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According to the J.P. Morgan analyst Doug Anmuth, e-commerce and subscription-based names are preferable to online advertising, given a reacceleration of growth, and “an overall more favorable operating environment.” Also, the analyst prefers companies with “strong profitability & reasonable valuation given the rising interest rate environment.”
The investment bank is bullish about Uber Technologies, Inc. (NYSE:UBER), Spotify Technology S.A. (SPOT), and Twitter, Inc. (TWTR). Therefore, we think these stocks could be good additions to your watchlist.
