JPMorgan Chase added a key data safety inventory to its checklist of favourite inventory picks for December and parted with three names, together with HP , from November . The agency added CyberArk to its Analyst Focus Record, in addition to biopharmaceutical agency Cytokinetics . The JPMorgan checklist covers its greatest inventory concepts that match into three classes: progress, worth and brief funding concepts. JPMorgan dropped private pc and printer firm HP from the November checklist, in addition to auto providers agency Pushed Manufacturers and cybersecurity supplier Palo Alto Networks . Head of North American fairness analysis Nicholas Rosato Jr. famous that Pushed Manufacturers’ “execution issues” in addition to macroeconomic headwinds underpinned its elimination from the Analyst Focus checklist, whereas HP will possible now yield much less upside as a result of a slower “pace of PC recovery given caution amongst commercial customers.” Listed below are among the different prime picks on the JPMorgan checklist. Rosato Jr. added that whereas JPMorgan stays chubby rated on Palo Alto Networks, he sees “signs of incremental risk emerging while valuation remains elevated compared to peers.” Of the newcomers to the checklist, Rosato Jr. highlighted rising demand for CyberArk as nicely an improved aggressive setting. CYBR YTD mountain CyberArk inventory. Cytokinetics is rated chubby at JPMorgan, and is predicted to be a robust inventory heading into the final month of 2023 as a result of forthcoming outcomes from its SEQUOIA-HCM trial. CYTK YTD mountain Cytokinetics inventory. Different names on the checklist embody McDonald’s and on-line sports activities playing firm DraftKings . — CNBC’s Michael Bloom contributed reporting.