Blue-chip stocks are well-known, market-leading brands in their respective industries. These are industry behemoths with tried-and-true business models, as well as products and services that have stood the test of time. The majority of these companies pay dividends, which protect investors’ money during periods of modest capital returns. For the first time in almost three years, the US Federal Reserve has lifted interest rates. The Russian invasion of Ukraine has already caused concern in financial markets worldwide. Oil prices are hovering around all-time highs, exacerbating the inherent risk in any investment.
Insider Monkey picked 10 blue-chip stocks to buy in 2022. The industry’s most well-known company is Lockheed Martin Corporation. For decades, the business has worked with the US government on high-level projects. Germany has announced plans to purchase up to 35 Lockheed Martin F-35 stealth fighter fighters. Another defense company working with the US government on a variety of military weapons is General Dynamics Corporation. The surge in geopolitical uncertainty around the world will help the company. It has a dividend yield of 2.19 percent as of March 17. With a market cap of $242.01 billion, Broadcom Inc. is one of the best blue-chip stocks to purchase in 2022. In the foreseeable future, sales growth is expected to accelerate to 20%, providing ‘even greater confidence.’ The Proctor & Gamble Company manufactures and distributes branded consumer items such as beauty, health care, grooming, baby care, and feminine products worldwide. The company has increased its dividend payout for 65 consecutive years and currently offers a 2.32 percent return. With 400 million shares, Berkshire Hathaway is the company’s largest stakeholder. For more details, click Top 10 Blue-Chip Stocks To Buy In 2022.
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