From Nasdaq:



The article discusses potential risks and uncertainties for investors in the stock market in 2024, such as the Federal Reserve’s policy pivot, geopolitical events, and major elections. In light of these risks, the article recommends owning blue-chip stocks that are expected to have more than 10% EPS growth over the next five years and trade at a forward P/E ratio below 20. The article highlights three blue-chip stocks for 2024: Constellation Brands (STZ), Meta Platforms (META), and Schlumberger (SLB).

Constellation Brands is expected to see strong revenue and EPS growth, with the beer business rebounding and the company maintaining robust operating margins. Meta Platforms has shown improvements in fundamentals, overcoming revenue headwinds and achieving cost savings through efficiency measures. With its massive reach and growth potential in political advertising, Meta Platforms is considered a valuable blue-chip stock for 2024. Schlumberger, as a leading provider of oil and gas equipment and services, is seeing robust growth due to ongoing demand for hydrocarbons and its leading position in digital transformation in the energy sector.

Overall, the article recommends these three blue-chip stocks as valuable investments for 2024, providing growth potential and undervalued opportunities for investors in the stock market.



Original: 3 Must-Buy Valuable Blue-Chip Stocks for 2024