OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
JP Morgan has identified Meta Platforms (NASDAQ:META) and Spotify Technology (NYSE:SPOT) as strong buys following a 14% pullback in internet stocks since February 19. The broader S&P 500 is down 8% in the same period, but analysts believe these two companies have resilient business models and strong fundamentals to weather economic headwinds.
Meta remains JP Morgan’s top pick, thanks to its leadership in AI and the upcoming launch of Llama4, expected to boost ad revenue and long-term growth. The firm reiterated its Overweight rating and maintained a $725 price target, with 2025 capex projected at $65 billion (+73%) and $76 billion (+18%) for 2026. Analysts expect growth to come from AI-driven ad optimizations, Reels monetization, and Click-to-Message initiatives. Meta's advertising strength remains a key factor, with performance-driven ad spend making up over 80% of its revenue.
Spotify is also a top recommendation, with 14% revenue growth projected for 2025 and 2026. JP Morgan expects gross profit to rise 20%, operating income to jump 47%, and free cash flow to grow 24%, justifying a premium valuation. Analysts believe its investment in Music, Podcasts, Audiobooks, and Video will drive deeper user engagement and higher monetization.
For investors seeking defensive plays, JP Morgan points to Netflix (NASDAQ:NFLX), eBay (NASDAQ:EBAY), and Chewy (NYSE:CHWY). Netflix benefits from strong user engagement and a growing ad-supported tier, while eBay and Chewy thrive on focus categories and non-discretionary sales.
As the market navigates uncertainty, Meta and Spotify stand out for long-term growth potential, while defensive stocks offer stability in a downturn.
