ABBV: 3 Blue-Chip Stocks That’ll Help Your Portfolio Survive
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This year, the stock market has experienced wild swings on concerns over the Fed’s interest rate hikes to curb the inflationary pressures and declining economic growth. However , the benchmark indexes recovered significantly since July, with several data releases showing the economy’s resilience.

While the decline in the consumer price index in July from the multi-decade high level raises hopes for cooling inflation and a less aggressive Fed, the red-hot job market might prompt the particular Fed to maintain its hawkish stance to control the still elevated pumpiing. Therefore, many analysts expect the market to remain volatile.

Amid a volatile marketplace backdrop, investing in blue-chip stocks could help you generate stable returns. Blue-chip stocks represent businesses along with consistent earnings and cash flows. The wide market reach, superior pricing power, and high liquidity of these companies help their stocks stay resilient amid marketplace fluctuations.

Blue-chip stocks AbbVie Inc. ( ABBV ), Abbott Laboratories ( ABT ), plus Cigna Corporation ( CI ) are well-positioned to cushion your portfolio with stable returns. So, these stocks could be solid investments now.

AbbVie Inc. ( ABBV )

ABBV is engaged in developing, manufacturing, and selling pharmaceuticals globally. It offers its products in various categories: immunology, oncology, neuroscience, eye care, and women’s healthcare. The company markets its products to wholesalers, distributors, government agencies, health care facilities, and independent retailers.

On July 26, 2022, the European Commission approved the company’s RINVOQ (upadacitinib) for treating adults along with moderate in order to severe ulcerative colitis who have had an inadequate response and lost response or were intolerant to either conventional therapy or a biologic agent. This approval should strengthen ABBV’s ability to treat patients with ulcerative colitis.

ABBV’s net revenues increased 4. 5% year-over-year to $14. 58 billion inside the second quarter ended June 30, 2022. The particular company’s non-GAAP net income increased 10. 7% from your year-ago value to $6 billion, while its adjusted EPS rose 11. 2% from the prior-year quarter to $3. 37.

Analysts expect ABBV’s EPS plus revenue in order to increase 8. 1% and 4. 5% year-over-year to $3. 60 and $14. 99 billion, respectively, within the third one fourth ending September 30, 2022. It has surpassed Street EPS estimates in each of the particular trailing four quarters. ABBV has gained 22. 1% over the past year to close the last trading session at $142. 29.

ABBV’s strong fundamentals are usually reflected within its POWR Ratings . The company has an overall rating of A, which translates in order to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, along with each factor weighted to an optimal degree.

It also has a good A grade for Quality and a B for Growth and Value. Also, it is ranked #8 associated with 171 shares in the Medical – Pharmaceuticals industry. To see the additional POWR Ratings of ABBV for Momentum, Stability, plus Sentiment, click here .

Abbott Laboratories ( ABT )

ABT is engaged in discovering, developing, manufacturing, and selling the diversified line of health treatment products. The company operates through 4 segments: Established Pharmaceutical Products, Diagnostic Items, Nutritional Products, and Medical Devices.

On July 12, 2022, the particular U. S. Food plus Drug Administration (FDA) granted Breakthrough Device Designation in order to explore the use of ABT’s deep brain stimulation (DBS) program, personalized, adjustable therapy that implants thin wires into targeted areas of the brain, in treatment-resistant depression (TRD), a form of major depressive disorder (MDD). With this approval, ABT’s DBS system could become an effective treatment option for TRD patients.

For the second quarter ended June 30, 2022, ABT’s net sales improved 10. 1% year-over-year to $11. 25 billion. The particular company’s operating earnings grew 70. 6% through the prior-year period in order to $2. 38 billion. Also, its modified net revenue increased 20. 2% year-over-year to $2. 54 billion dollars, while the adjusted EPS rose 22. 2% from the prior-year value to $1. 43.

The company’s EPS is expected in order to grow 11% per annum over the next five years. It surpassed Street EPS estimates in each of the trailing four quarters, which will be excellent. Over the past month, the particular stock offers gained 2. 8% to close the last investing session in $111. 90.

ABT’s POWR Ratings reflect this promising outlook. The stock has an overall rating of A, which equates to a powerful Buy within our proprietary ranking system.

It has a B grade for Stability, Sentiment, and High quality. It is usually ranked #2 of 145 stocks in the Medical – Devices & Equipment industry. Click here to see the other ratings associated with ABT with regard to Growth, Worth, and Energy.

Cigna Company ( CI )

CI is an insurance service provider working through Evernorth and Cigna Healthcare segments. The organization offers a range of coordinated and point solution health services and intelligence solutions through its Evernorth segment. On the particular other hand, its Cigna Healthcare section provides products and services, including medical, pharmacy, behavioral health, dental, vision, plus health advocacy programs regarding insured and self-insured customers.

On 06 16, 2022, the company’s Board of Directors announced a repurchase of $3. 5 billion of common stock through accelerated stock repurchase agreements. This agreement is expected to return significant worth to the shareholders plus generate solid cash flow.

On This summer 1, 2022, CI announced that it had completed the divestiture of its life, accident, and supplemental benefits businesses in six markets across the Asia Pacific in order to Chubb Ltd. ( CB ) within approximately $5. 40 billion dollars transaction. “The completion associated with this transaction allows us to focus further our efforts to grow our own global wellness portfolio, ” said David M. Cordani, chairman and CEO of CI.

In the fiscal following quarter (ended June thirty, 2022), CI’s total revenues increased 5. 4% year-over-year to $45. 48 billion. Its altered income through operations increased 9. 6% from the year-ago value to $1. 98 billion dollars. The company’s adjusted income from operations per share came in from $6. twenty two, representing a good 18. 7% year-over-year improvement. Also, the adjusted EBITDA rose eight. 6% from the prior-year value in order to $3. twelve billion.

Experts expect CI’s EPS to increase 6. 9% year-over-year to $5. ten in the particular fiscal fourth quarter (ending December 31, 2022). Its revenue intended for the current quarter ending September 30, 2022, is definitely expected to come in with $44. 71 billion, representing a marginal increase year-over-year. It exceeded the consensus EPS estimations in every of the trailing four quarters. The particular stock has gained 37. 1% more than the prior year in order to close the particular last trading session on $290. 87.

CI’s strong fundamentals are usually reflected in its POWR Rankings. The share has an overall rating of A, equating to a Strong Buy inside our amazing rating system.

CI has a B quality for Development, Value, plus Quality. The stock can be ranked #5 of 11 in the A-rated Healthcare – Health Insurance business. Click here to see CI’s ratings to get Momentum, Stability, and Emotion.


ABBV shares were investing at $143. 59 per share on Tuesday morning, up $1. 30 (+0. 91%). Year-to-date, ABBV offers gained 9. 07%, versus a -9. 10% rise in the particular benchmark S& P 500 index during the same period.

About the Author: Shweta Kumari

Shweta’s profound attention in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses the girl knowledge to help retail investors make educated investment decisions. More…

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