5 Best Stocks to Buy for the Next 50 Years

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

Number of Hedge Fund Holders: 110

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based multinational investment bank and financial services corporation. JPMorgan Chase & Co. (NYSE:JPM) is one of the best stocks to buy for the next 50 years, as the aging population means there are more chances for wealthy clientele. The company is also positioned to benefit from the popular shift to digital banking. JPMorgan Chase & Co. (NYSE:JPM) is also a notable dividend stock. It is set to pay a quarterly dividend of $1 per share on July 31, to shareholders of record as of July 6. The stock delivers a dividend yield of 3.57%. 

Citi analyst Keith Horowitz on July 12 upgraded JPMorgan Chase & Co. (NYSE:JPM) to ‘Buy’ from ‘Neutral’ with a price target of $135, down from $145. The analyst believes investors will “look to high-quality franchises with strong management teams and a sound balance sheet” in the present macro environment. JPMorgan Chase & Co. (NYSE:JPM) “fits this narrative” and with the year-to-date decline in the share price and an attractive valuation, JPMorgan Chase & Co. (NYSE:JPM) represents a good buying opportunity, the analyst told investors in a research note.

In Q1 2022, 110 hedge funds were bullish on JPMorgan Chase & Co. (NYSE:JPM), up from 107 funds in the preceding quarter. Ken Fisher’s Fisher Asset Management features as the leading stakeholder of the company, with 7.76 million shares worth over $1 billion. 

Here is what Ariel Investments had to say about JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2021 investor letter:

“In our view, inflation will not just be a 2021 phenomenon. Inflationary expectations are only now working themselves into the labor market with historically low unemployment, resurgent labor unions, and higher wages. These labor cost pressures are only starting to show up in the Consumer Price Index. The most recent Producer Price Index showed a +9% year over year increase, the highest since it was created in 2010. Higher input prices generally lead to rising consumer prices.

“In our view, inflation will not just be a 2021 phenomenon.” 

Consumer balance sheets are in excellent shape with lower unemployment and banked stimulus checks. A recent analysis from JP Morgan Chase (JPM) showed average checking accounts have 50% higher balances than pre-Covid. The U.S. money supply as measured by M2 (a calculation that includes cash, checking accounts, and “near cash” such as money market securities) is up +38% versus year-end 2019. Higher consumer cash holdings and higher money supply mean more spending and demand for goods. Some emphasize supply issues to explain current inflation. Going forward, we see very strong demand as well, too much money chasing too few goods.”

You can also take a look at 10 Commodity Stocks to Buy On The Dip and 10 Stocks That Cathie Wood and Steve Cohen Love. 

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