5 Best Value Stocks to Buy Now

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

Number of Hedge Fund Holders: 104

PE Ratio (As of September 22): 8.92

Based in New York, JPMorgan Chase & Co. (NYSE:JPM) is a commercial and investment banking institution founded by J.P Morgan in 1871. On September 12, Deutsche Bank analyst Matt O’Connor lowered the price target on JPMorgan (NYSE:JPM) to $155 from $174, maintaining a Buy rating on the shares. Banks have generally underperformed in 2022, driven by increasing anxiety around a recession. However, there has been some consolation over the past month, the analyst states in a research note. Although banks are down about 25% currently, and are pricing in a 55% chance of a moderate recession, the implication is that one can expect a good upside to the stock in the longer term, if the U.S. is able to avoid a significant downturn.

Here is what Carillon Tower Advisers had to say about JPMorgan Chase & Co. (NYSE:JPM) in their Q1 2022 investor letter:

“More cyclical sectors, including technology and consumer discretionary, were among the weakest, likely due to rising interest rates and inflation. It was encouraging to see the quarter finish on a strong note with the S&P 500 only about 5% away from its all-time highs. Shares of JPMorgan Chase (NYSE:JPM) detracted from performance due to the company’s increased expense guidance, announced in January.”

You can also take a peek at 10 Best Gun Stocks to Invest In and Billionaire David Abrams’ Top Stock Picks.

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