5 Best Reddit Stocks To Invest In

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In this article, we will take a look at the 5 best Reddit stocks to invest in. If you want to read our discussion on the Reddit community, take a look at the 12 Best Reddit Stocks To Invest In.

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

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is a New York-based investment bank and provider of diversified financial services corporation.

JPMorgan Chase & Co. (NYSE:JPM) offers a forward dividend yield of 3.52% as of September 8. The Reddit community was quick to highlight the intense research conducted by JPMorgan Chase & Co. (NYSE:JPM) related to blockchain technology, an attractive theme that has caught the eyes of various investors. JPMorgan Chase & Co. (NYSE:JPM) has been employing blockchain technology to process repo transactions. The company is working on the technology to create products that can generate healthy fees for the investment bank division.

JPMorgan Chase & Co. (NYSE:JPM) also has strong support from the hedge fund community as nine of the company’s top ten hedge fund holders increased their stake in JPMorgan Chase & Co. (NYSE:JPM) on a sequential basis.

Carillon Tower Advisers shared its stance on JPMorgan Chase & Co. (NYSE:JPM) in its Q1 2022 investor letter. Here’s what the firm said:

“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.”

JPMorgan Chase & Co. (NYSE:JPM) was held by 104 hedge funds as of Q2 2022.

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