Core Insights - The article highlights three blue chip stocks that are suitable for new investors: Amazon, Coca-Cola, and Eli Lilly, emphasizing their potential for long-term growth and stability [2] Group 1: Amazon - Amazon is recognized as a leading growth stock with a market cap of $2.3 trillion, indicating significant future growth potential [3] - The company is exploring opportunities in healthcare, including the launch of prescription vending machines, which could disrupt the sector [4] - Amazon's driverless taxi business, Zoox, is in its early stages, and advancements in artificial intelligence (AI) are expected to enhance operational efficiency and customer experience [5] - Over the past four quarters, Amazon has generated $70.6 billion in profit, showcasing its strong financial performance [6] Group 2: Coca-Cola - Coca-Cola is a well-established company with a strong operational model, making it a reliable investment choice [7] - The company has successfully adapted to changing consumer preferences, with its Zero Sugar products becoming significant contributors to its portfolio [8] - Coca-Cola reported $12.2 billion in net income over the last 12 months, with a net margin of 26%, and has a dividend yield of 3%, having increased its dividend for 63 consecutive years [9] Group 3: Eli Lilly - Eli Lilly is a prominent player in the healthcare sector, particularly in the GLP-1 drug market, with products like Mounjaro and Zepbound [10] - The company is expected to introduce a GLP-1 pill next year, which could serve as a major growth catalyst [11] - Eli Lilly has a robust pipeline with numerous phase 3 trials and strong growth prospects, boasting a profit margin of around 26% [12][13]
New to Investing? These Are 3 Solid Blue Chip Stocks You Can Build Your Portfolio Around