What are the best blue chip stocks to invest in right now?
Blue chip companies have solid business models and impressive track records of returns for investors. These returns often include regular and growing dividend payments. The blue chip stocks' attractive risk-reward profiles make them among the most popular for conservative investors.
- Reliance Industries Ltd. Conglomerate.
- Tata Consultancy Services Ltd. Information Technology.
- Infosys Ltd. Information Technology.
- HCL Technologies Ltd. Information Technology.
- Hindustan Unilever Ltd. Fast-Moving Consumer Goods.
- ITC Ltd. ...
- Nestle India Ltd. ...
- HDFC Bank Ltd.
Blue chip companies have solid business models and impressive track records of returns for investors. These returns often include regular and growing dividend payments. The blue chip stocks' attractive risk-reward profiles make them among the most popular for conservative investors.
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| Fidelity National Information Services (FIS) | 13.8 |
| Humana (HUM) | 12.2 |
| Citigroup (C) | 8.8 |
| Lear (LEA) | 7.9 |
By investing in blue-chip stocks, investors can build a well-diversified portfolio. Here, we have identified three stocks from the Retail - Wholesale sector — Walmart Inc. WMT, The Home Depot, Inc. HD and Costco Wholesale Corporation COST.
Microsoft Corporation (NASDAQ:MSFT), Visa Inc. (NYSE:V), and Apple Inc. (NASDAQ:AAPL) are some of the best blue chip dividend stocks among others that are mentioned below in our list.
The promise of dividends is one of the key reasons investors flock to Blue Chip stocks. These companies often pay out regular dividends, providing investors with a consistent stream of income. Furthermore, the prospect of capital appreciation through time is a key draw.
| S.No | Company Name | Close Price (₹) |
|---|---|---|
| 1 | Life Insurance Corporation Of India Ltd | 907.20 |
| 2 | Oil and Natural Gas Corporation Ltd | 234.35 |
| 3 | Tata Consultancy Services Ltd | 3,841.80 |
| 4 | Bharti Airtel Ltd | 1,189.95 |
| Stock | Expected Change in Stock Price* |
|---|---|
| Salesforce Inc. (CRM) | 7.2% |
| Advanced Micro Devices Inc. (AMD) | 11.3% |
| Intuit Inc. (INTU) | 11.1% |
| Caterpillar Inc. (CAT) | 0.5% |
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
What are 3 good stocks to invest in?
| Stock | Market Capitalization | Sector |
|---|---|---|
| Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
| Sysco Corp. (SYY) | $41 billion | Consumer staples |
| Coca-Cola Co. (KO) | $261 billion | Consumer staples |
| S&P Global Inc. (SPGI) | $134 billion | Financials |
- British American Tobacco BTI.
- Imperial Brands IMBBY.
- Reckitt Benckiser Group RBGLY.
- Pfizer PFE.
- Anheuser-Busch InBev BUD.
- Polaris PII.
- Ambev ABEV.
- Estee Lauder EL.
Alongside Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL), Adobe Inc. (NASDAQ:ADBE) is one of the best money making stocks to invest in. In its Q3 2023 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and Adobe Inc.
Many of the largest companies in the S&P 500 or the Dow 30 are blue chips, such as IBM, JPMorgan Chase, Walmart, Microsoft, and American Express.
This Zacks Rank #3 (Hold) stock has a trailing four-quarter earnings surprise of 7.3%, on average. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Home Depot: Headquartered in Atlanta, GA, HD stands as another distinguished blue-chip stock, dominating the home improvement retail sector.
Lowe's is a blue-chip stock that offers investors reliability and resilience amid market fluctuations. Its 49-year history of dividend growth highlights its financial health and commitment to shareholders. Plus, with its stock buybacks, Lowe's enhances shareholder value over the long term.
| Stock | Forward dividend yield |
|---|---|
| Procter & Gamble Co. (PG) | 2.3% |
| Home Depot Inc. (HD) | 2.4% |
| Merck & Co. Inc. (MRK) | 2.5% |
| Chevron Corp. (CVX) | 4.4% |
| Stock | Dividend yield |
|---|---|
| Essential Utilities Inc. (WTRG) | 3.4% |
| Northwest Natural Holding Co. (NWN) | 5.4% |
| Hormel Foods Corp. (HRL) | 3.4% |
| Verizon Communications Inc. (VZ) | 6.7% |
The Top 10 list of companies that have paid monthly dividends in 2022 includes ARMOUR Residential REIT, Inc., Orchid Island Capital, Inc., AGNC Investment Corp., Oxford Square Capital Corp., Ellington Residential Mortgage REIT, SLR Investment Corp., PennantPark Floating Rate Capital Ltd., Main Street Capital ...
How do I invest in blue-chip stock? You can purchase blue-chip stocks through online brokerage firms or gain access to them through blue-chip funds. Given the high price-tag per share for some blue-chip stocks, some investors are opting to buy into these companies through fractional trading offerings.
What are the cons of blue-chip stocks?
Pros and Cons of Blue Chip Stocks
Lower returns than less established companies. Less room to grow, meaning that they are unlikely to see large gains. Expensive due to high demand.
Disadvantages. Slower Growth: Stability may come at the cost of slower growth compared to riskier assets. Expensive: Popularity and high demand make blue chip stocks pricier, potentially lowering returns. Complacency Risk: Size and success might lead to slower responses to market changes and innovation.
- SoundHound AI and Sweetgreen are up 174% and 116% so far in 2024.
- SoundHouse AI is seeing its platform for conversational intelligence explode in popularity.
- Sweetgreen has quadrupled over the past year, but it's still a broken IPO with potential to harvest.
- Alphabet.
- Amazon.com.
- Apple.
- Meta Platforms.
- Microsoft.
- Nvidia.
- Tesla.
But if you have a long enough investment time horizon and pick the right investment, $1,000 could eventually grow into $1 million. Buying stocks like Amazon, Home Depot, Microsoft, and Berkshire Hathaway at the right time has all delivered such returns to early investors.
