundamental ratings. For further details on a company’s

investment thesis, rationale for the price target, and associated risks, please refer

to the analyst’s most recent published company research note on J.P. Morgan

Markets.

Please note that the Analyst Focus List is not a model portfolio. The monthly

publication is a complete refresh, replacing previous editions; therefore, prior

ideas should no longer be relied upon.

Mid-month additions and removals. (1) New ideas can be added mid-month,

with analysts publishing the rationale for all mid-month changes in a research note;

(2) stocks may be removed mid-month if a valuation target has been largely or

wholly achieved, or if the original rationale is deemed no longer valid; and (3) if

a stock is placed under research restriction, J.P. Morgan may remove it from the

AFL in accordance with applicable law and/or J.P. Morgan policy without further

notice. Click here to view the latest snapshot of the Analyst Focus List or here to

view the latest monthly publication.

Performance in the tables below indicates absolute performance and

performance relative to the S&P 500. Total returns exclude commissions. Past

results are not indicative of future performance.

If you have questions regarding stocks on the Analyst Focus List, please contact

your salesperson or the covering analyst. Additional information is available upon

request.