What Are Blue-Chip Stocks And 5 To Buy Now in March 2024

Our picks for best blue-chip stocks For 2024 are Apple AAPL , Microsoft, Johnson & Johnson JNJ , Coca Cola and Procter & Gamble PG . Choosing the right broker for your situation saves you money and time while building your portfolio. The Ag Services & Oilseeds segment excelled, leveraging Brazilian export capabilities and addressing renewable green diesel demand through the Spiritwood production facility. Carbohydrate Solutions posted outstanding results, particularly in ethanol, starches, and sweeteners.

• From a valuation perspective, GS’s forward P/E ratio is currently toward the top of its range.
• This is rather a rule than an exception for blue-chip companies, making them attractive investments for investors wary of high volatility.
• It’s best known for its flagship products like the iPhone, iPad, Mac computers and various software services such as the App Store, iCloud and Apple Music.
• Additional screens were facilitated to list stocks by various performance, risk and financial strength metrics.
• Apple also earns recurring revenue through its services, which include its iTunes, App Store, and streaming television businesses.
• Because they are backed by dependable, high-quality businesses, stocks in the category are often appealing as long-term investment candidates.

Best Blue-Chip Stocks For 2024

In its fiscal year 2022, UnitedHealth grew revenues by 13%, earnings by 19% and EPS by 17%. The healthcare giant expects 2023 revenues of $357 to $360 billion, up from 2022 revenue of $324.2 billion. PG reported fiscal 2022 non-GAAP organic sales growth of 7%, along with non-GAAP core EPS growth of 3%. Apple made a similar change in 2021 with its Mac computer, replacing Intel processors with a more powerful Apple chip.

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In addition to regular payments, many blue-chips also regularly increase their dividend payment. If an S&P 500 company has managed to increase its dividend for 25 consecutive years in a row, it joins the S&P 500 Dividend Aristocrats index. It comes as no surprise that this index is full of blue-chip companies, such as 3M, AT&T, and IBM. Dan Schmidt is a finance writer passionate about helping readers understand how assets and markets work. His work has been published by Vanguard, Capital One, PenFed Credit Union, MarketBeat, and Fora Financial. Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies.

Learn More about Investing in Blue Chip Stocks

The good news is that companies in the broader blue chip category are likely to be solid long-term investments, and investors have a sizable group of appealing stocks to choose from. Abbvie, Nike, Lockheed Martin, Honeywell, Northrop Grumman, and Procter & Gamble Blue chip stock list are additional examples of blue chip companies headquartered in the country. Many blue chips generate a substantial amount of their sales and earnings from other geographic markets, but most lists of blue chip stocks are primarily made up of U.S.-based companies.

Over the past year—a tough time for investors–the DJIA’s total return with dividends reinvested is 0.36%, compared to a loss of -5.31% for the S&P 500. Over the past 10 https://investmentsanalysis.info/ years, the Dow’s cumulative total return of 181.2% trails the 209.45% return for the S&P 500. They typically manage downturns with a been-there, done-that pragmatism.

Combining blue chip stock quality with dividends

Investors can choose between individual stocks, funds, or a combination of the two. Some of the largest ETFs and Mutual funds around are full of blue-chips, making investing in blue-chips passively accessible to many. These young investors are often attracted to the stock market by stories about spectacular short-term returns, as we’ve seen during the “meme stock’’ saga [PDF].

Adjusted earnings-per share of $2.68 compared to $2.69 in the prior year, but was $0.33 more than projected. At the end of 2022, the company had approximately 17.1 million members in medical benefit plans, as well as approximately 4.6 million members in specialty products. In 2022, 80% of premiums and services revenue were from contracts with the federal government. Adjusting for unfavorable currency exchange, revenue was down 3% for the quarter. U.S. revenues declined 4% to $7.6 billion while International was higher by 2% to $3.3 billion. For the 2023 third quarter, revenue declined 2.2% to $10.97 billion, which was in-line estimates.

Blue-chip stocks are from companies that are large, well-established, and financially sound. These companies have strong brand names and reputations, and they generate dependable earnings. Blue-chip companies usually boast consistent dividends and are often considered to be less risky, given their financial stability. However, investors should remain vigilant about regulatory changes, credit risk, market competition, interest rate fluctuations, and market volatility. Active investors might prefer to choose individual stocks, requiring more research and time on the investor’s part. In contrast, passive investors often choose to invest in this category of stocks with blue-chip ETFs or mutual funds.

It deserves a spot in your portfolio if you’re investing steadily over time. If you walk down any snack aisle, it will be hard to ignore PepsiCo’s products. PEP stock has declined a bit due to the broader downturn for retailers, but I think this is a solid long-term bet you can put your money into each month.