5 Best Cheap Stocks to Buy Now

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1. JPMorgan Chase & Co. (NYSE:JPM)

Forward P/E Ratio: 9.05

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is an American investment bank and financial services holding corporation that operates globally.

With 104 hedge fund holders that we track that held shares in the bank as of Q2, JPMorgan Chase & Co. (NYSE:JPM) is the most widely held blue chip stock on our list with a low forward P/E ratio.

Although banks often have lower forward P/E ratios given the potential for an economic slowdown or recession, JPMorgan Chase & Co. (NYSE:JPM) offers potential upside in the long term given its strong earnings power, which management can use to buy back stock or to pay dividends.

Fisher Asset Management is the largest shareholder in JPMorgan Chase & Co. (NYSE:JPM) with shares worth $899.69 million.

You can also take a look at 10 Best Vanguard ETFs to Invest In and 10 Semiconductor Stocks that Pay Dividends.

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