JPMorgan Just Compared Pioneer Natural Resources to Apple & Amazon. It’s Not as Crazy as You Think

Think of Pioneer Natural Resources ( PXD ) and many things come to mind. Breaking out ? Check. An earnings beater ? Check. But I'm not sure anyone would think of stocks like Apple ( AAPL ), Amazon.com ( AMZN ), and Alphabet ( GOOG ). But those are exactly the companies that JPMorgan's Arun Jayaram and team compared Pioneer to in a note released today. They explain why: