2024 Blue Chip Stocks List 7 Best Blue Chips To Invest In

Investors should note Microsoft’s consistent financial performance, marked by strong revenue, profits and a consistent dividend-paying history. The company’s focus on subscription-based services, cloud computing and expanding its gaming division has continued to drive its growth trajectory. General Mills has a beta of 0.5, indicating that the company’s stock is about half as volatile as the market.

  • Most of these companies pay dividends and have many decades of profitable operation under their belts.
  • For the quarter, revenue grew 10.5% to $2.31 billion, but missed estimates by $220 million.
  • That’s because there are no quantitative rules governing stock selection for the index.
  • We won’t know how hedge funds are dealing with the current market environment until they disclose their second quarter buys and sells in mid-August.
  • PepsiCo pays about 66% of its earnings out as dividends, leaving enough cushion for PepsiCo to invest in growth or endure an unexpected slump.

Monthly dividends to pay your bills

Sanofi’s existing product line boasts several top-tier drugs, including immunology drug Dupixent. A history of acquisitions and robust cash flow from operations mean Sanofi could take advantage of further growth opportunities through external collaborations. We expect the firm’s acquisition focus on immunology drugs and rare disease drugs will continue following several deals in this area. Sanofi stock trades 17% below our fair value estimate of $61 per share.

Financial Calendars

The foundation of Apple’s success is the iPhone, which has enormous user loyalty and generates more than half of Apple’s sales. The table below lists 40 dividend-paying companies that are DJIA members or have a market cap of at least $200 billion. However, blue-chips are popular among investors, especially those closer to retirement or more risk-averse investors, because of their reliability. That doesn’t mean they’re immune to market downturns, but it does mean they’ve shown a history of weathering these storms and bouncing back. Diversification, as always, is key when investing, even if you’re investing in companies that are widely considered rock-solid.

Combining blue chip stock quality with dividends

It has pioneered advancements in the technology sector throughout its history. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is https://investmentsanalysis.info/ provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

One example is Fidelity’s Blue Chip Growth fund with a 30% average annual return over 5 years. The iShares Dow Jones ETF, for example, tracks the Dow Jones Industrial average and thus allows Blue chip stock list investors to invest in a “basket” of blue-chips with one purchase. The advantages of investing in an ETF are the automatic diversification and the low cost compared to mutual funds.

This can help you narrow down other blue chip funds and stocks that may be worthy of your investment dollars. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Beyond its subsidiary businesses, the investment conglomerate also owns a large portfolio of publicly traded stocks. With such a broad range of businesses, the company has a reputation for safety, security, and consistent performance. Blue chips are considered safe investments due to their longstanding financial stability.

NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Financial giant American Express (AXP 2.07%) is another blue chip stalwart to consider. Its main revenue generators are credit card fees and transaction processing fees. Please note that the stocks above were selected by an experienced financial analyst, but they may not be right for your portfolio. Before you decide to purchase any of these stocks, do plenty of research to ensure they are aligned with your financial goals and risk tolerance.

For the long-term investor, I think it represents an attractive place to put your money to work. However, investors should remain cognizant of the industry’s cyclical nature, dependency on government projects, supply chain risks, execution challenges, and intense competition. Philip Morris began its journey to next-generation products in 2014 with IQOS and has built these innovations into a significant portion of the business.

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