Top blue-chip stock picks for strong portfolio performance, with expected revenue and earnings growth

From Nasdaq: 2024-07-12 07:52:00

U.S. stock markets have been performing well, with the Dow lagging behind the S&P 500 and Nasdaq. The Dow is up 5.4% year to date, hitting all-time highs recently. Strong earnings growth potential is seen in select Dow stocks, with positive earnings revisions and high Zacks Ranks.

Amazon.com (AMZN) is benefitting from Prime, AI focus, and third-party seller relationships. The strong adoption of AWS and robust smart home offerings are driving growth. Zacks Rank #2 AMZN has expected revenue and earnings growth rates of 11% and 57.9%.

Apple Inc. (AAPL) is advancing in the AI space with Apple Intelligence and growing customer engagement. Apple TV+ and Apple Arcade are driving subscriber growth. Zacks Rank #2 AAPL has expected revenue and earnings growth rates of 0.8% and 7.5%.

Walmart (WMT) is thriving due to its diversified business and omnichannel initiatives. Delivery services and market share in groceries are growing. Zacks Rank #1 WMT has expected revenue and earnings growth rates of 4.3% and 9.5%.

Chevron Corp. (CVX) is set for production growth, especially in the Permian Basin. The acquisition of Hess Corporation will enhance its presence in Guyana. Zacks Rank #2 CVX has expected revenue and earnings growth rates of 2.3% and 0.4%.



Read more at Nasdaq: Top 4 Blue-Chip Stocks Picks to Strengthen Your Portfolio