10 of the Best Blue-Chip Stocks to Buy for 2020

Once again for your weekend reading pleasure I submit this recent edition of U.S. News Invested. Knowing that many of you are short-term traders, this may be of limited value, but for others of you who are simply in the market for long-term value in very solid companies, this list of the 10 best blue chippers should be of interest. Enjoy these remaining "dog days" of summer. I just learned this week that this expression is centuries old and refers not to the lazy days of these hot summer weeks but rather to the fact that the "dog" constellation is most visible during the month of August.  

August 14, 2020 View in Browser Invested Advice, rankings and stock market news for investors. Happy Friday, investors! The S&P 500 missed the mark on hitting a new milestone yesterday, closing just below its all-time high – but today is a brand-new day. TODAY'S FEATURED STOCK STORY 10 of the Best Blue-Chip Stocks to Buy for 2020 When investors think of blue-chip stocks, they imagine tried-and-true, large companies with entrenched businesses. They picture robust cash flows, healthy financials and stocks they can own and still sleep well at night regardless of short-term gyrations. Generally, blue chips also sacrifice some growth potential for greater predictability or dividend income. The following stocks, taken together, fit that more conservative mindset – but they should still benefit if markets edge higher. The early part of 2020 has tested their ability to weather hard times, but so far, U.S. News' 10 best blue-chip stocks to buy for 2020 have mostly lived up to their billing: 1. Berkshire Hathaway (ticker: BRK.B, BRK.A). Warren Buffett became a household name by using his uncanny financial savvy to build an insurance empire; Berkshire owns Geico and Gen Re. Berkshire's M.O. is to secure sweetheart deals from businesses in need of instant liquidity or market confidence. 2. AbbVie (ABBV). The company behind the world's best-selling drug, Humira, is also among the best blue-chip stocks to buy for 2020. Offering a 4.9% dividend, AbbVie has investors covered on the income front. Trading at under eight times forward earnings, ABBV appears meaningfully undervalued right now. Click here to continue. The best blue-chip stocks to buy for 2020: Berkshire Hathaway (BRK.B, BRK.A) AbbVie (ABBV) Alibaba Group Holding (BABA) Johnson & Johnson (JNJ) Facebook (FB) British American Tobacco (BTI) McDonald's Corp. (MCD) Duke Energy Corp. (DUK) Dollar General Corp. (DG) Novartis (NVS)