J.P. Morgan Says These 2 Stocks Could Surge at Least 30% From Current Levels

In a volatile market environment, with stocks getting buffeted about by a variety of conflicting forces, investors are looking to the expert commentators for some guidance. Covering the macro situation from banking giant JPMorgan, quant strategist Marko Kolanovic believes that we’re in for continued gains in stocks. Kolanovic doesn’t dismiss the recent dips in the S&P 500 and the NASDAQ; rather, he sees them as temporary. Kolanovic points out that we’re approaching the end of Q1 and will soon see the first earnings reports of 2021. He expects that to build momentum for stocks going into the summer, boosting the market indexes and keeping inflation at a steady state with bond yields stabilizing. Kolanovic has set a 4,400 year-end price target for the S&P 500, which suggests ~13% growth in the market’s benchmark index. Taking Kolanovic’s outlook to heart, J.P. Morgan analysts are offering up concrete recommendations, pointing to two names that look compelling. As the firm’s analysts are forecasting at least 30% upside potential for each, we used TipRanks’ database to dig a bit deeper. BorgWarner, Inc. (BWA) The first JPM pick we’re looking at is BorgWarner, a major manufacturer of drivetrain components, especially transmissions and air management systems, which has long been a stalwart