The S 500 advanced 24% last year. Those gains were driven in large part by stronger-than-expected economic expansion and excitement about artificial intelligence. An analyst at JPMorgan Chase (NYSE: JPM), a leader in investment banking revenue, believes those tailwinds will carry some stocks higher this year. Specifically, investors will likely focus on solid growth, proven profitability, and reasonable valuations, given the lingering risk of recession.

Building on that framework, JPMorgan selected Amazon (NASDAQ: AMZN) and (NASDAQ: GOOGL) (NASDAQ: GOOG) as top picks in 2024. The investment bank stands behind those recommendations. It had nearly $40 billion invested between Amazon and Alphabet as of September, representing 4.4% of its portfolio.

Here's what investors should know.

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Source Fool.com