JPMorgan Quants Warn of ‘Extreme Crowding’ in Speculative Stocks

The latest bout of volatility in US equity markets highlights a risk that strategists at JPMorgan Chase & Co. have been warning about: “extreme crowding” in stocks that have rallied hard this year. The bank has a list of six stocks it considers speculative growth plays and warned that they are “vulnerable to a reversal” in the event of any major macro event. The list includes Broadcom Inc., Advanced Micro Devices Inc., Expedia Group Inc., Estee Lauder Cos Inc., Invesco Ltd. and Nucor Corp. Most Read fro ...