3 Forgotten Blue-Chip Stocks That Could Double Your Money

Core Insights - The article emphasizes the potential of overlooked blue-chip stocks that are currently trading at significant discounts, suggesting they may be poised for substantial recoveries in the future [1] Aflac (AFL) - Aflac reported Q1 2024 adjusted earnings per share of $1.66, reflecting a 7.1% increase [2] - The U.S. segment saw a 3.3% rise in net earned premiums and an 80 basis point improvement in persistency to 78.7% [2] - Rising healthcare costs and a focus on employee wellness are expected to drive demand for Aflac's supplemental insurance [2] - The stock has a dividend yield of 2.14% and is anticipated to continue its growth trajectory [2] Dollar General (DG) - Dollar General's net sales for Q1 2024 increased by 6.1% to $9.9 billion, driven by strong consumer traffic [4] - Operating profit decreased by 26.3% to $546 million, but analysts expect a recovery in profits soon [4] - The company maintains its full-year guidance, projecting net sales growth of 6%-6.7% and earnings per share of $6.80-$7.55 [4] - Dollar General is expanding its fresh produce offerings to 5,000 stores and plans to open 800 new stores in 2024 [4][5] Whirlpool (WHR) - Whirlpool's stock has rallied after a 65% drop from its peak, indicating potential long-term upside [6] - The company has an $8.4 billion debt load but holds approximately $1.6 billion in cash, which may help it navigate current challenges [6] - Whirlpool has implemented cost cuts of $800 million in 2023 and plans an additional $300-400 million in 2024 [7] - The company gained over 1% market share in North America in Q4 2023, suggesting a positive trend [7]