(Adds average total revenue generated from Europe for the recommended companies.)NEW YORK ( TheStreet) -- JPMorgan's ( JPM) investment strategists are telling the bank's customers to buy large-cap cyclical stocks because those companies are largely immune to Europe's debt crisis. The New York-based investment bank's research shows that only 8% of S&P 500 companies' earnings per share are generated in Europe. That implies that $8.40 of $105 in 2012 EPS, the bank's estimate, will come from Europe. If European profits fall by a third, even a modest increase in the rest of the world would compensate for the loss.