5 Best Bear Market Stocks To Invest In

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

Number of Hedge Fund Holders: 110

JPMorgan Chase & Co. (NYSE:JPM) is a US-based bank holding company which provides a range of financial services to clients around the world. Banks are positioned to perform well when interest rates rise high, and JPM is one of the best names to own given the current market situation.

Investors were seen loading up on JPMorgan Chase & Co. (NYSE:JPM) stock. 110 hedge funds reported bullish bets on the company shares at the end of March, as compared to 107 hedge funds a quarter earlier. Billionaire Ken Fisher’s Fisher Asset Management, with 7.76 million shares priced at $1.05 billion, was the biggest shareholder of JPMorgan Chase & Co. (NYSE:JPM) in the first quarter of 2022.

On May 24, BMO Capital analyst James Fotheringham maintained a ‘Market Perform’ rating on JPMorgan Chase & Co. (NYSE:JPM) shares and increased the price target to $156 from $150. Fotheringham sees the company as a long-term market share winner among global banks, but notes some headwinds offsetting the near-term benefits of growing credit demand and rising interest rates.

For the quarter ending March, JPMorgan Chase & Co. (NYSE:JPM) posted a revenue of $30.72 billion, beating analysts’ estimates by $318.5 million. EPS was recorded at $2.63, below estimates by $0.08.

Investment firm ClearBridge Investments mentioned a few stocks in its Q4 2021 investor letter, and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here’s what the fund said:

“Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”