/JPMorgan names ‘cheap’ global stocks to buy if the market dips
JPMorgan names ‘cheap’ global stocks to buy if the market dips

JPMorgan names ‘cheap’ global stocks to buy if the market dips

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Wall Street bank JPMorgan has identified “cheap” global stocks to buy as it analyzes whether a not a stock market correction is on the horizon.

Its analysts noted “very strong” stock market performance since the start of the year — with the S&P 500 and pan-European Stoxx 600 indexes at all-time highs — and said the potential for a correction (usually considered to be a fall of at least 10%)  is “mechanically greater.”

Despite acknowledging this potential for a pullback, however, they said they “continue to see any dips as buying opportunities,” and expect to raise their year-end targets for the indexes into the summer.

Here are some of JPMorgan’s top European stock picks: