7 Blue-Chip Stocks to Buy on the Dip: February 2024 | Markets

Blue Chip Money.jpg

Blue-chip stocks to buy offer greater stability and long-term certainty than smaller equities. These stocks are optimal for buy-and-hold investors. However, investors who monitor the stock market will notice dips from time to time. While dips can cause some investors to panic, savvy individuals recognize these blue-chip stocks to buy dips as buying opportunities. Accumulating shares at discounts can lower your cost basis and increase your potential returns.

Investors seeking resilient companies with less risk and higher margins of safety may want to consider these top blue-chip stocks to buy today.

Visa (V)

Source: Kikinunchi / Shutterstock.com

Visa (NYSE:V) is a part of the global economy’s bedrock. Many investors view the credit and debit card issuer as an economic bellwether. Better, it’s positioned to gain market share as consumers spend more money with its cards.

Visa’s recent earnings report posted net revenue growth of 9% year-over-year. GAAP net income increased by 17% year-over-year, which resulted in a 54.4% net profit margin.

Shares are up by 18% over the past year and have a five-year gain of 95%. Better, Visa is committed to generating value for shareholders through its frequent stock buybacks and dividend distributions. The company repurchased $3.4 billion worth of shares in the final quarter of 2023.

Investors won’t have to worry too much about this stock. It’s resilient, and people will always use debit cards and credit cards to buy products and services.

Walmart (WMT)

Source: Ken Wolter / Shutterstock.com

Another one of the top blue-chip stocks to buy is Walmart (NYSE:WMT), which offers reliable dividend payments and steady appreciation. The equity has a 1.4% dividend yield and has gained 76% over the past five years. The stock is also up by 14% over the past year.

Walmart’s strength is its…

read more investorplace.com

FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.

Ad Amazon Minecraft Clothing, toys, and accessories.

Stay connected throughout the year with official, ongoing Microsoft podcasts.
Microsoft Podcasts Apple | Microsoft podcasts YouTube


“You deserve someone who would make you so happy that you forget that you had ever been sad; someone who would love you so much that you forget that you once wondered if you are worthy of love. You deserve someone who would make you realize that you deserve to be loved; but not just with any kind of love.” —Nica Rodriguez

Related Posts