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What Stocks To Buy Today? 2 Blue Chip Stocks To Know

Check out these two blue-chip stocks that could be be additions to your long-term portfolio today.

2 Blue Chip Stocks To Watch Today

Blue chip stocks are the shares of large, well-established companies that are considered to be leaders in their respective industries. These companies usually have a long track record of profitability and a history of paying dividends to shareholders. For example, some of the more notable blue chip stocks in the stock market today are the likes of Honeywell International (NASDAQ: HON), Apple, Inc. (NASDAQ: AAPL), and Mastercard Inc. (NYSE: MA) just to name a couple.

Moreover, blue chip stocks are typically among the most expensive companies in the stock market, but they are also considered to be some of the safest investments. This is because blue chip companies are generally less likely to experience sudden changes in performance, and their share prices are often less volatile than those of smaller companies. As a result, blue chip stocks are often seen as a good choice for investors who are looking for stability and income. If reading this has you interested in investing in blue chip stocks, here are two to watch in the stock market now.

Blue Chip Stocks To Watch Now

1. Pfizer Inc. (PFE)

First on our list is Pfizer, Inc. (PFE). In brief, Pfizer is an American multinational biopharmaceutical company. The company develops and produces medicines and vaccines for a wide range of medical disciplines. These include; immunology, oncology, cardiology, endocrinology, and neurology.

Pfizer (PFE) Stock News

Just this week Thursday, Pfizer announced positive top-line phase 3 trial results for its Pentavalent Meningococcal vaccine candidates. The candidates were individuals between the age range of 10 to 25 years old. As a result, the company reported the trial reached all the primary and secondary endpoints. Also in the report, Pfizer said that in light of these trial results, the company now meets the pre-determined criteria for licensure. The company reported it plans on submitting a Biologics License Application to the U.S. FDA in the 4th quarter of this year.

In addition, Annaliesa Anderson, Ph.D., Senior Vice President, and Chief Scientific Officer, Vaccine Research and Development at Pfizer commented in the company’s release, “We are very pleased with these positive Phase 3 data, which are the first for a MenABCWY vaccine candidate. A pentavalent vaccine has the potential to help simplify what is currently a complex meningococcal vaccination schedule in the U.S. and improve vaccine coverage. Our goal is to help ensure as many adolescents and young adults as possible are protected against this devastating disease.

Pfizer (PFE) Stock Chart

As of Friday morning’s trading session, shares of PFE stock are trading at $46.25 per share. Meanwhile, Pfizer stock is down over 18% year-to-date. Aside from that, Pfizer is trading down 25.05% from its 52-week-high of $61.71 per share. With that, could now be a good time to add PFE stock to your long-term portfolio?

Source: TD Ameritrade TOS

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2. Microsoft Corporation (MSFT)

Next on the list, is Microsoft Corporation (MSFT). For the uninitiated, Microsoft is an American multinational technology company. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Meanwhile, its flagship hardware products are the Xbox video game consoles and the Microsoft Surface tablet lineup.

Microsoft (MSFT) Stock News

In July, Microsoft reported its most recent fourth quarter 2022 fiscal results. In the report, Microsoft Corporation reported earnings of $2.23 per share on revenue of $51.9 billion. For clarity, this is in comparison to the street’s consensus estimates for the quarter which were earnings per share of $2.28, and revenue of $52.9 billion.

Furthermore, Amy Hood, Executive Vice President & Chief Financial Officer commented in the company’s release to shareholders, “In a dynamic environment we saw strong demand, took share, and increased customer commitment to our cloud platform. Commercial bookings grew 25% and Microsoft Cloud revenue was $25 billion, up 28% year over year.

Microsoft (MSFT) Stock Chart

Moving along, shares of Microsoft stock continues to struggle in 2022 as shares are down 27.20% as of Friday morning’s trading session at $244.28 per share. What’s more, at these price levels MSFT is currently down approximately 30% from its 52-week highs of $349.67.

As a result, it wouldn’t surprise me if some investors could see this as an opportunity to buy Microsoft stock at a discount. Considering this, do you think MSFT is a good blue-chip stock to have in your portfolio right now?

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By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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