Is Nestle a blue-chip stock?
Nestle is another excellent choice in the blue-chip consumer staples stock space. The confectionary, packaged food and pet foods maker is the world's largest publicly traded food company and one of Switzerland's most important firms.
Here are three blue-chip stocks that analysts are loving right now. Taiwan Semiconductor (TSM): The company was awarded more than $5 billion in grants to build a U.S. chip plant in Arizona. PepsiCo (PEP): Bottom line growth is expected to improve in the 2024 fiscal year.
A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| Nvidia Corp. (NVDA) | Technology | $1.91T |
| JPMorgan Chase & Co. (JPM) | Financial | $533.63B |
| Salesforce (CRM) | Technology | $262.26B |
| Caterpillar (CAT) | Industrials | $177.11B |
On the valuation front, the stock is significantly overvalued. The easiest way to determine the correct valuation is to take the help of InvestingPro's fair value feature which analyzes a stock by various financial models and takes a mean of all intrinsic values to arrive at a more realistic valuation number.
TSM Stock Forecast FAQ
Taiwan Semiconductor Manufacturing has 13.30% upside potential, based on the analysts' average price target. Is TSM a Buy, Sell or Hold? Taiwan Semiconductor Manufacturing has a conensus rating of Strong Buy which is based on 8 buy ratings, 0 hold ratings and 0 sell ratings.
The industry is growing at a rapid CAGR of 37.9% from 2023 to 2030, and this new plane will push it further. As the market grows, TSM's already excellent financials will only improve, making this company a top stock in 2024.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
| Stock | 2024 return through March 31 |
|---|---|
| MicroStrategy Inc. (MSTR) | 169.9% |
| SoundHound AI Inc. (SOUN) | 177.8% |
| Vera Therapeutics Inc. (VERA) | 180.4% |
| Avidity Biosciences Inc. (RNA) | 182% |
| Stock (ticker) | Market Capitalization |
|---|---|
| AbbVie Inc. (ABBV) | $320 billion |
| Coca-Cola Co. (KO) | $256 billion |
| Nike Inc. (NKE) | $138 billion |
| Goldman Sachs Group Inc (GS) | $133 billion |
What is the hottest stock to buy right now?
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Amazon.com (AMZN) | 1.30 | Strong Buy |
| Microsoft (MSFT) | 1.32 | Strong Buy |
| Delta Air Lines (DAL) | 1.35 | Strong Buy |
| Nvidia (NVDA) | 1.38 | Strong Buy |
- Advanced Micro Devices (AMD)
- Taiwan Semiconductor Manufacturing (TSM)
- Marvell Technology (MRVL)
| Name | Symbol | % Loss |
|---|---|---|
| Bajaj Finance | BAJFINANCE | -10.37 |
| Zee Entertainment Enterprises Ltd. | ZEEL | -8.51 |
| Bajaj Finserv Ltd. | BAJAJFINSV | -6.82 |
| Godrej Consumer Products Ltd. | GODREJCP | -6.41 |
Nestlé has served as a strong safety holding for many years for the Global Growth Portfolio.
There are 2 analysts who have given it a strong buy rating & 13 analysts have given it a buy rating.
Nestlé SA's analyst rating consensus is a Moderate Buy. This is based on the ratings of 14 Wall Streets Analysts.
Its recent drop in stock price creates a buying opportunity. In fact, the consensus among Wall Street analysts is a "buy" rating on TSMC shares with a median price target of $150. Given the opportunities created by the rise of AI and its strong financials, TSMC is well positioned as a good long-term investment.
Strong Buy and Buy respectively account for 77.8% and 11.1% of all recommendations. The ABR suggests buying TSMC, but making an investment decision solely on the basis of this information might not be a good idea.
Largest shareholders include Sanders Capital, LLC, Capital World Investors, Jpmorgan Chase & Co, Fmr Llc, Fisher Asset Management, LLC, Massachusetts Financial Services Co /ma/, Bank of New York Mellon Corp, ABALX - AMERICAN BALANCED FUND Class A, Morgan Stanley, and Royal Bank Of Canada .
American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Company (TSM) fell in intraday trading Thursday, after the chip maker's comments in an earnings call lowering projections for everything apart from artificial intelligence (AI)-related semiconductors offset higher-than-forecast results.
What is the future of TSMC stock?
Stock Price Forecast
The 4 analysts with 12-month price forecasts for TSMC stock have an average target of 162, with a low estimate of 150 and a high estimate of 180. The average target predicts an increase of 26.86% from the current stock price of 127.70.
It has the multiyear tailwind of AI, large customers such as Nvidia, and growing revenue and FCF. Its recent drop in stock price creates a buying opportunity. In fact, the consensus among Wall Street analysts is a "buy" rating on TSMC shares with a median price target of $150.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Motherson Wiring | 71.94 |
| 2. | Hindustan Zinc | 410.55 |
| 3. | Lloyds Metals | 737.00 |
| 4. | NMDC | 240.65 |
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
| T. Rowe Price Group Inc. (TROW) | Financials | 4.3% |
| Chevron Corp. (CVX) | Energy | 3.9% |
Instead, it's the stocks of mega-size companies – Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) – that have soared in price over the past year, propelling the broad market to double-digit returns.
