2 Blue Chip Stocks to Buy No Matter What Happens in 2023
Investors are hoping 2023 will be much better than the past 12 months, but there is no guarantee that it will. Some of the economic problems they have encountered this year should persist, and worse, many experts are predicting a recession within the next year. In other words, the market could continue to struggle for a while.
But these issues won't last forever. Eventually, stocks will bottom out, and a rally will follow. In the meantime, buying stocks that can survive in any environment is a good idea. Here are two great examples: Johnson & Johnson (NYSE: JNJ) and Apple (NASDAQ: AAPL). Here's why these blue chip companies can help investors get through good and bad times.
Pharmaceutical giant Johnson & Johnson generates consistent revenue and profits, has a solid pipeline that can allow it to strengthen its lineup of drugs and is an excellent dividend payer. Let's unpack that a bit more, starting with the company's financial results. In the third quarter, J&J's revenue increased by 1.9% year over year to $23.8 billion.
Source Fool.com
