JPMorgan's October Picks: Amazon $265 Target, GM $80 and Carvana After 90% Rally

JPMorgan (NYSE: JPM) updated its monthly analyst focus list as October got underway, and the lineup mixes household names with a high-flying online car seller.

The backdrop: the S&P 500 popped about 3.5% in September - an unusual rebound after a chunk of the year's volatility - helped along by a Federal Reserve rate cut and data that showed the economy still chugging despite some cooling signs. Against that environment, JPMorgan's picks read like a cross-section of durable tech, cyclical auto exposure and housing and semiconductors.

Amazon (NASDAQ: AMZN) is on the list. It's the laggard of the so-called Magnificent Seven year-to-date, up only roughly 1% through midweek, yet the shares have climbed more than 15% over the last six months. JPMorgan analyst Doug Anmuth pegs a $265 price target on the e-commerce giant - a figure that translates to roughly a 20% gap from the midweek close.

Carvana (NASDAQ: CVNA) - the online used-car seller - also made the cut. JPMorgan's target for Carvana sits at $425, which implies about a single-digit percentage lift from the stock's midweek level. The company has already been one of this year's big gainers, soaring north of 90% year-to-date.

General Motors (NYSE: GM) shows up as well. It's climbed more than 15% in 2025, and JPMorgan's Ryan Brinkman assigns an $80 target, roughly 30% above the midweek close.

Rounding out the updated list are PulteGroup (NYSE: PHM) and chip designer Broadcom (NASDAQ: AVGO), signaling the bank's interest in housing and semiconductor exposure alongside big tech and autos.

No one on the list is hiding in a corner. Amazon's mixed time frame performance, Carvana's blistering year-to-date run, and GM's steady climb give traders distinct exposures across sectors. Which of those stories matters most in October? That's the question staring at the tape as the month opens.