JPMorgan Warns of Fall Sell-Off Risk and Highlights Defensive Dividend Stocks
J.P. Morgan says the S&P 500 has averaged a negative return in September and notes institutional reallocations near end of the third quarter can drive sell-offs. The team points to storm-risk conditions and recommends five defensive, dividend-focused sectors, selecting one stock from each rated Overweight, with a $149 JPM price target and a 0.17% dividend.