Is Tesla a blue-chip stock?
The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren't truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN. They're much more volatile. Tesla, for example, is down about 23% so far this year.
Companies like Alphabet (GOOGL), Amazon.com (AMZN) and Nvidia (NVDA) would generally be considered blue-chip stocks, but are not included in the DJIA. Which blue-chip stocks pay the highest dividends?
Our picks for best blue-chip stocks For 2024 are Apple AAPL -0.8% , Microsoft, Johnson & Johnson JNJ +1.4% , Coca Cola and Procter & Gamble PG -0.4% .
In summary, Nvidia, AMD, Micron, Taiwan Semiconductor, and Intel are strategically aligned with the future of technology, making them the top semiconductor stocks for 2024.
- List of top 5 Stocks for 2024.
- HDFC Bank Ltd. Company Overview. Key Growth Factors. ...
- Wipro Ltd. Company Overview. Key Growth Factors. ...
- Titan Company Ltd. Company Overview. ...
- Hindustan Unilever Ltd. Company Overview. ...
- IRCTC Ltd. Company Overview. ...
- The Bottom Line.
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
Blue chip stocks are stocks from a company that has a long-standing reputation of quality, reliability, and the ability to operate profitably over many years. These companies tend to be household names. General Mills, Apple, Google, and Disney are all blue chip stocks.
Prior to the pandemic, Costco (COST 0.90%) and Carnival (CCL 3.84%) were both considered resilient blue chip stocks for long-term investors. Costco's warehouse stores generated steady sales growth through economic downturns, and it locked in its shoppers with sticky subscription plans.
Walmart (NYSE:WMT) has been in business for over 60 years and is a popular retailer for consumers who want to save money. The company offers the lowest prices which are especially useful with high inflation. Walmart isn't one of those blue-chip stocks that's going to outperform the market.
- UnitedHealth Group Incorporated (NYSE:UNH) Number of Hedge Fund Holders: 104. Quarterly Revenue Growth: 14.10% ...
- JPMorgan Chase & Co. (NYSE:JPM) Number of Hedge Fund Holders: 109. ...
- Advanced Micro Devices, Inc. (NASDAQ:AMD) ...
- Adobe Inc. (NASDAQ:ADBE) ...
- Salesforce, Inc. (NYSE:CRM)
What are the best US stocks to buy now?
| Stock Name | Ticker | Market Cap |
|---|---|---|
| Apple, Inc. | AAPL | 2.224 T |
| Microsoft Corporation | MSFT | 1.705 T |
| Amazon.com Inc. | AMZN | 1.089 T |
| Tesla, Inc. | TSLA | 642.330 B |
To benefit from the growth momentum in the market, some of the best stocks to pick up in 2024 include Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META).
Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.
Shares of Nvidia remained a hot commodity on the stock market in 2024 with solid gains of 58% already, which is not surprising as the chipmaker is already projected to deliver another outstanding year of revenue and earnings growth because of the booming demand for graphics cards used in artificial intelligence (AI) ...
As measured by the S&P 500 Index, the broader market gained 20%. AppLovin Corporation, the top-performing stock of 2023, surged 258%. NovoCure Limited, the lowest-performing stock, plunged 82%.
Albemarle (NYSE:ALB) stock has all the potential in the world to double in 2024. In fact, ALB shares are forecast to more than triple based on the high analyst target price given on Wall Street.
- Vikas Ecotech Ltd. Vikas Ecotech generated an impressive operating revenue of Rs. ...
- Comfort Intech Ltd. ...
- Rajnandini Metal Ltd. ...
- G G Engineering Ltd. ...
- Indian Infotech and Software Ltd. ...
- Genpharmasec Ltd. ...
- Accuracy Shipping Ltd. ...
- Goyal Aluminiums Ltd.
| Stock | Implied upside from Feb. 7 close | Forward dividend yield |
|---|---|---|
| JPMorgan Chase & Co. (ticker: JPM) | 30% | 2.4% |
| Procter & Gamble Co. (PG) | 9.4% | 2.4% |
| Home Depot Inc. (HD) | 3.4% | 2.3% |
| AbbVie Inc. (ABBV) | 12.6% | 3.5% |
| Stock | Sector | Market capitalization |
|---|---|---|
| Dow Inc. (DOW) | Materials | $38 billion |
| American Express Co. (AXP) | Financials | $154 billion |
| Johnson & Johnson (JNJ) | Health care | $377 billion |
| W.W. Grainger Inc. (GWW) | Industrials | $48 billion |
NVDA currently trades at a next 12-months (NTM) price-to-earnings multiple of 32.1x, and among its “Magnificent 7” peers, only Meta Platforms (META) and Apple trade at a lower multiple. Wall Street analysts also expect Nvidia's rally to continue, and it has a consensus rating of “Strong Buy” from analysts.
Which stock is undervalued now?
- ITC Ltd.
- Asian Paints Ltd.
- Sun Pharmaceutical Industries Ltd.
- Avenue Supermarts Ltd.
- Coal India Ltd.
- Varun Beverages Ltd.
- Eicher Motors Ltd.
- Bharat Electronics Ltd.
Because GOOGL (class A) stock owners have voting rights, the shares tend to cost slightly more than GOOG (class C). However, the price difference is tiny — often less than $1, which is under 0.1% of the stock price. It also frequently happens that GOOG shares temporarily cost more than GOOGL shares.
Key Morningstar Metrics for Apple
We believe Apple is a fundamentally excellent company, but continue to see its stock valuation as challenging. That valuation has surged more than 40% in 2023, based on new product launches and improving macroeconomic conditions.
Home Depot: Headquartered in Atlanta, GA, this company stands as another distinguished blue-chip stock, dominating the home improvement retail sector.
Investors should consider these Blue Chip stocks, which are always a good bet before years end. McDonald's (MCD): McDonald's is entering a period of growth that makes it even more intriguing. Broadcom (AVGO): AVGO will be a strong secular performer through 2024.
References
- https://www.samco.in/knowledge-center/articles/blue-chip-companies-in-india/
- https://www.investors.com/news/best-stocks-2023-nvidia-stock-among-magnificent-seven-stocks-listed/
- https://blog.stockedge.com/strategic-investments-the-top-5-stocks-for-2024/
- https://www.morningstar.com/stocks/top-performing-stocks-2023
- https://finance.yahoo.com/news/10-best-stocks-invest-2024-200401023.html
- https://www.investopedia.com/terms/b/bluechipstock.asp
- https://www.nerdwallet.com/article/investing/best-performing-stocks
- https://www.nasdaq.com/articles/7-blue-chip-stocks-that-wont-do-you-wrong
- https://www.lynalden.com/blue-chip-dividend-stocks/
- https://www.investopedia.com/the-top-and-bottom-stocks-of-2023-8401434
- https://economictimes.indiatimes.com/definition/blue-chip-stocks
- https://www.mstock.com/articles/10-best-shares-to-buy-today-for-long-term
- https://www.nerdwallet.com/article/investing/blue-chip-stocks
- https://www.nasdaq.com/articles/3-blue-chip-retail-stocks-to-navigate-changing-market-dynamics
- https://www.smallcase.com/collections/undervalued-stocks/
- https://www.nasdaq.com/articles/why-is-nvidia-stock-so-high-and-can-nvda-become-the-biggest-u.s.-company
- https://www.cbtnews.com/semiconductor-chip-shortage-automakers-not-out-of-the-woods/
- https://www.5paisa.com/share-market-today/penny-stocks
- https://stockanalysis.com/article/goog-vs-googl-stock/
- https://gocardless.com/en-us/guides/posts/blue-chip-companies/
- https://www.fool.com/investing/2020/04/30/2-stocks-that-turned-1000-into-1-million.aspx
- https://www.fool.com/investing/2024/02/03/best-stock-to-buy-right-now-costco-vs-carnival/
- https://www.nasdaq.com/articles/coca-cola-stock:-buy-sell-or-hold-2
- https://stockanalysis.com/stocks/f/forecast/
- https://www.nasdaq.com/articles/is-ford-motor-stock-a-good-buy-this-february
- https://www.smallcase.com/collections/penny-stocks-in-india/
- https://www.investopedia.com/ask/answers/031915/what-qualifies-company-blue-chip.asp
- https://investorplace.com/2024/02/the-3-most-undervalued-blue-chip-stocks-to-buy-in-february-2024/
- https://www.tipranks.com/stocks/f/forecast
- https://www.tipranks.com/stocks/cost/forecast
- https://www.investopedia.com/terms/e/extended_trading.asp
- https://www.forbes.com/sites/investor-hub/article/5-best-semiconductor-stocks-for-2024/
- https://www.forbes.com/advisor/investing/best-long-term-stocks/
- https://www.tastylive.com/news-insights/Top-Three-Blue-Chip-Stocks-Watch-October-2023
- https://investorplace.com/2023/12/if-you-can-only-buy-one-blue-chip-stock-in-december-it-better-be-one-of-these-3-names/
- https://wtop.com/news/2024/02/7-dividend-stocks-to-buy-and-hold-forever-8/
- https://finance.yahoo.com/news/13-best-major-stocks-buy-122146335.html
- https://investorplace.com/2023/12/7-blue-chip-dividend-stocks-to-buy-before-dec-31/
- https://www.wealthsimple.com/en-ca/learn/what-are-blue-chip-stocks
- https://www.nasdaq.com/articles/hot-picks%3A-7-stocks-wall-street-expects-to-double-in-2024
- https://www.nasdaq.com/articles/7-steady-blue-chip-stocks-to-buy-and-hold-all-year
- https://www.seattletimes.com/business/amazon-joins-29-other-blue-chip-companies-in-the-dow-jones-industrial-average/
- https://www.investopedia.com/terms/l/liquidity.asp
- https://www.inddist.com/e-commerce/news/22888295/amazon-joins-the-ranks-of-blue-chip-companies
- https://www.usatoday.com/money/blueprint/investing/best-blue-chip-stocks/
- https://www.angelone.in/blog/best-stocks-to-invest-in-2024
- https://finance.yahoo.com/most-active
- https://www.morningstar.com/stocks/apple-we-advise-waiting-pullback-before-investing
- https://www.tipranks.com/stocks/amzn/forecast
- https://www.nasdaq.com/articles/forget-nvidia:-this-stock-is-poised-for-a-potential-bull-run-in-2024-0
- https://www.smallcase.com/collections/blue-chip-stocks-india/
- https://www.fool.com/investing/stock-market/types-of-stocks/blue-chip-stocks/are-blue-chip-stocks-safe/
- https://www.forbes.com/advisor/investing/best-blue-chip-stocks/
- https://www.cnn.com/2024/01/30/investing/premarket-stocks-trading/index.html
- https://www.topstockresearch.com/PriceVolumeSurprisers/TopStocksTopLosersIndianStockMarket.html
- https://finance.yahoo.com/news/12-best-nasdaq-stocks-buy-112251252.html
- https://www.bloomberg.com/news/articles/2023-10-31/ford-s-return-to-blue-chip-grade-solidifies-era-of-rising-stars
- https://admiralmarkets.com/education/articles/general-trading/a-guide-to-the-best-blue-chip-stocks-to-trade
- https://money.usnews.com/investing/articles/best-performing-stocks-of-the-year
- https://www.zacks.com/stock/research/F/stock-style-scores
- https://finance.yahoo.com/news/13-cheap-blue-chip-stocks-000505430.html
- https://quizlet.com/52401057/blue-chip-stock-flash-cards/
- https://www.morningstar.com/stocks/10-best-blue-chip-stocks-buy-long-term
- https://money.usnews.com/investing/articles/best-long-term-stocks-to-buy
- https://www.fool.com/investing/stock-market/types-of-stocks/safe-stocks/
- https://fordauthority.com/2022/05/2022-ford-explorer-f-150-among-vehicles-waiting-for-chips/
- https://www.nasdaq.com/articles/7-best-blue-chip-stocks-to-buy-now
- https://investorplace.com/2022/06/7-no-brainer-blue-chip-stocks-to-buy-if-you-have-money-to-invest/
- https://www.lathamfordmotors.com/finance/car-buying-tips/car-chip-shortage/
- https://www.investopedia.com/types-of-stocks-5215684
- https://www.timesfreepress.com/news/2024/feb/26/amazon-joins-29-other-blue-chip-companies-tfp/
- https://groww.in/p/blue-chip-stocks
- https://www.screener.in/screens/541146/growth-stocks-for-next-5-years/
- https://www.indmoney.com/articles/stocks/blue-chip-companies-in-india
- https://www.investopedia.com/terms/b/bluechip.asp
- https://investorplace.com/2023/12/5-blue-chip-growth-stocks-to-buy-for-2024/
- https://finance.yahoo.com/news/why-now-great-time-buy-211158019.html?.tsrc=rss
- https://finance.yahoo.com/news/3-blue-chip-retail-stocks-135700359.html
- https://www.forbes.com/sites/investor-hub/article/best-blue-chip-stocks/
- https://www.fool.com/investing/stock-market/types-of-stocks/blue-chip-stocks/
- https://www.morningstar.com/stocks/3-top-value-stocks-buy-hold-2024-2
- https://money.usnews.com/investing/articles/best-blue-chip-stocks-to-buy-this-year
- https://scripbox.com/us-stocks/best-us-stocks-to-buy-today
- https://www.nytimes.com/2021/11/18/business/ford-globalfoundries-chip-shortage.html
