Analysts at JPMorgan have picked a slew of U.S. and global stocks that they say have momentum – expecting their prices to rise over the next 12 months. "The typical definition of Momentum amongst investors is a rising/falling 12M [12-month] trend in stocks prices," the analysts led by Ayub Hanif said in a research note published Oct. 26. Morgan Stanley picked stocks "likely to enter the Momentum basket," including: Media firm Vivendi . The company announced plans to spin off record label Universal Music Group (UMG) in June, which listed on the Euronext Amsterdam in September, valued at 46 billion euros ($53.35 billion). Sixty percent of UMG's shares went to Vivendi shareholders. Coca-Cola . The drinks giant's third-quarter earnings beat analysts' estimates and is seeing a strong recovery post-pandemic according to James Quincey, its chairman and CEO. Drinks company Diageo , which in June became the NFL's first spirits sponsor . German automaker Porsche , which last month said its fully electric model, Taycan, outsold its flagship 911 in the first nine months of the year. Health tech company Siemens Healthineers , a maker of medical-imaging gear, as well as Covid-19 testing kits. Environmental services firm Veolia , whose CEO Claude Laruelle told CNBC that energy price rises will be "positive" for the firm in an October interview . Finnish energy firm Fortum , whose CEO Markus Rauramo told CNBC that the so-called energy transition has been a "great opportunity." Materials firm Saint-Gobain , which has benefited from Europe's post-pandemic renovation market . French mall owner Klepierre , which upped its full-year guidance as rental income neared pre-pandemic levels in the third quarter. Asset manager Eurazeo , whose managing director told CNBC in June that it would be a "banner year" for back-to-school retail. — CNBC's Lora Kolodny and Elliot Smith contributed to this report.
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019.
Temilade Adelaja | Reuters
Analysts at JPMorgan have picked a slew of U.S. and global stocks that they say have momentum – expecting their prices to rise over the next 12 months.