JPMorgan says these are the stocks to buy on the pullback, including some set to gain 50% or more

Published Wed, Mar 16 20222:35 PM EDTUpdated Wed, Mar 16 20225:51 PM EDT

Jesse Pound @/in/jesse-pound @jesserpound

There are many stocks, including some of the market's biggest companies, that could be poised for a double-digit rebound after a rough start to 2022, according to JPMorgan. Stocks have been volatile in recent weeks, seeing major upswings as well as widespread sell-offs. The overall trend has been downward, however, and the S & P 500 closed 11.5% below its record high on Tuesday. While there are several macro factors, including inflation and the war in Ukraine, that have hurt the market, sometimes solid stocks can be temporarily derailed by a broader market decline before rebounding. JPMorgan polled its equity analysts for their top overweight-rated stock ideas with big upsides to their target prices. All the names on the list below were down year-to-date as of Tuesday's close. The list includes several tech sector names, including stalwarts such as Amazon and Netflix . The streaming video giant has taken a beating over the past two-and-a-half months. Netflix finished December above $600 per share and was trading near $350 on Wednesday morning. The prospect of higher interest rates has hurt growth stocks generally, as the higher cost of capital makes future profits less attractive to investors. Concerns about subscriber growth have also weighed on Netflix in particular. A smaller tech stock on the list is AppLovin . The software stock, which went public last year , is down roughly 50% in 2022, but JPMorgan's analyst says the stock can more than double from here. AppLovin did turn a profit last year, setting itself apart from many of the other software names that have seen dramatic declines in their stock price. With interest rates expected to rise, bank stocks could be do for a bounce if concerns about economic growth ease. First Republic Bank is one of JPMorgan's top names in the space, with upside of nearly 50% to the firm's target price. Another stock that could have some tailwinds later this year is Alaska Air Group . The airline stock has fallen back below its prepandemic levels this year but could benefit from a continued recovery in domestic travel. JPMorgan's price target shows 91% upside for Alaska Air. — CNBC's Michael Bloom contributed to this report.

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.

VCG | Visual China Group | Getty Images

There are many stocks, including some of the market's biggest companies, that could be poised for a double-digit rebound after a rough start to 2022, according to JPMorgan.