10 Best Blue-Chip Stocks to Buy for the Long Term

Plus, This Dividend Stock With a Nearly 7% Yield Is a Buy After Selloff, 2 Wide-Moat Stocks Trading at Rare Discounts, and Best Innovative Companies to Own: 2024 Edition. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=53724&elqTrackId=de768682df4f4d21b1711e14d5b7200c&elq=ab22230a6c5f41d4bc1428e02bdcb11b&elqaid=53724&elqat=1&elqCampaignId=27255) [Stock Strategist] Stock Strategist April 29, 2024 Good Morning! Here's the rundown of what's happening in the stock market. It’s been a tough couple road for the stock market of late, but late last week, a round of solid Big Tech earnings provided a respite. Morningstar’s analysts weigh in on [Microsoft]( [Alphabet]( and [Meta]( Tesla also [offered investors]( some long-sought reassurance about its outlook after a brutal start to 2024. Of course, we’ve got plenty more on the earnings front to come, including Apple’s report late Thursday. We’ve got a look at what Morningstar analyst William Kerwin will be watching in [Apple’s earnings]( and his outlook for the stock. Of course, there are more than tech stocks out there, and we have previews of earnings for [Eli Lilly]( and [Albermarle](. Check out our [new company earnings page]( for a complete look at Morningstar’s takes on first-quarter earnings. Highlights of This Week’s Market and Investing Events: - Monday, April 29: Earnings from SoFi Technologies [SOFI]( - Tuesday, April 30: Earnings from Coca-Cola [KO]( Eli Lilly [LLY]( Amazon [AMZN]( - Wednesday, May 1: Earnings from Pfizer [PFE]( April [ADP Employment Survey]( March [Job Openings and Labor Turnover Survey]( - Thursday, May 2: Earnings from Albemarle [ALB]( Apple [AAPL]( - Friday, May 3: [April Employment Situation]( Report Check out our full [weekly calendar]( of economic reports and corporate earnings. For The Trading Week Ended April 26: - The Morningstar US Market Index rose 2.69%. - The best-performing sectors were technology, up 5.01%, and consumer cyclical, up 3.48%. - The worst-performing sector was basic materials, up 0.30%. - Yields on 10-year US Treasury notes rose to 4.67% from 4.62%. - West Texas Intermediate crude prices fell 0.14% to $83.67 per barrel. - Of the 704 US-listed companies covered by Morningstar, 475, or 68%, were up, four were unchanged, and 225, or 32%, were down. Which Stocks Are Up? Snap [SNAP]( Sonic Automotive [SAH]( Groupon [GRPN]( ResMed [RMD]( and Teradyne [TER](. Which Stocks Are Down? TriNet Group [TNET]( Saia [SAIA]( Xerox Holdings [XRX]( Old Dominion Freight Line [ODFL]( and LKQ [LKQ]( And Don't Miss: - [This Dividend Stock With a Nearly 7% Yield Is a Buy After Selloff]( - [After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( - [2 Wide-Moat Stocks Trading at Rare Discounts]( - [The Best Defensive Stocks to Buy]( - [What’s Ahead for Clean Energy Stocks?]( Did a friend forward this email? You can [sign up for free here](. ADVERTISEMENT [media]( [media] [10 Best Blue-Chip Stocks to Buy for the Long Term]( [10 Best Blue-Chip Stocks to Buy for the Long Term]( The stocks of these high-quality companies with large market capitalizations look undervalued today. Margaret Giles [See the List]( Share: [facebook]( [twitter]( [linkedin]( [This Dividend Stock With a Nearly 7% Yield Is a Buy After Selloff]( [This Dividend Stock With a Nearly 7% Yield Is a Buy After Selloff]( Undervalued by 27%, this high-yield stock looks extremely attractive. Matthew Dolgin [Alphabet’s New Dividend: What Investors Need to Know]( [Alphabet’s New Dividend: What Investors Need to Know]( The news is big, but the yield on Alphabet stock will be modest. David Harrell [Going Into Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued?]( Amid concerns about iPhone sales, here’s what we think of Apple stock. William Kerwin [Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?]( Watching for progress on AI efforts, here’s what we think of Palantir stock. Malik Ahmed Khan [Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?]( Watching sales growth in Zepbound and Mounjaro, here’s what we think of Eli Lilly stock. Damien Conover [Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( [Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?]( With continued uncertainty about lithium prices, here’s what we think of Albemarle stock. Seth Goldstein [After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?]( With strong subscription growth, here’s what we think of Netflix stock. Matthew Dolgin [After Earnings, Is Charles Schwab Stock a Buy, a Sell, or Fairly Valued?]( [After Earnings, Is Charles Schwab Stock a Buy, a Sell, or Fairly Valued?]( With an increase in revenues, here’s what we think of Schwab’s stock. Michael Wong [Tesla Stock Undervalued as Outlook Improves]( [Tesla Stock Undervalued as Outlook Improves]( Raising fair value estimate on Tesla stock as Q1 earnings drive affordable model buzz. Seth Goldstein [When Low Risk Means High Risk]( [When Low Risk Means High Risk]( Investment caution can be dangerous, too. John Rekenthaler [2 Wide-Moat Stocks Trading at Rare Discounts]( [2 Wide-Moat Stocks Trading at Rare Discounts]( While growth in this industry slows, the prospects for these well-known brands look attractive. Susan Dziubinski [Best Innovative Companies to Own: 2024 Edition]( [Best Innovative Companies to Own: 2024 Edition]( These companies are expected to benefit from disruptive technologies. Margaret Giles [The Best Defensive Stocks to Buy]( [The Best Defensive Stocks to Buy]( These 10 defensive stocks supply investors with reliable earnings, and often dividends, when markets look uncertain. Tori Brovet [Best International Companies to Own: 2024 Edition]( [Best International Companies to Own: 2024 Edition]( These companies from various corners of the globe are well positioned for the future. Emelia Fredlick, Margaret Giles [Will Earnings From These 10 AI Stocks Live Up to the Hype?]( [Will Earnings From These 10 AI Stocks Live Up to the Hype?]( What to watch for in Q1 reports from Nvidia, Microsoft, Amazon, Broadcom, and more. Bella Albrecht [What’s Ahead for Clean Energy?]( [What’s Ahead for Clean Energy?]( The sector is about very specific names. Here are two stocks our analyst likes. Leslie Norton [Large-Growth Stocks Are Overvalued. Small-Value Stocks Are Undervalued. Here’s Why It Matters]( [Large-Growth Stocks Are Overvalued. Small-Value Stocks Are Undervalued. Here’s Why It Matters]( A look at the implications for expected returns. Larry Swedroe [Proxy Season 2024: How to Act Like an Owner]( [Proxy Season 2024: How to Act Like an Owner]( The basics of proxy voting and Morningstar’s analysis of the themes and companies that will dominate this year. Leslie Norton [Bank of America, Goldman Sachs Urged to Disclose Clean Energy Financing in Proxy Voting]( [Bank of America, Goldman Sachs Urged to Disclose Clean Energy Financing in Proxy Voting]( Abortion rights on the ballot at HCA. The ‘hot topic’ of workers’ rights at Warrior, and the latest in proxy-voting season. Leslie Norton [5 Growth Stocks to Buy From the Best Money Managers]( [5 Growth Stocks to Buy From the Best Money Managers]( These stock picks are popular with top-rated concentrated small- and mid-cap growth fund managers—and they’re undervalued, too. Susan Dziubinski [With Sticky March PCE Inflation, When Will the Fed Hit Its 2% Target?]( [With Sticky March PCE Inflation, When Will the Fed Hit Its 2% Target?]( March PCE inflation index up 2.7%, stronger than expected. Tom Lauricella [Morningstar's Company Reports]( [Morningstar's Company Reports]( Discover actionable insights today. Get Top Stock Picks and Market Insights Every Week on The Morning Filter. Every Monday morning, Susan Dziubinski sits down with Morningstar Chief U.S. markets strategist Dave Sekera to discuss what's on his radar, new Morningstar research, and stock picks or pans for the week ahead. [Watch Now.](morningstar/streams?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_stockstrategist&utm_content=53724) Thanks for reading! Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2024 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602