5 Best Mid-Cap Stocks to Buy for a Bounce Back

JPMorgan Chase has pinpointed a number of mid-cap stocks that have been taken down too far. The rest of Wall Street is particularly high on these five.

(Image credit: Getty Images)

Big technology companies are getting all the glory this year, but the biggest bargains might just be hiding among mid-cap stocks.

JPMorgan Chase says the huge selloff in midcaps since the beginning of the coronavirus crisis means that it has "never been easier to make money." Translation: There is no shortage of mid-cap stocks that are beaten down out of proportion to their earnings prospects.

To take advantage of this opportunity, JPM analysts pinpointed a number of the best mid-cap stocks to buy now. They sorted through the space, which is typically defined as stocks between $2 billion and $10 billion in market value, looking for stocks that are primed to bounce back. They limited themselves to names that are still down more than 30% since the beginning of the coronavirus crisis. The midcaps also had to have "solid balance sheets, near trough valuations, and businesses that are not structurally damaged."

JPMorgan Chase came up with a long list of stocks. Not to disparage JPM, but it's only one opinion. So to find the best of JPMorgan's midcap buys, we went with the wisdom of the crowd. We combed through the picks and singled out those with Buy calls and upbeat commentary from a wider range of analysts.

Here are five of the best mid-cap stocks to buy now for a bounce back. JPM likes this eclectic list – which includes an airline, a regional telecom, an educator and more – and the rest of the Street broadly agrees.

Share prices are as of Aug. 12. Analysts' recommendations and other data courtesy of S&P Global Market Intelligence, unless otherwise noted.

Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.