3 Blue Chip Stocks That You Can Buy and Hold for Years
From Nasdaq: 2024-05-23 08:05:00
1. Walmart:
With a revenue of $161.5 billion and a 6% YOY increase, Walmart continues to grow. Its e-commerce and advertising businesses also saw impressive growth rates of 21% and 24% respectively. Walmart plans to open 150 new stores in the U.S. and has a 51-year history of annual dividend increases.
2. Apple:
Despite a 4% decline in net sales, Apple remains a strong investment with $100.4 billion in profit and a record $110 billion share buyback plan. Rumors suggest new AI capabilities and a chatbot in development. Although growth has slowed, Apple’s long-term outlook remains promising.
3. Eli Lilly:
As the most valuable healthcare stock with a $730 billion market cap, Eli Lilly is in a strong position. Its diabetes and obesity control segments are thriving, with new drugs driving revenue growth. Additionally, a potential Alzheimer’s treatment could further boost the company’s growth potential.
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