Canadian Research Monitor: Research Highlights: Week of July 20 - July 24

研报英文原文证据摘录

Canadian Research Monitor: Research Highlights: Week of July 20 - July 24

J P M O R G A N North America Equity Research

27 July 2026

Canadian Research Monitor

Research Highlights: Week of July 20 - July 24

Discover key market insights, highlighted stories, initiations, rating changes, our

Analyst Focus List and Catalyst Watch, all designed to guide your investment

decisions.

Clean Energy & Power Infrastructure

Volatility Creates Entry Points; Top Picks into the 2Q Print Are GEV, INIO,

MWH, and NXT - Mark Strouse, CFA, 21-July-2026 Head of North America Equity

Heading into the 2Q print, we expect generally positive updates from most subsectors Research

under coverage including gas turbines, recip engines, fuel cells, BESS, geothermal, Ken Goldman AC

and utility-scale solar. (1-212) 622-0359

ken.goldman@jpmorgan.com

Shopify Head of North America Equity

Expecting Upside to Guidance into 2Q Earnings; Focus on Growth Vectors, Research Product Mangement

Gross Margins, Token Costs, & AI Leadership; Reit OW & Adding to Analyst William Funke

Focus List - Bryan M. Smilek, 22-July-2026 (1-212) 622-2597

We’re bullish on Shopify shares & expect upside to guidance into 2Q26 earnings on william.c.funke@jpmorgan.com

J.P. Morgan Securities LLC

Wednesday, 8/5. SHOP shares are +29% off May lows (vs. SPX +1%) & investor

sentiment is improving across GMV/Revenue growth trajectory, Gross Margin &

token implications, & SHOP’s broader AI strategy.

Ovintiv Inc

Canadian Index Catalyst Could Provide Technical Tailwind For the Stock -

Arun Jayaram, 24-July-2026

JPM View. OVV shares have outperformed its E&P peers significantly on a YTD

basis, which we believe has been driven by solid performance in the field and the

company's portfolio optimization efforts (+18% vs. XOP YTD).