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Best Stocks To Invest In Right Now? 2 Blue Chip Stocks To Know

Blue-chip stocks to watch today.

You can think of blue-chip stocks like the star players on a sports team. Just as a star player is reliable and can be counted on to perform well in a game, a blue-chip company is a large, stable company with a history of dependable performance. These are the companies that have been around for a long time and are leaders in their industries. They’re like the popular kids in school that everyone knows and trusts. You’ve probably heard of many blue-chip companies – they’re names like Apple (NASDAQ: AAPL), Walt Disney Company (NYSE: DIS), and Coca-Cola (NYSE: KO) to name a few.

So why would someone want to invest in blue-chip stocks? Well, these stocks can be a good choice for people who want to make money over time but don’t want to take a lot of risks. These companies often pay out dividends, which is a way of sharing their profits with their shareholders. It’s like if you helped a friend sell lemonade and then they gave you a portion of the money they earned as a thank-you. This makes blue-chip stocks a popular choice for people who want to build up their savings.

However, just like in a sports game, there’s no guarantee of success. Sometimes even star players have off days. Similarly, blue-chip companies can face challenges, such as changes in the economy or new competition. Therefore, it’s important to do your homework and understand the company before you invest in it. Just as you would check the stats of a player before adding them to your fantasy team, you should study a company’s performance before buying its stock. That way, you can make an informed decision and increase your chances of success. With these factors in mind, here are two blue chip stocks to check out in the stock market today.

Blue Chip Stocks To Watch Right Now

Procter & Gamble Co. (PG Stock)

First up, The Procter & Gamble Company (PG) is a globally recognized consumer goods corporation with a diverse portfolio of leading brands. This includes household names such as Tide laundry detergent, Pampers baby products, and Gillette grooming supplies, among many others.

Last month, Procter & Gamble reported better-than-expected third-quarter 2023 earnings results. Diving in, the company posted a Q3 2023 EPS of $1.37 per share, on revenue of $20.1 billion. This is versus Wall Street’s estimates which were earnings of $1.32 per share, along with revenue estimates of $19.3 billion.

Looking that the last month of trading action, PG stock is up 3.07%. While, during Monday’s late-morning trading session, shares of PG stock are trading at $155.71 per share.

Source: TD Ameritrade TOS

[Read More] 3 Semiconductor Stocks To Watch In May 2023

Microsoft (MSFT Stock)

Next, Microsoft (MSFT) is one of the largest and most influential tech companies globally, known for its Windows operating system and Office productivity suite. It has successfully diversified its business, with significant growth in cloud computing through its Azure platform.

Just today, Monday, Microsoft announced new Artificial Intelligence (AI) solutions and enhancements for its service, the Microsoft Cloud for Nonprofit. These updates are intended to revolutionize the nonprofit sector by altering how fundraisers connect with donors, organize campaigns, and streamline their operations. Furthermore, Microsoft has initiated a restricted private preview of a new AI-enabled fundraising model. In this test phase, selected nonprofit organizations can experiment with new AI tools that assist in predicting fundraising targets using data modeling and pinpointing the donors who are most likely to contribute to a campaign, cause, or substantial donation.

Over the last month of trading, shares of Microsoft stock have advanced by 7.09%. While, ahead of Monday’s lunchtime trading session, shares of MSFT stock are trading modestly higher by 0.14% at $309.40 per share.

Source: TD Ameritrade TOS

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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