5 Best Dow Stocks To Buy Now

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

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is one of the largest banks in the United States. Given the decline in the market, JPMorgan Chase & Co. (NYSE:JPM) shares have fallen 34.6% year to date. In terms of the U.S. economy, JPMorgan CEO’s Jamie Dimon isn’t particularly optimistic as he says that although the U.S. economy is actually “still doing well”, he thinks there are headwinds such as the impact of inflation, rising interest rates, and Russia’s war in Ukraine. As a result, there could be a recession in the United States and also the world in six to nine months from now.

If that happens, JPMorgan Chase & Co. (NYSE:JPM) write offs could increase and its earnings could decrease. Given JPMorgan Chase & Co. (NYSE:JPM)’s forward P/E ratio of 8.26 and its business strength, however, the stock could be attractive long term.