JPMorgan has doubled down on its bet on Australia’s technology sector and is bullish on the prospects for property trusts, healthcare and consumer discretionary stocks this year, steering investors away from the big four banks.
The broker’s newly released 2025 Australia outlook increased its “overweight” in tech stocks by adding to holdings in NextDC and Xero. Its deepest “underweight” is in bank shares despite the firm missing out on last year’s blistering rally.
Source: https://www.afr.com/markets/equity-markets/jpmorgan-reveals-its-super-seven-asx-stocks-for-2025-20250128-p5l7w1