4 Blue Chip Stocks That Should Belong In Your Portfolio

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For long-term investors, blue chip stocks are rarely out of favor. While there is an air of positivity in the stock markets currently because the economy is expected to recover quickly, short-term volatility cannot be ruled out. In such a scenario, blue chip stocks are the safest bets. So, Walmart (WMT), Johnson & Johnson (JNJ), 3M Company (MMM), and Lockheed Martin Corporation (LMT) are four stocks that we think could ensure stable returns for one’s portfolio.

The stock markets ended the first quarter of 2021 on a  positive note. Technology stocks are back in action and investors are optimistic ahead of the launch of President Biden’s proposed infrastructure spending. Positivity over a strong economic rebound is likely to define underlying market  sentiment over the next few weeks.

The last few weeks have been a roller-coaster ride for the markets and occasional volatility in the coming days cannot be ruled out. As investor sentiment continues to oscillate, we think it best to protect one’s  portfolio with high-performing blue-chip stocks, such as Walmart Inc. (WMT - Get Rating), Johnson & Johnson (JNJ - Get Rating), 3M Company (MMM - Get Rating), and Lockheed Martin Corporation (LMT - Get Rating). 

If one’s intent is to participate in market gains without exposing oneself to too much risk, these blue chips are the best bets. These  stocks  have weathered several market cycles and remained resilient.

Walmart Inc. (WMT - Get Rating)

WMT is a leading operator of retail, wholesale, and other units globally. Walmart U.S., Walmart International, and Sam’s Club are the three segments through which the company operates.

WMT posted a 7.3% year-over-year increase in its revenue to hit $152.1 billion for the fourth quarter ended January 31, 2021. During the quarter, the company’s comp sales rose8.6% and Walmart’s U.S. eCommerce sales climbed 69%. WMT further stated that its FY22 capital investments are  likely to be $14 billion, to build a supply chain and automation. Its loss per share for the quarter was $0.74 compared to $1.46 posted in the same period last year.

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