5 Best Blue Chip Stocks To Buy in June 2021

Looking for the best blue chip stocks to buy in June? Why shouldn’t you? These stocks provide consistent earnings and general stock price stability. Without wasting any more time, let’s dig into our roundup of the top blue chip stocks.

1. Cisco Systems (NASDAQ: CSCO)

Cisco Systems is a leading American multinational technology company. It is known for developing, manufacturing, and selling computer hardware, software, electronics, and other high-tech products and services.

Since the start of the year, Cisco has added new capabilities to its services platform. It recently unveiled a new 5G Industrial Router portfolio. This would enable organizations to run connected operations at scale with a choice of management tools suited for both IT and operations.

The company’s results this year were impressive. Cisco’s total revenue was up 7% at $12.8 billion, with product revenue up 6% and service revenue up 8%. The firm’s accelerated shift towards software offerings has been successful as it made 81% of software revenue sold as a subscription, up from 76% last quarter.

The number makes Cisco the 6th largest software firm with only Microsoft, Salesforce, Oracle, ADP, and SAP ahead of it.

The share price of Cisco is currently at $53.06 after jumping 0.53% on Friday. These stats are encouraging for any stock, let alone one that is already leading the pack. Cisco is definitely one of the best blue chip stocks to buy this month.

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Merck (NYSE: MERCK)

Merck is a multinational pharmaceutical firm with headquarters in New Jersey. It has developed vaccines and medicines for the world’s deadliest diseases for over a century. The firm, founded in 1891, is one of the most popular pharmaceutical stocks in history.

Merck has been more focused on high-growth products and advanced cancer-fighting medications recently. Its Keytruda product is one of the go-to medicines for a variety of lung cancers and remains the biggest asset for Merck.

Keytruda is one product that will likely continue to push Merck to gain market share thereby aiding its revenues as well in the coming years.

Merck’s first-quarter earnings results released this year show a rise in sales by 6% over the year quarter to €4.6 billion. Sales revenue is expected to jump to €18.5 billion and €19.5 billion this year, according to the company.

With a current price of $77.20, Merck has earned its place with other best blue chip stocks.

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Verizon Communications (NYSE: VZ)

Verizon Communications is a major American multinational telecommunications company and a subsidiary of the Dow Jones Industrial Average. It has a massive market cap of $233.41 billion making it one of the best blue chip stocks to invest in.

Verizon offers voice, data, and video solutions and services to customers using different networks and platforms. The company recently launched a solution that would enable its fleet of Verizon Connect customers to transition seamlessly to 4G network connectivity.

Verizon’s revenue grew to $22.8 billion, an increase of 4.7% year over year in Q1 2021 and is expected to have $32.9 billion in its upcoming results. The company’s share price is pegged at $56.38 making it a decent investment opportunity for investors to grab at the moment.

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Home Depot (NYSE: HD)

Home Depot is the world’s largest home improvement specialty retailer. The company sells building materials, home improvements, and garden products. Reports have it that the firm is currently working on expanding customer experience at its over 1000 rental locations through the new “Rent Online, Pick-up In Store” technology.

Home Depot has a market value of $341 billion. The company estimates their fiscal 2021 and 2022 earnings per share to move up 9.6% and 6.4%, respectively. Right now its earnings estimate is at $3.86 per share.

Looking at Home Depot’s financial results reported in May, it is obvious the firm is doing well. Its revenue rose by 32.7% to $37.5 billion, beating expectations of $34.96 billion.

Home Depot’s price is trading at $313.63. This success is evidence that Home Depot is definitely one of the best blue chip stocks in the market.

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Boeing (NYSE: BA)

The Boeing Company is an American multinational firm that designs, manufactures, and sells airplanes, rockets, satellites, and so on. It has been in the fields since 1916 and continues to dominate with a market cap of $145.255 billion.

Generally, we think of Boeing stock as one of the best blue chip stocks out there that have built a solid reputation over the years.

The firm struggled with production issues and a weak jetliner market last year but expects 2021 to be better as more people get vaccinated and travel again.

This made Boeing’s last earnings result not up to par, however, the company is one of those blue chip stocks that investors would trade-in regardless of how it is doing at the moment.

The plane manufacturer reported a net loss of $561 million for the first three months of 2021 on revenue of $15.2 billion, 10% lower than last year. The company stock is trading at $248.38.

67% of all retail investor accounts lose money when trading CFDs with this provider.