JPMorgan updated its list of top stock picks for October, adding four lesser-known names. The bank publishes a focus list every month of researchers' top ideas. Nearly all stocks on JPMorgan's list have overweight ratings and fall under near-term, growth or value strategies. On Friday, JPMorgan added four new stocks to the list: mobile marketing platform AppLovin , natural gas company DCP Midstream , biotechnology firm Seagen and aerostructure maker Spirit AeroSystems . Analysts removed oil and gas company PDC Energy , defense contractor Raytheon Technologies and cybersecurity platform Varonis Systems . Take a look at 10 of JPMorgan's top picks for October: JPMorgan is bullish on AppLovin as Apple privacy changes drive app developers and publishers to seek traditional user acquisition channels, according to analyst Alexia Quadrani. "APP still trades at a notable discount to platform enablement peers, a gap which we think can close as it executes on its strategy," Quadrani said. The bank likes Seagen's approved portfolio of cancer drugs as well as earlier stage treatments in the pipeline. "In our view, Seagen's ongoing evolution into a multi-product oncology company provides a diversified base business with the potential for meaningful expansion," analyst Cory Kasimov said. Aside from the new additions, JPMorgan changed its strategy for Dell Technologies to value from near-term. The company's exposure to commercial PCs and the server and storage market make Dell well-positioned going into October, according to analyst Samik Chatterjee. Other returning stocks on JPMorgan's full list include General Motors , Target and Facebook .
AppLovin logo is seen at the company's booth one day before the China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China.
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JPMorgan updated its list of top stock picks for October, adding four lesser-known names.