Down Between 5% and 26% in 6 Months, 3 No-Brainer Blue Chip Dividend Stocks to Buy Now
On the surface, 2023 has been a great year for the stock market. But many of those gains have been concentrated in certain sectors, such as tech and communications, and in mega-cap stocks that carry a lot of weight in the indexes.
Many consumer-facing companies have been hit hard by declines in discretionary spending, rising interest rates, and fears of prolonged inflation.
(NASDAQ: SBUX), Nike (NYSE: NKE), and Target (NYSE: TGT) are three blue chip dividend stocks that are down 5.3%, 15.8%, and 26%, respectively, over the last six months despite an 11.3% gain for the S 500. Here's what makes each stock worth buying now.
Source Fool.com
Starbucks Corp. Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Starbucks Corp..
With a target price of 104 € there is a positive potential of 48.25% for Starbucks Corp. compared to the current price of 70.15 €.