JPMorgan's Australian equities division released its annual 'super seven' list. The list identifies local stocks anticipated to increase by at least 10% in the coming year.
The selection shifts strategically away from energy and retail. It now focuses on materials, industrials, finance, and technology sectors, which the firm believes are set for a rebound.
Jason Steed, JPMorgan's head of Australian equity research, projects the S&P/ASX 200 index will reach 8900 points.
The highlighted companies include slot machine maker Aristocrat Leisure. JPMorgan cites its attractive valuation and expected double-digit earnings growth. Resources giant BHP Group is also featured, valued for its copper exposure.