JPMorgan recommends buying Meta and Netflix stocks

JPMorgan has identified some attractive internet stocks to consider buying after a recent market decline. The stock market has faced challenges this year, particularly affecting technology companies. The S&P 500 fell into correction territory last week, and the Nasdaq Composite remains down more than 10% from its recent peak. One stock that stands out is Meta, the parent company of Facebook. JPMorgan analyst Doug Anmuth has given it an "overweight" rating and predicts a 25% increase in its share price. Meta is expected to benefit from its advancements in artificial intelligence and plans for new products that could boost revenue in 2025. Another recommendation is Spotify, which has also performed well with more than a 27% increase this year. Anmuth expects the company to enhance its music and audio content offerings, leading to better user engagement and monetization. For investors looking for safety in this uncertain market, JPMorgan suggests considering Netflix, eBay, and Chewy. Netflix has shown moderate gains this year and may adapt well to economic changes. eBay is seen as a stable choice due to its focus on pre-owned items, which carry lower supply chain risks. Chewy, while down slightly this year, is also included in the defensive recommendations.