The 3 Cheapest Blue-Chip Stocks Worth Buying Today

InvestorPlace07-20

These three blue chip stocks are prime examples of value and stability. PDD Holdings (PDD): The company’s successful entry into the U.S. market has propelled it to new heights. Micron Technology (MU):...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 3 Cheapest Blue-Chip Stocks Worth Buying Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-20 18:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/07/the-3-cheapest-blue-chip-stocks-worth-buying-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These three blue chip stocks are prime examples of value and stability.\nPDD Holdings (PDD): The company’s successful entry into the U.S. market has propelled it to new heights.\nMicron Technology (MU):...</p>\n\n<a href=\"https://investorplace.com/2024/07/the-3-cheapest-blue-chip-stocks-worth-buying-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0143863198.USD","symbol_name":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/07/the-3-cheapest-blue-chip-stocks-worth-buying-today/","article_id":"2452977263","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2452977263","pubTimestamp":1721470620,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"These three blue chip stocks are prime examples of value and stability.PDD Holdings : The company’s successful entry into the U.S. market has propelled it to new heights.Micron Technology : Its dominance in the memory market is helping it ride the AI boom.Blue chip stocks are some of the best assets in the stock market. “Blue chip” means well-recognized, respected or established companies that are sought after for reliable growth, consistent returns and stable businesses. Their weight and presence are so impactful that major indices and investors use them as a barometer for the stock market’s overall performance.Here’s the catch, though: blue chips aren’t usually cheap. Their mature businesses and often worldwide presence mean that every investor and their grandma knows about them. That means increased trade volumes, low volatility and high valuations. That doesn’t mean you can’t find cheap blue chip stocks.As the market continues to embrace the possibilities presented by AI, the need ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","BK4146":"鞋类","BK4566":"资本集团","LU0329678170.USD":"FIDELITY EMERGING ASIA \"A\" (USD) INC","BK4558":"双十一","LU0051755006.USD":"摩根大通中国A (dist)","NKE":"耐克","LU0329678337.USD":"FIDELITY EMERGING ASIA \"A\" (USD)","BK4220":"综合零售","BK4535":"淡马锡持仓","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK4141":"半导体产品","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4122":"互联网与直销零售","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","PDD":"拼多多","LU0650527681.SGD":"Fidelity China Consumer A-SGD","L":"洛斯公司","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","BK4512":"苹果概念","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4548":"巴美列捷福持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","MU":"美光科技","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU0455707207.USD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4553":"喜马拉雅资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0737861772.HKD":"FIDELITY EMERGING ASIA \"A \" (HKD) ACC","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC"},"translate_title":"今天值得购买的3只最便宜的蓝筹股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PDD":1,"NKE":1,"MU":1,"L":0.6},"content_text":"These three blue chip stocks are prime examples of value and stability.\nPDD Holdings (PDD): The company’s successful entry into the U.S. market has propelled it to new heights.\nMicron Technology (MU): Its dominance in the memory market is helping it ride the AI boom.\nNike (NKE): Nike’s improvements in earnings are a strong sign that good things are coming.\n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\nBlue chip stocks are some of the best assets in the stock market. “Blue chip” means well-recognized, respected or established companies that are sought after for reliable growth, consistent returns and stable businesses. Their weight and presence are so impactful that major indices and investors use them as a barometer for the stock market’s overall performance.\nHere’s the catch, though: blue chips aren’t usually cheap. Their mature businesses and often worldwide presence mean that every investor and their grandma knows about them. That means increased trade volumes, low volatility and high valuations. That doesn’t mean you can’t find cheap blue chip stocks. \nSometimes, companies are eclipsed by market trends, even if they’re doing exceptionally well. So, today, let’s look at cheap blue chip stocks in the market. \nTo get this list, I screened the stock market using the following criteria: \nBelongs to either the S&P500, Nasdaq 100 or Dow Jones Index,\nMarket cap of $100 billion or more,\n“Buy” to “strong buy” rating from analysts.\nI then sorted the list from highest to lowest based on their potential upside based on analysts’ high price targets. Since I will be holding on to them longer, I should at least be compensated well for the length of my holding period. \nPDD Holdings (PDD)\nSource: Freer / Shutterstock.comOne of the largest e-commerce companies in China, PDD Holdings (NASDAQ:PDD) is a multinational commerce company that operates a list of businesses that focus on the digital economy. The company currently has a market cap of $188 billion. \nPDD operates Pinduoduo, an e-commerce site strategically focusing on high-turnover products like farm or supplier-direct items and groceries. The company’s subsidiary Temu has also started to gain traction and has opened the doors for the company to cater to the U.S. market.\nPDD Holdings had an exceptional first quarter of 2024, as revenue soared 131% year over year, driven by its online marketing and transaction services. Operating profit also experienced a 275% growth. Meanwhile, net income attributable to ordinary shareholders increased by 246%.\nPDD Holdings successfully executed its high-quality development strategy, robust investment in key growth areas and commitment to long-term value creation. Wall Street also has high hopes for PDD stock, with a 93% potential upside and a strong buy. So, checking out PDD might not be a terrible idea if you want to tap into China’s gargantuan e-commerce market. \nMicron Technology (MU)\nAs the market continues to embrace the possibilities presented by AI, the need for GPUs, CPUs and memory chips has never been crucial. That is why Micron Technology (NASDAQ:MU) has been experiencing a surge in performance. Even with a market cap of $148 billion, this tech giant still offers room for growth. \nThe company’s HBM3E memory, which offers lightning-fast data access of 1.2 terabytes per second bandwidth at a 30% lower power consumption, has been selling light hotcakes and is one of its best products that help accelerate the adoption of AI.\nAI’s continuous demand supercharged Micron’s Q3’24 performance. Revenue is up from $3.75 billion to $6.81 billion, nearly double YOY. Gross margins also went green compared to the same period last year. Even more impressive, net income came in at $332 million, a turnaround from last year’s $1.9 billion loss. \nCEO Sanjay Mehrotra highlighted the company’s strong position in high-margin products and record data center SSD revenue, underscoring the strength of its AI product portfolio. \nUnsurprisingly, Wall Street rates MU stock as a strong buy with a potential upside of 73%, making Micron one of the cheapest blue chip stocks today.\nNike (NKE)\nSource: ShutterstockWith a market cap of  $109 billion, Nike (NYSE:NKE) is one of the top brands in athletic footwear, a household name and synonymous with “sneaker culture.”  \nWhile Nike may be famous for its footwear, it is also a global leader in athletic equipment and sports apparel. The company has been facing internal and external challenges, which has put it on a downtrend for a while. However, we may see some light at the end of the tunnel. \nSome analysts have changed their outlook on Nike, particularly Oppenheimer, which has raised its outlook from “Perform” to “Outperform.” Oppenheimer views NKE stock as “largely derisked” and on the road to recovery. \nNike’s FY’24 report indicated a 1% revenue growth year over year, while earnings grew 15%. According to the company, strategic pricing, lower logistics costs and effective expense management contributed to these gains. \nNKE stock has a buy recommendation based on 33 analysts and a 65% potential upside in the next 12 months based on high target prices. As one of the best cheap blue-chip stocks showing signs of recovery, this may be a chance for investors to get in while NKE is at attractive levels.\nOn the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nOn the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.\nRick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/07/the-3-cheapest-blue-chip-stocks-worth-buying-today/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2452977263"}