Categories
Featured Investing Stock Market Today Stocks to Watch

Best Long-Term Stocks To Buy Now? 3 Blue Chip Stocks In Focus

Blue-chip stocks to watch for your long-term portfolio.

Blue-chip stocks are shares of big, stable, and well-known companies. These companies have been around for a long time, have a strong position in the market, and are good at paying out dividends to their shareholders. They are usually leaders in their industry and don’t have a lot of risk for investors because they have a strong financial base and can handle tough economic times. You can find blue-chip stocks in big market exchanges like the Dow Jones Industrial Average or the S&P 500, which show how the overall stock market is doing.

Investing in blue-chip stocks can be a smart choice if you want a balance between your money growing and getting some extra income. These companies often give regular dividends and can still grow in value. Blue-chip stocks may not make you rich quickly like some riskier investments, but they offer safety and steadiness that’s good for people who don’t want to take big risks or who want to keep their money safe in the long run. With this in mind, here are three blue-chip stocks you should watch in the stock market right now.

Blue Chip Stocks To Watch Right Now

Chevron (CVX Stock)

Leading off, Chevron Corporation (CVX) is a major energy company involved in the exploration, production, and transportation of oil and natural gas. They also invest in renewable energy sources like solar and wind power.

Last week Friday, Chevron reported its latest first-quarter 2023 earnings results. In detail, Chevron reported a beat for its Q1 2023 results, notching in earnings of $3.55 per share, along with revenue of $50.8 billion. This was compared with Wall Street’s estimates for the quarter which were an EPS of $3.36 per share, and revenue estimates of $49.5 billion. Moreover, currently, CVX offers an annual dividend yield of 3.82%.

On Wednesday shares of CVX stock are trading lower on the day ahead of lunchtime trading, down 1.15% at $158.09 a share.

Source: TD Ameritrade TOS

[Read More] Good Stocks To Buy Right Now? 3 Tech Stocks In Focus

Boeing Company (BA Stock)

Next, The Boeing Company (BA) is one of the world’s leading manufacturers of commercial airplanes, military aircraft, and space systems. Despite facing challenges in recent years, Boeing remains a key player in the aerospace industry, with a diverse product portfolio and a global customer base.

Late last month, Boeing announced its Q1 2023 earnings results. Diving in, the company reported a loss of $1.27 per share, with revenue of $17.9 billion. This came in under analysts’ consensus estimates which was a loss of $0.98 per share, and revenue estimates of $17.6 billion. Though, revenue increased by 28.1% versus the same period, the previous year.

Meanwhile, during Wednesday’s late morning trading session, shares of BA stock are trading modestly higher on the day so far up by 0.66% at $204.57 a share.

Source: TD Ameritrade TOS

[Read More] 2 AI Stocks To Watch In May 2023

CVS Health (CVS Stock)

Last but not least, CVS Health Corporation (CVS) is a leading healthcare company in the United States, offering a wide range of services, including retail pharmacy, prescription management, and healthcare clinics.

Today, Wednesday, CVS also reported its 1st quarter of 2023 financial results. Specifically, CVS reported earnings of $2.20 per share. This came in higher than consensus estimates of $2.07 per share. Also, the company posted revenue of $85.3 billion, compared with estimates of $81.0 billion.

Following this news release, on Wednesday shares of CVS stock have dropped by 3.06% on the day so far trading at $70.52 a share.

Source: TD Ameritrade TOS

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, 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 StockMarket.com social media team. He works to delivery top research not only one StockMarket.com 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.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments