The economies of the United States and China have returned to pre-pandemic levels. By the end of 2021, China’s Gross Domestic Product will have increased from $14.1 trillion in 2019 to around $15 trillion. With inflation expected to continue, it makes sense for investors to invest in well-established companies. For those looking to invest in blue-chip companies, some of the best picks right now are Johnson & Johnson, Bristol-Myers Squibb, and Procter & Gamble.
Here is Insider Monkey’s list of the 11 best blue-chip stocks to buy now. These Realty Income Corporation annual cash dividends have grown from $0.9 to $2.8 over this period. Since its initial public offering in 1994, the firm has grown from managing 630 properties to nearly 11,000 today. Altria Group, Inc. has enjoyed dividend growth for 52 consecutive years. A quarterly dividend of $0.90 per share was recently declared by the company, which is in line with previous payouts. If there’s a crisis, the stock can provide significant protection for investors who buy now at a discount. There are few companies that can claim to be “Dividend Kings” for more than 50 years of dividend growth. 3M Company is one of them. A dividend can only be paid to shareholders if a company has a stable cash flow and an established business. At the end of the third quarter, 58 funds were bullish on Colgate-Palmolive Company. This number has risen to a record high of about 53. There is over $880 million worth of First Eagle Investment Management’s stock. The net income of Capital One Financial Corporation could rise by several hundred million dollars on its own. As interest rates rise in the near future, analysts believe that the stock price will rise as well. As a whole, the market expects the bank to do better in 2022 than it did in 2019. Bank of America recently named Verizon Communications Inc. one of its top picks for the communications sector in 2022. With Verizon and AT&T committing $18 billion in 5G-related spending, the bullish outlook is largely due to the increased spending on 5G networks. For more details, click the 11 Best Blue Chip Stocks To Buy Now.