CMCSA - My Favorite 20 Blue-Chip Bargains For 2024
2024-02-10 07:00:00 ET
Summary
- The market is at record highs and some stocks are going parabolic. Many investors fear another dangerous tech bubble could crash the market.
- Fortunately, it's always a market of stocks, not a stock market. World-class blue chips always are trading at good or even great discounts to fair value.
- Even with the market at record highs, here are 20 world-class Ultra SWANs that are 36% historically undervalued.
- They yield almost 4% and have historically delivered 14% to 15% long-term annual returns, and analysts think they could deliver strong returns within the next decade.
- They have delivered 17% annual income growth for 15 years, and analysts think similar income growth is possible in the future.
Today, the market is raging higher as the economy continues to surprise to the upside and big tech's earnings continue to cause jaws to drop.
Microsoft ( MSFT ) announced 33% EPS growth and Meta's ( META ) free cash flow in 2023 more than doubled... to $43 billion!
Meanwhile, analysts keep tripping over themselves, trying to forecast just how much money Nvidia ( NVDA ) will make. The free cash flow estimates are $44 billion in 2024 and $55 billion in 2025.
For context, Nvidia's free cash flow in 2022 was $4 billion, so that's over 1000% growth to its bottom line in two years, and there's no end to the boom in sight....
My Favorite 20 Blue-Chip Bargains For 2024