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We expect the firm’s falling COVID-19 vaccine and treatment sales will create a drag on earnings growth in 2023, but we project a healthier annual growth rate during the next five years, he adds. We think Pfizer stock is worth $48 per share; the stock currently trades 29% below that. AstraZeneca is the second drugmaker on our list of blue-chip stocks for the long term. The drugmaker’s portfolio spans several major therapeutic classes, including gastrointestinal, diabetes, cardiovascular, cancer, and rare diseases among them. Morningstar sector director Damien Conover argues that the firm’s pipeline is one of the strongest in the drug group, with several key products that have blockbuster potential. We think AstraZeneca is well positioned for growth; we’re projecting 8% annual sales growth over the next five years as new products offset patent losses, Conover notes.

Titan Share Price Target 2024, 2025, 2026, 2027, 2030 and Long Term

Look for companies with solid financials, consistent dividend payments and a history of market resilience. Blue-chip stocks often outperform other stocks during economic downturns. That’s one reason investors seeking regular income and long-term gains invest in blue chip dividend stocks. These dividend-paying stocks https://bigbostrade.com/etf-trader-exchange-traded-fund-etf-explanation/ frequently maintain dividends even in challenging times. Because they are backed by dependable, high-quality businesses, stocks in the category are often appealing as long-term investment candidates. However, just about every investor can benefit from having a portion of their portfolio invested in blue chip stocks.

Eversource has a long history of generating steady growth over time. In this article, we will look at the 12 best blue-chip stocks https://forexanalytics.info/1-minute-simple-and-profitable-forex-scalping/ right now. You can skip our detailed analysis of the blue-chip stocks, and go directly to the 5 Best Blue-Chip Stocks Right Now.

What Does Blue Chip Company Mean?

Microsoft, among other companies within the generative AI field, jumped at the chance to hire him. Antitrust scrutiny surrounding Microsoft’s voting rights within OpenAI, to which they are a large contributor, has led to investors’ concerns regarding the potential fallout for Microsoft. And their strength and reliability make them compelling investments for investors of all experience levels, from beginners to experts.

• You can also buy a fund that tracks the S&P 500 or the Dow Jones Industrial Average since both include blue-chip stocks.
• Although investing in a blue chip stock can bring steady, long-term returns — they are well regulated and have potential for regular dividends — there are some cautions to keep in mind.
• This stability points to strong financial footing, meaning no debt and a lot of efficiency.

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 years, the Dow’s cumulative total return of 181.2% trails the 209.45% return for the S&P 500. It’s a versatile combination that allows you to either reinvest those dividends and compound the earnings over time or take the dividends as a stream of passive income. On top of that, holding investments for the long term also has some significant tax advantages. Pharmaceutical company AbbVie Inc is a blue chip stock, although shares of the maker of the rheumatoid arthritis drug Humira have performed poorly in 2023. Investing in blue-chip stocks offers a mix of advantages and considerations for investors.

Stocking Up On Blue Chips

That’s a good thing, since the economy generally grows more than it contracts. Higher prices raise average transaction values, which in turn generates more fees. That massive membership base is a competitive advantage for UnitedHealth, one the company can use to sell more services. UNH is also leveraging technology to improve outcomes and lower costs. If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company.

• All the stocks I choose below are within the Dow Jones Industrial Average ETF, which tracks the Dow Jones Industrial Average Index.
• These high-growth upstarts aim to be the blue chip stocks of tomorrow.
• They are less risky than smaller companies and can withstand economic downturns.
• Year-to-date, Salesforce has seen an 86% increase in their share price due to positive earnings results as of recently and the increased investor excitement surrounding generative AI companies.

While Berkshire’s operating businesses saw their profits decline by ~10% in 2020, their long-term positioning at the cross-section of American business remains intact if not stronger. “Please see Q1 letter for our Berkshire on a Napkin investment exercise. We have written on it extensively and will save your eyeballs from extraneous writing. In June, Credit Suisse raised its price target on the JNJ stock to $193, with a ‘Buy’ rating. We’d like to share more about how we work and what drives our day-to-day business.

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Bancorp stock trades 22% below our fair value estimate of $52 per share. You may not want to invest in certain types of blue chip stocks that might be in the midst of a downturn. For example, what if a blue chip business is about to be phased https://forex-world.net/blog/best-etf-to-day-trade-how-to-invest-in-etfs/ out of the market because its technology is derived from a bygone day? You need to be on the lookout for these things so that you can easily make wise choices. Blue chip is a nickname given to stocks of a well-established and trusted company.