From NASDAQ.: 2024-04-26 14:26:15

Blue chip stocks are shares in large, stable companies known for consistent performance and reliability. They offer steady dividends and long-term growth potential, but may have slower growth rates and be impacted by market cycles. Despite limitations, they are essential for conservative investment strategies and provide stability within a diversified portfolio.

Alphabet Inc. (GOOGL) reported impressive first-quarter 2024 financial results with earnings of $1.89 per share and revenue of $80.54 billion, surpassing analysts’ estimates. The stock price rose by 10.02% to $171.62 a share during Friday’s trading session. Alphabet, a tech giant with diverse operations, remains a key player in the market.

Colgate-Palmolive Co. (CL) also exceeded expectations in its first quarter of 2024, reporting earnings of $0.86 per share and revenue of $5.07 billion. The stock price increased by 1.90% to $91.02 per share on Friday. Colgate-Palmolive produces a wide range of consumer products available globally, including well-known brands like Colgate and Palmolive.

Waste Management Inc. (WM), a leading waste management company in North America, posted positive first-quarter 2024 financial results with earnings of $1.75 per share and revenue of $5.16 billion. Despite revenue increasing by 4.54% year-over-year, the stock price slightly decreased by 0.69% to $211.21 per share during Friday’s trading. The company offers a range of waste management and environmental services.



Read more at NASDAQ.: Best Stocks To Invest In 2024? 3 Blue Chip Stocks In Focus