Best Blue Chip Stocks To Buy For 2019

Now that summer is upon us and the first-quarter earnings season is clearly in the rearview, many of the top firms on Wall Street are making some changes to the lists of their high-conviction stock picks for clients for 2018. Although markets have been relatively quiet for the past month, it makes sense to examine the lists and make some changes as the rest of the year could have additional volatility as the political and world landscape looks to remain unsettled.

One of the firms followed here at 24/7 Wall St. is regional boutique broker Wedbush, who over the years has built a strong reputation on stock picking, often following companies that have smaller market capitalizations than the blue chips.

The company’s Best Ideas list beat the S&P 500 in May, up 5.5%, compared to the index’s 2.2%. Year to date, Wedush’s Best Ideas list is up 17.5%, versus only 1.2% for the S&P 500.

Activision Blizzard Inc. (NASDAQ: ATVI) is still at the top of the list. Wedbush believes that the company could earn $3.00 as early as this year by optimizing King’s untapped ad opportunity and monetizing its Overwatch League. While Wedbush has modeled more modest earnings for 2018, the firm believes that Activision’s new investments have the potential to significantly expand its margins and profits for the next several years.

Best Blue Chip Stocks To Buy For 2019: PDC Energy, Inc.(PDCE)

Advisors’ Opinion:

  • [By Max Byerly]

    Get a free copy of the Zacks research report on PDC Energy (PDCE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    An issue of PDC Energy Inc (NASDAQ:PDCE) debt fell 1% against its face value during trading on Friday. The debt issue has a 6.125% coupon and is set to mature on September 15, 2024. The debt is now trading at $97.50 and was trading at $99.63 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

  • [By Ethan Ryder]

    PDC Energy (NASDAQ:PDCE) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

    REDHILL BIOPHAR/S (NASDAQ:RDHL) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on PDC Energy (PDCE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Matthew DiLallo]

    In addition to supporting the growth of its parent, Noble Midstream will also assist third-party producers. One of the drivers is a partnership it formed with a private-equity-backed midstream company last year to buy the Black Diamond Gathering system in the DJ Basin. That system initially supported the production of six customers, including PDC Energy (NASDAQ:PDCE). However, the partners have gone on to expand their relationship with PDC Energy as well as recently adding a new customer into the fold, which has enhanced the system’s growth prospects.

Best Blue Chip Stocks To Buy For 2019: SPDR S&P 500 ETF (SPY)

Advisors’ Opinion:

  • [By Selena Maranjian]

    It’s also smart to make good use of a 401(k) account at work, if you have one, as that also automatically withdraws preset sums from your paychecks, plowing it into retirement savings. (Each year, aim to increase the percentage of your income you contribute to your 401(k) — and to your other savings accounts, too.) Be sure to invest that money effectively as well, remembering that long-term dollars are likely to grow the fastest in stocks. Thus, consider a low-cost, broad-market index fund such as the SPDR S&P 500 ETF (NYSEMKT:SPY), Vanguard Total Stock Market ETF (NYSEMKT:VTI), and Vanguard Total World Stock ETF (NYSEMKT:VT).

  • [By Dan Caplinger]

    Yet when it comes to investing, reward often comes from being willing to take on risk. Over the past 10 years, investors who’ve been willing to look at smaller companies have seen much stronger returns than those who’ve stuck with the tried-and-true big names that are more familiar to them. When you look at exchange-traded funds tracking indexes composed of companies of different sizes — SPDR S&P 500 (NYSEMKT:SPY) for large companies, SPDR S&P Midcap 400 (NYSEMKT:MDY) for midsize companies, and SPDR S&P SmallCap 600 (NYSEMKT:SLY) for small companies — you can put a number on just how much better smaller stocks have done:

  • [By ]

    Twenty years ago, two investors decided to put some money to work. Investor A bought shares of the SPDR S&P 500 ETF Trust (NYSE: SPY). Investor B bought shares of steady Eddy dividend payer Southern Company (NYSE: SO). Both investors held on to their shares through thick and thin over the 20-year period. How did they do?

  • [By Shane Hupp]

    ETRADE Capital Management LLC reduced its holdings in SPDR S&P 500 Trust ETF (NYSEARCA:SPY) by 0.9% in the 1st quarter, HoldingsChannel reports. The fund owned 1,032,072 shares of the company’s stock after selling 9,247 shares during the period. SPDR S&P 500 Trust ETF makes up about 8.7% of ETRADE Capital Management LLC’s portfolio, making the stock its 2nd biggest position. ETRADE Capital Management LLC’s holdings in SPDR S&P 500 Trust ETF were worth $271,590,000 at the end of the most recent quarter.

  • [By Joseph Griffin]

    Kovack Advisors Inc. lifted its holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 33.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 63,124 shares of the company’s stock after acquiring an additional 15,772 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 4.7% of Kovack Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Kovack Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $18,351,000 as of its most recent SEC filing.

Best Blue Chip Stocks To Buy For 2019: Industrial Select Sector SPDR ETF (XLI)

Advisors’ Opinion:

  • [By Jim Crumly]

    Industrials led the market, with the Industrial Select SPDR ETF (NYSEMKT:XLI) rising 1.5%. Biotechnology stocks struggled; the SPDR S&P Biotech ETF (NYSEMKT:XBI) fell 2%.

  • [By Jim Crumly]

    Industrial stocks suffered the biggest losses, with the Industrial Select SPDR ETF (NYSEMKT:XLI) dropping 2.1%. Biotech shares had a good day, though; the iShares NASDAQ Biotechnology ETF (NASDAQ:IBB) rose 1.5%.

  • [By Jim Crumly]

    Export-dependent industrial stocks were especially affected by trade concerns; the Industrial Select SPDR ETF (NYSEMKT:XLI) dropped 1.5%. Retail stocks also suffered today, with the SPDR S&P Retail ETF (NYSEMKT:XRT) losing 1.9%.

  • [By Paul Ausick]

    3M is the second-largest holding in the Industrial Select Sector SPDR ETF (NYSEARCA: XLI) at 5.29%. Boeing is the largest with a 7.93% share of the fund, but even it’s 22% year-to-date share price increase isn’t enough to push the fund’s increase for the year even to the same level as the Dow’s gains. The sector is just stuck in neutral, and nobody is sure if that’s as bad as it could get.

  • [By ]

    Shares of the Industrials Select Sector SPDR (NYSE: XLI) returned 28% over the year to mid-February and the sector trades a premium of 22% on its long-term forward multiple.

Best Blue Chip Stocks To Buy For 2019: Health Net Inc.(HNT)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Huntsworth (LON:HNT)‘s stock had its “add” rating reiterated by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday.

  • [By Stephan Byrd]

    Huntsworth plc (LON:HNT) insider Paul Taaffe sold 1,243,445 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of GBX 110 ($1.44), for a total transaction of £1,367,789.50 ($1,787,259.24).

Best Blue Chip Stocks To Buy For 2019: Solar Senior Capital Ltd.(SUNS)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Hercules Technology Growth Capital (NYSE: HTGC) and Solar Senior Capital (NASDAQ:SUNS) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their risk, profitability, dividends, institutional ownership, valuation, analyst recommendations and earnings.

  • [By Logan Wallace]

    These are some of the headlines that may have impacted Accern’s scoring:

    Get Solar Senior Capital alerts:

    Financial Survey: Solar Capital (SLRC) vs. Solar Senior Capital (SUNS) (americanbankingnews.com) Research Analysts Offer Predictions for Solar Senior Capital Ltd’s Q1 2019 Earnings (SUNS) (americanbankingnews.com) Solar Capital Ltd (SLRC) CEO Michael Gross on Q2 2018 Results – Earnings Call Transcript (seekingalpha.com) Solar Senior Capital’s (SUNS) Buy Rating Reiterated at Maxim Group (americanbankingnews.com) Solar Senior Capital NII in-line, misses on revenue (seekingalpha.com)

    SUNS stock traded down $0.07 during trading on Monday, hitting $16.85. The company had a trading volume of 7,787 shares, compared to its average volume of 28,851. The company has a market capitalization of $271.40 million, a PE ratio of 11.95 and a beta of 0.60. Solar Senior Capital has a 52-week low of $16.10 and a 52-week high of $18.40.

  • [By Logan Wallace]

    Maxim Group reaffirmed their buy rating on shares of Solar Senior Capital (NASDAQ:SUNS) in a research report released on Tuesday. They currently have a $18.50 target price on the asset manager’s stock.

  • [By Max Byerly]

    Solar Senior Capital Ltd (NASDAQ:SUNS) announced a monthly dividend on Thursday, June 7th, Wall Street Journal reports. Investors of record on Thursday, June 21st will be paid a dividend of 0.1175 per share by the asset manager on Tuesday, July 3rd. This represents a $1.41 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Wednesday, June 20th. This is a boost from Solar Senior Capital’s previous monthly dividend of $0.12.

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