Top 5 Blue Chip Stocks To Own Right Now

Wall Street on Monday didn’t just cash in on one winner, or a daily double, or even a trifecta. It notched a stock market-style superfecta, with all four major U.S. stock indexes — representing blue chip names, technology stocks, small caps and large-company stocks — all closing at record highs on the same day for the first time in 17 years.

The post-election rally began two weeks ago with so-called “Red Stocks” ripping higher after Republican Donald Trump’s surprise win on Nov. 8. The rally, which has been fueled by hopes that the president-elect’s growth-friendly policies will finally jolt the U.S. economy out of its multi-year doldrums, has spread to virtually every corner of the stock market.

All-time highs were in abundance to start the week: Blue chips in the Dow Jones industrial average closed up 89 points to a record 18,956.69, extending its 2016 gain to nearly 9%. The benchmark Standard & Poor’s 500 finished 0.8% higher at 2198.18, its highest close ever. The tech-packed Nasdaq composite rallied 0.9% to a record 5368.86. And the Russell 2000, a stock index filled with the market’s smallest companies, extended its winning streak to 12 sessions on its way to an all time record close of 1322.23 and a 16.4% gain for the year. That is the Russell 2000’s longest winning streak since June 2003.

Top 5 Blue Chip Stocks To Own Right Now: Costamare Inc.(CMRE)

Advisors’ Opinion:

  • [By Logan Wallace]

    COSTAMARE Inc/SH (NYSE:CMRE) has received an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.75.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on COSTAMARE Inc/SH (CMRE)

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

  • [By Rich Smith]

    Shares of three big oceangoing container-shipping companies — Triton International (NYSE:TRTN), Seaspan (NYSE:SSW), and Costamare (NYSE:CMRE) — suffered huge losses in early trading Friday after Wells Fargo announced it was downgrading “the entire container complex,” as StreetInsider.com put it.

  • [By Logan Wallace]

    COSTAMARE Inc/SH (NYSE:CMRE) shares hit a new 52-week high during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $8.15 and last traded at $8.10, with a volume of 15988 shares trading hands. The stock had previously closed at $7.98.

Top 5 Blue Chip Stocks To Own Right Now: Astronics Corporation(ATRO)

Advisors’ Opinion:

  • [By Max Byerly]

    Carillon Tower Advisers Inc. bought a new stake in Astronics Co. (NASDAQ:ATRO) in the 1st quarter, Holdings Channel reports. The firm bought 100,125 shares of the aerospace company’s stock, valued at approximately $3,734,000.

  • [By Joseph Griffin]

    Astronics Co. (NASDAQ:ATRO) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.67.

  • [By Ethan Ryder]

    Astronics (NASDAQ: ATRO) and Ducommun (NYSE:DCO) are both small-cap aerospace companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, earnings, profitability, institutional ownership, valuation and analyst recommendations.

  • [By Shane Hupp]

    Shares of Astronics Co. (NASDAQ:ATRO) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.67.

  • [By Joseph Griffin]

    Astronics (NASDAQ: ATRO) and TransDigm Group (NYSE:TDG) are both aerospace companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.

  • [By Stephan Byrd]

    Astronics (NASDAQ: ATRO) and Ducommun (NYSE:DCO) are both small-cap aerospace companies, but which is the better stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, profitability, risk, earnings and institutional ownership.

Top 5 Blue Chip Stocks To Own Right Now: TriCo Bancshares(TCBK)

Advisors’ Opinion:

  • [By Max Byerly]

    News articles about TriCo Bancshares (NASDAQ:TCBK) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TriCo Bancshares earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.135433392334 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on TriCo Bancshares (TCBK)

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

  • [By Max Byerly]

    Get a free copy of the Zacks research report on TriCo Bancshares (TCBK)

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

  • [By Logan Wallace]

    TriCo Bancshares (NASDAQ:TCBK) and FB Financial (NYSE:FBK) are both small-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, risk, earnings, valuation, profitability, analyst recommendations and dividends.

Top 5 Blue Chip Stocks To Own Right Now: McKesson Corporation(MCK)

Advisors’ Opinion:

  • [By Max Byerly]

    BB&T Securities LLC grew its position in McKesson Co. (NYSE:MCK) by 25.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,716 shares of the company’s stock after purchasing an additional 17,142 shares during the quarter. BB&T Securities LLC’s holdings in McKesson were worth $11,933,000 at the end of the most recent reporting period.

  • [By Max Byerly]

    Nomura Asset Management Co. Ltd. boosted its stake in shares of McKesson Co. (NYSE:MCK) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,772 shares of the company’s stock after purchasing an additional 1,411 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in McKesson were worth $5,305,000 at the end of the most recent reporting period.

  • [By Stephan Byrd]

    Piedmont Investment Advisors LLC cut its position in McKesson Co. (NYSE:MCK) by 79.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,897 shares of the company’s stock after selling 33,689 shares during the period. Piedmont Investment Advisors LLC’s holdings in McKesson were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Top 5 Blue Chip Stocks To Own Right Now: Norwood Financial Corp.(NWFL)

Advisors’ Opinion:

  • [By Max Byerly]

    Media headlines about Norwood Financial (NASDAQ:NWFL) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Norwood Financial earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.6420547965898 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

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