Triple Your Portfolio With These 3 Blue-Chip Stocks

Core Viewpoint - A slow and steady investment approach focusing on blue-chip stocks can yield better long-term results than high-risk portfolios, with specific companies identified as having significant growth potential. Group 1: Texas Roadhouse (TXRH) - Texas Roadhouse operates 753 restaurants, with 644 company-owned and 109 franchise locations, showing a year-over-year (YOY) growth of 5.4% for company-owned and 17.2% for franchise restaurants [3] - The company has a market capitalization of $11.5 billion and a price-to-earnings (P/E) ratio of 35, which is considered reasonable compared to peers [4] - Texas Roadhouse reported a 12.5% YOY revenue growth and a 31.0% YOY net income growth in Q1 of 2024, indicating strong financial performance [4] - The stock has increased by 45% year-to-date (YTD) and 211% over the past five years, reflecting its strong market position [5] Group 2: Meta Platforms (META) - Meta Platforms is a trillion-dollar company with significant growth potential, despite its already high valuation [7] - The company achieved a 35% YTD gain and a 170% gain over five years, with net income more than doubling YOY in Q1 of 2024 and revenue increasing by 27% YOY [8] - Meta's primary revenue source is advertising, and while it is expanding into artificial intelligence, it remains fundamentally an ad company [9] - Daily active users across Meta's platforms reached 3.24 billion, marking a 7% YOY increase, indicating strong user engagement [10] Group 3: Elf Beauty (ELF) - Elf Beauty has an 85 P/E ratio, reflecting high investor demand, with the stock up 34% YTD and an impressive 1,470% gain over the past five years [12] - The company achieved its 21st consecutive quarter of net sales growth, with a 71% YOY revenue increase in Q4 of 2024, surpassing $1 billion in net sales for the first time [13] - Despite initial low guidance that concerned investors, Elf Beauty has consistently exceeded expectations and sees significant opportunities in international markets [14]