All the major Wall Street firms we cover here at 24/7 Wall St. have a list of the top stock picks for their institutional and retail clients to invest in. Typically, these are companies that analysts have a high level of conviction in and feel strongly about their fundamentals and forward-looking prospects. In addition, they often have strong upside to the assigned price target and a Buy or Overweight rating, depending on the company providing the coverage. After a furious rally off the February lows, and with all the major indices trading at all-time highs, many investors are treading carefully in front of the third quarter of 2026, so we were very interested to see which stocks were on the June edition of J.P. Morgan’s Analyst Focus List. All will provide investors with steady passive income and have the potential to deliver solid total returns.
The research team at J.P. Morgan updates its U.S. Analyst Focus List monthly, as the company describes:
The U.S. Analyst Focus List is updated monthly. Names may be removed mid-month when a valuation target has been largely or wholly achieved, or the original rationale is no longer valid. New ideas can also be added mid-month. Analysts will publish the explanation for all mid-month changes in a research note.
We screened the June Analyst Focus List looking for J.P. Morgan’s top high-yield stock picks, and five of our favorite companies made the list. These picks make sense for growth and income investors looking for top ideas from leading Wall Street firms.
Why do we recommend J.P. Morgan’s Analyst Focus List stocks?
J.P. Morgan is one of the acknowledged leaders in the investment landscape on Wall Street and worldwide. The firm’s top-notch research department continues to provide institutional and high-net-worth clients with the best ideas across the investment spectrum and is likely to do so for years to come.
Annaly Capital
With a massive 13% dividend yield and trading right near the J.P. Morgan target price, this is a total passive-income play. Annaly Capital Management (NYSE:NLY | NLY Price Prediction) is a diversified capital manager with investment strategies across mortgage finance.
The company owns a portfolio of real estate-related investments that includes:
- Mortgage pass-through certificates
- Collateralized mortgage obligations
- Credit risk transfer (CRT) securities
- Securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans, and mortgage servicing rights
Its investment groups include:
- Annaly Agency Group, which invests in agency mortgage-backed securities collateralized by residential mortgages
- Annaly Residential Credit Group, which invests in non-agency residential mortgage assets within residential and commercial markets
- Annaly Mortgage Servicing Rights Group, which invests in MSR that grants the right to service residential mortgage loans in exchange for a portion of the interest payments on those loans
The $24 J.P. Morgan price target is likely to go higher.
AT&T
AT&T (NYSE:T) is the world’s fourth-largest telecommunications company, measured by revenue. The legacy telecom has been undergoing a lengthy restructuring process while maintaining a solid dividend of 4.52%. Thirteen analysts have given the stock a Buy rating, indicating comprehensive Wall Street support.
AT&T provides a range of telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services. Through its company-owned stores, agents, and third-party retail stores, it sells:
- Handsets
- Wireless data cards
- Wireless computing devices
- Carrying cases
- Hands-free devices
AT&T also provides:
- Data
- Voice
- SecuT
- Cloud solutions
- Outsourcing
- Managed and professional services
- Customer premises equipment for multinational corporations, small and mid-sized businesses, and governmental and wholesale customers
Additionally, this segment provides residential customers with fiber broadband and legacy voice telephony services. It markets its communications services and products under:
- AT&T
- Cricket
- AT&T PREPAID
- AT&T Fiber
The company’s Latin America segment provides wireless services in Mexico and video services throughout the region. This segment markets its services and products under the AT&T and Unefon brands.
J.P. Morgan has a $33 price target for the stock.
Broadstone Net Lease
With a substantial 5.86% dividend yield and a robust portfolio, this real estate investment trust (REIT) is a compelling investment option, especially given the expectation that interest rates will likely remain where they are indefinitely. Broadstone Net Lease (NYSE:BNL) is an industrial-focused, diversified net lease REIT). The company invests primarily in single-tenant commercial real estate properties that are net leased to a diversified group of tenants on a long-term basis. It is mainly diversified across industrial and retail property types.
Under the industrial property type, it includes
- Manufacturing
- Distribution and warehouse
- Food processing
- Flex
- Research and development
- Cold storage
- Services
Under the retail property type, it includes:
- General merchandise
- Casual dining
- Quick-service restaurants
- Automotive
- Animal services
- Home furnishings
- Healthcare services
- Education
Under Other property type, it includes offices and clinical/surgical facilities.
The company’s portfolio comprises approximately 766 properties, including 759 located in 44 U.S. states and seven in four Canadian provinces.
The J.P. Morgan price target for the stock is $23.
Entergy
This energy company is engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. Entergy (NYSE:ETR) stock makes sense for conservative investors and comes with a dependable 2.36% dividend.
It produces and distributes electricity to 3 million customers in the United States and operates in two segments. The Utility segment generates, transmits, distributes, and sells electric power in the City of New Orleans and in:
- Arkansas
- Louisiana
- Mississippi
- Texas
The company also distributes natural gas.
Entergy’s Wholesale Commodities segment is involved in:
- The ownership, operation, and decommissioning of nuclear power plants located in the northern United States
- Sale of electric power to wholesale customers
- Provision of services to other nuclear power plant owners
- Ownership of interests in non-nuclear power plants that sell electric power to wholesale customers
The company generates electricity from various sources, including gas, nuclear, coal, hydro, and solar. It sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies.
Its power plants have approximately 24,000 megawatts (MW) of electric generating capacity, which includes 5,000 MW of nuclear power.
The J.P. Morgan price target for the shares is $129.
McCormick
Any cook is familiar with this company’s products, and investors also enjoy a tasty 3.93% dividend. McCormick (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasonings, condiments, and flavors to the entire food and beverage industry, including retailers, food manufacturers, and foodservice businesses.
It operates through two segments. The Consumer segment sells to retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce under the McCormick brand and a variety of brands around the world, including:
- French’s
- Frank’s RedHot
- Lawry’s
- Zatarain’s
- Simply Asia
- Thai Kitchen
- Ducros
- Vahine
- Cholula
- Schwartz
- Club House
- Kamis
- DaQiao
- La Drogheria
- Stubb’s
- OLD BAY
- Gourmet Garden
Its Flavor Solutions segment provides a range of products to multinational food manufacturers and foodservice customers. Foodservice customers are supplied with branded, packaged products, both directly by the company and indirectly through distributors.
J.P. Morgan has a $64 target price for the shares.
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