JPMorgan Chase and Microsoft Stand Out as Smart Buys If Stocks Crash, Boasting Fortress Balance Sheets and Visionary Leadership
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JPMorgan Chase is a fortress-like bank that would be a smart buy if its stock price fell in a market crash due to its stability and growth prospects.
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Microsoft is a diversified tech leader that would also be a strong buy in a downturn given its resilience across business segments and high dependence on recurring business spending.
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Both companies have strong financial positions, with Microsoft having a AAA credit rating and JPMorgan Chase showing a healthy 14.3% CET1 ratio in its latest earnings.
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JPMorgan Chase and Microsoft currently look attractively valued trading at P/E ratios of 10 and under 30, respectively, meaning a stock crash could make them even cheaper.
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The two companies have proven able leadership and strategic vision, with Jamie Dimon helming JPMorgan Chase and Satya Nadella leading Microsoft's cloud and AI push.