UPDATE 1-JPM picks 26 small-, mid-cap stocks to beat crisis

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Nov 3 (Reuters) - J.P. Morgan Securities analysts recommended 26 small- and mid-cap stocks, mainly from healthcare and technology sectors, as these stocks are expected to outperform the broader market amid a weakening global economy.

The brokerage views the "SMiD 26", which has names like Gen-Probe (GPRO.O), Myriad Genetics Inc (MYGN.O) and Cabot Microelectronics Corp (CCMP.O), as core investments over the next 12 to 18 months.

The stocks included in the list have stable financial characteristics, price momentum better than their peers and a market capitalization of $7 billion or less, the brokerage said.

The list also features farm-equipment maker Agco Corp AG.N, which had recently posted better-than-expected third-quarter results. Equity strategist Thomas Lee expects the company to post a profit in the fourth quarter and 2009.

The only bank to make it to Lee's list is PrivateBancorp Inc (PVTB.O), which recently reported a narrower-than-expected third-quarter loss.

"The successful execution of PVTB's strategic growth plan has dramatically improved its risk profile, with residential development loans falling to only 6 percent of total loans vs. 14 percent one year ago, also with the balance sheet doubling in size," Lee said.

Lee also believes the bank remains one of the few positioned on offense to take advantage of weaker competitors.

The 26 stocks, all rated "overweight," are:

AGCO Corp AG.N

Alberto-Culver Co (ACV.N)

Alkermes Inc (ALKS.O)

BJ's Wholesale Club Inc (BJ.N)

Cabot Microelectronics Corp (CCMP.O)

Cephalon Inc (CEPH.O)

Dean Foods Co (DF.N)

Equifax Inc (EFX.N)

Gen-Probe Inc (GPRO.O)

Global Payments Inc (GPN.N)

IDEXX Laboratories Inc (IDXX.O)

McAfee Inc (MFE.N)

MFA Mortgage Investments (MFA.N)

Minerals Technologies Inc (MTX.N)

MKS Instruments Inc (MKSI.O)

Myriad Genetics Inc (MYGN.O)

National Instruments Corp (NATI.O)

NeuStar Inc (NSR.N)

Omnicare Inc (OCR.N)

PrivateBancorp Inc (PVTB.O)

Robert Half International Inc (RHI.N)

Strayer Education Inc (STRA.O)

Volcano Corp (VOLC.O)

Waste Connections Inc (WCN.N)

Wind River Systems Inc (WIND.O)

WMS Industries Inc (WMS.N) (Reporting by Aftab Ahmed in Bangalore; Editing by Himani Sarkar, Amitha Rajan)