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3 Blue Chip Stocks To Watch Ahead Of This Week

Check out these three blue-chip stocks ahead of the this week’s trading action.

Blue chip stocks are high-quality, well-established companies with a long track record of stability, reliability, and strong financial performance. These stocks are often considered to be a safe investment. As they have a history of weathering economic downturns and consistently delivering returns to shareholders. What’s more, Blue chip stocks are typically characterized by; a strong brand, a large and diverse customer base, and a solid financial foundation. This includes a strong balance sheet and a consistent track record of paying dividends.

While blue chip stocks are generally considered to be a safe investment. It’s important to remember that no investment is completely risk-free. As with any investment, it’s important to carefully research and evaluate the risks and potential returns before making a decision. With that being said, here are three blue-chip stocks to keep an eye on in the stock market this week.

Blue Chip Stocks To Buy [Or Avoid] Right Now

Microsoft (MSFT Stock)

Microsoft (MSFT) is a technology giant that has a strong presence in the personal computer, software, and cloud computing markets. Its products, include Windows operating systems and Office productivity software. For a sense of scale, millions of people and businesses around the world use its products. The company has consistently delivered strong financial results, with revenue and earnings per share growing at a steady pace over the past decade. Microsoft also has a strong balance sheet, with plenty of cash on hand to fund future growth.

Back in October, Microsoft announced its 1st quarter 2023 financial and operating results. In detail, the company reported Q1 2023 earnings per share of $2.35 along with revenue of $50.1 billion. This was compared to Wall Street’s consensus estimates for Q1 2023 which were an EPS of $2.29 and revenue estimates of $50.1 billion. These revenue figures for the quarter represent a 10.6% increase on a year-over-year basis.

Moving along, over the last month of trading, shares of MSFT stock have recovered modestly by 1.44%. As of Friday’s closing bell, Microsoft stock is set to open this trading week at around $245.19 a share.

Source: TD Ameritrade TOS

[Read More] What Happens To Stocks During A Recession? 

Johnson & Johnson (JNJ Stock)

Next, Johnson & Johnson (JNJ) is a multinational healthcare company. The company sells a wide range of products, including prescription drugs, medical devices, and consumer health products. It has a long history of stability and strong financial performance. With a diverse range of products that allow it to weather economic downturns. The company also has a strong track record of paying dividends to shareholders. This could make it a potentially attractive investment for those looking for a steady stream of income.

This month, the company announced that it will release its fourth quarter 2022 financial and operating results on Tuesday, January 24th, 2023. For a quick refresher, during Q3 2022, JNJ reported earnings of $2.55 per share on revenue of $23.8 billion for the quarter.

Meanwhile, year-to-date shares of JNJ stock have increased by 2.41%, outperforming the overall markets so far this year. As we look ahead to Monday morning’s trading session, shares of JNJ stock are set to open at around $175.51 a share.

Source: TD Ameritrade TOS

[Read More] Stocks To Invest In Right Now? 3 Biotech Stocks To Watch

Procter & Gamble (PG Stock)

Last but not least, Procter & Gamble (PG) is a consumer goods company. In brief, the company sells a wide range of products. Such as household cleaning products, personal care products, and over-the-counter healthcare products. Additionally, the company has a strong presence in many markets around the world. It is also a consistent dividend payer. This makes it a potentially good choice for those looking for a steady stream of income from their investments.

Back in October, the company announced better than expected 1st quarter 2023 financial results. In detail, PG reported Q1 2023 earnings of $1.57 per share along with revenue of $20.6 billion. Meanwhile, Wall Street’s consensus estimates for Q1 2023 were earnings of $1.55 per share on revenue of $20.6 billion.

Looking at the last six months of trading, shares of PG stock have recovered by 10.32%, though they are still down 7.65% year-to-date. Furthermore, looking ahead to Monday’s trading action, PG stock looks set to open the week at around $150.44  a share.

Source: TD Ameritrade TOS

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By Brett David

Brett David is a digital marketing and finance professional for nearly 10 years now and a contributing author for His passion for digital marketing and the stock market began after graduating with a B.S.B.A in business administration and finance. After completing college, he went on to becoming an entrepreneur in the marketing and finance space, which led to becoming a contributor to outlets such as,, and

Brett loves the ability to deliver to his readers engaging and educational content that can be easily consumed by the reader. He enjoys writing about a wide variety of companies ranging from blue-chip stocks to the undervalued small and micro cap stocks. His favorite stock market sectors today to write about are: Tech, Cannabis, Mining, Biotech, and TMT.

Brett has worked with hundreds of publicly traded companies on increasing their digital footprint and corporate outreach since 2013.

You can find Brett most of time digging through corporate filings conducting fundamental analysis or at an industry conference looking for the next big trend or company to hit the street. His digital marketing experience gives a competitive edge over other contributing authors by allowing him to see and analyze trends faster than the next person.

Brett, a South Florida native, enjoys spending time with his wife and son outdoors, and is an avid basketball and MMA fan.

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