The S&P 500 is up 10% year-to-date, supported by strong Q2 earnings and optimism for a Federal Reserve rate cut. JPMorgan sees high single-digit returns over the next 12 months, with financials, utilities, and technology expected to outperform, especially in tech due to AI investments and ongoing capital expenditures.

One stock JPMorgan analysts are bullish on is SailPoint (SAIL), a cybersecurity company specializing in identity security. SailPoint serves half of the Fortune 500 list and offers a cloud-based platform powered by AI, making it a leader in the industry. Despite a recent stock decline, analysts see significant growth potential.

Another JPM pick is Capri Holdings (CPRI), a luxury retail company known for brands like Michael Kors, Jimmy Choo, and Versace. Capri is streamlining its operations to focus on Kors and Choo, with a strong emphasis on high-end fashion products. Analysts anticipate multi-year growth, particularly with a reinvigorated Michael Kors brand.

Capri recently entered an agreement to sell the Versace brand, allowing a concentrated focus on its core brands. The company’s last quarterly report showed revenue exceeding expectations, with a strategic focus on product improvement and marketing initiatives driving growth. JPM analyst Matthew Boss gives CPRI an Overweight rating with a price target implying a 46% upside potential.

Read more at Yahoo Finance: JPMorgan Makes a Move on These 2 Stocks