10 Best Non-Tech Stocks to Buy According to Reddit

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

Number of Hedge Fund Holders: 124

With significant hedge fund interest and trending on Reddit, JPMorgan Chase & Co. (NYSE:JPM) secures a spot on our list of the 10 Best Non-Tech Stocks to Buy According to Reddit.

Despite ongoing legal concerns, market trust in JPMorgan Chase & Co. (NYSE:JPM)’s financial strength was demonstrated on September 29, when the bank’s stock hit an all-time high of $317.94.

Charlie Javice, the founder of Frank, a fintech startup that JPMorgan Chase & Co. (NYSE:JPM) acquired for $175 million in 2021, was sentenced to little over seven years in jail on the same day for cheating the bank by fabricating client data. Although the case prompted concerns about due diligence, the market’s response highlights the company’s strong foundation, varied company strategy, and ability to overcome obstacles.

Global financial services provider JPMorgan Chase & Co. (NYSE:JPM) provides commercial banking, investment banking, asset management, and financial transaction processing to consumers and small companies. It is one of the Best Non-Tech Stocks.

While we acknowledge the potential of JPM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JPM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Cheap Clean Energy Stocks to Buy Right Now and 13 Best Virtual Reality Stocks to Buy Right Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

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