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2 Blue Chip Stocks To Watch For February 2023

Two top blue chip stocks to watch in the stock market right now.

Blue chip stocks are high-quality, well-established companies that have a long track record of stability and growth. These stocks are considered to be some of the safest investments in the stock market. As they are generally less volatile than other types of stocks. Blue chip stocks are often leaders in their respective industries and have a reputation for consistently delivering strong financial performance.

Investing in blue chip stocks can provide a number of benefits to investors. Firstly, these stocks are generally considered to be relatively low risk, meaning that investors are less likely to lose their capital. Additionally, blue-chip stocks tend to pay out a steady stream of dividends. This provides a reliable source of income for investors. Furthermore, these companies have the financial resources and expertise to weather economic downturns and continue to grow over time, providing a long-term investment opportunity.

In summary, blue chip stocks are a popular choice for investors looking for a balance between stability and growth. While they may not provide the high returns that some other types of stocks offer, they are generally considered to be a safe and reliable way to invest in the stock market. Whether you are a seasoned investor or just starting out, blue chip stocks can be an excellent addition to your investment portfolio. With this in mind, here are two blue-chip stocks to watch in the stock market this upcoming week.

Blue Chip Stocks To Watch Now

AT&T (T Stock)

First up, AT&T Inc. (T) is a telecommunications giant that provides a wide range of services, including wireless communication, high-speed internet, and television services.

T Recent Stock News

At the end of last month, the company reported its 4th quarter and full-year 2022 financial and operating results. In the report, AT&T reported earnings of $0.61 per share on revenue of $31.3 billion. This was slightly above the consensus estimate of $0.59 per share. But the revenue was slightly below the expected $31.5 billion.

However, the company’s revenue was down by 23.5% compared to the same quarter in the previous year. Moving forward, AT&T has provided its earnings outlook for 2023, estimating earnings per share to be in the range of $2.35 to $2.45.

T Stock Chart

Over the last six months of trading, shares of T stock have increased by 5.71%. Meanwhile, as of Friday’s closing bell, AT&T stock closed the day higher by 0.53%, at $19.07 a share.

Source: TD Ameritrade TOS

[Read More] 3 E-Commerce Stocks To Watch In February 2023

Merck & Company (MRK Stock)

Second, Merck & Company Inc. (MRK) is a pharmaceutical company that specializes in developing, manufacturing, and marketing a wide range of prescription drugs. Merck’s focus on improving human health and its reputation for quality and innovation make it a popular choice among blue-chip investors.

MRK Recent Stock News

Just this month, Merck & Co. announces its fourth-quarter 2022 financial results. Diving in, Merck notched in Q4 2022 earnings of $1.62 per share, with revenue of $13.8 billion. For context, this was higher than the consensus earnings estimates, which were earnings of $1.56 per share and in line with the expected revenue of $13.8 billion.

Additionally, the company’s revenue showed growth of 2.3% compared to the same quarter in the previous year. Looking ahead, Merck provided its earnings outlook for 2023, estimating earnings per share to be in the range of $6.80 to $6.95 and revenue to be between $57.20 billion and $58.70 billion.

MRK Stock Chart

Looking at the last six months of trading, Merck & Co. stock has advanced by 22.08%. While, as of the end of trading on Friday, shares of MRK stock closed the day up 1.73% at $108.57 per share.

Source: TD Ameritrade TOS

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By Josh Dylan

Josh Dylan is an active contributor to His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the social media team. He works to delivery top research not only one but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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