Are you a sustainable, consistent stock? Here are the best blue-chip stocks to invest in next year.
Blue-Chip stocks are investor favorites; these companies have high-quality business model and provide what an investor wants. Though there are investors which belong to different schools of thought.
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The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
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Some investors are risk-averse, some want to take risks, and then there are newbies. Blue-Chip stocks are a perfect match for investors of every taste. The blue-chip stocks are generally; large-cap, stable, consistent, and well-established businesses. These companies often pay dividends to shareholders.
More or less, blue-stock can be one of the best bets for investors considering the volatility in the stock market this year.
If you are looking for blue-chip stocks in 2021, here are the top three stocks to watch for.
Johnson & Johnson (JNJ)
One of the top-ranked among the blue-chips stock for sustainable investment in 2021 is the health care and consumer goods titan Johnson & Johnson (JNJ). The company has been serving since 1886 and has developed into a well-positioned, diversified, and consistent stock for decades.
The company has deep roots inside the healthcare system. Johnson & Johnson has a variety of medical devices that support doctors and other medical services to professionals. Overall, the company is serving millions of people across the globe in a diversified manner.
Moreover, JNJ is a financially established, well-positioned company. The fact that rating agencies have given a perfect AAA rating to its debt position. This shows that the healthcare products giant has a very low risk of default.
The company stands at a market cap of $410.80 billion, as we write this. JNJ did significantly well this year despite the pandemic impact. JNJ has a dividend yield of 2.62%, which is almost double the rate ofthe U.S. Treasury in 10years.
Procter & Gamble (PG)
Procter & Gamble (PG) is a classic consumer defensive stock. PG is one of the oldest firms being publicly listed on the NYSE. It is one of the most trusted and suitable stock in the market that has been consistent over years.
In the past two years, the company has improved its growth. Especially, this year the nets sales increased 5% to $71 billion. Moreover, for the new year, PG has an improved outlook which will set the stock for higher gains in the long-term. Though it is a blue-chip stock, JNJ has surpassed the S&P 500’s five-year price performance.
P&G has an advantage by being the only blue-chip stock in this industry group. The company has lower volatility and has a dividend yield of 2.30%.
Procter & Gamble (PG) is one of the best stocks in blue-chips. So, keep an eye PG in 2021.
NIKE (NKE)
Nike (NKE) is one of the most popular brands in the world. NIKE is an American multinational enterprise that specializes in footwear, apparel, designing, equipment, marketing, and other accessories across the planet.
This year the NKE stock emerged strongly with a notable growth. However, things were a bit shaky due to the pandemic. Most of the sports activities were paused, which impacted NIKE sales with its partners.
Nike earnings growth was also strong in recent times, though on a bumpy side. The company is focused on innovation and increasing margins. Also, Nike’s Direct business has done well, along with international operations doing solid as well.
The newly appointed CEO, John Donahoe said that the pandemic has accelerated digital growth. Moreover, physical stores have also reopened in most parts of the world.
Recently, the company announced a 12% raise to its dividend. This will upgrade the annual dividend payout to $1.10 per share in 2021.
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The increase in digital adoption will be a major factor in coming times. Moreover, things are expected to get better next year with vaccine deployment. Nike will be once again among at top with growing sales. So, keep NIKE (NKE) stock in your books as you enter 2021.
