3 Blue-Chip Stocks to Triple Your Wealth by 2026: June Edition

Group 1: Market Overview - The current market volatility has led to a shift towards small-cap, tech, and growth stocks, which may not provide long-term stability [2][3] - High inflation continues to exceed the Federal Reserve's target of 2%, creating uncertainty in the economic environment [3] Group 2: Fresh Del Monte Produce (FDP) - Fresh Del Monte Produce is considered a defensive blue-chip stock with strong growth prospects despite a slight sales slump in the last quarterly report [5][6] - The company has reduced total debt by 15%, adapting to economic pressures, and has seen a 5% revenue increase in its fresh and value-added sales segment, with avocado sales spiking by 23% [6] - Fresh Del Monte's current dividend yield is 4%, providing an opportunity for investors to build a position through dollar-cost averaging [7] Group 3: Great Lakes Dredge & Dock (GLDD) - Great Lakes Dredge & Dock provides essential services for deepening and expanding waterways, making it relatively recession-proof and a unique investment at the intersection of commerce and climate change [9][10] - The company has a dredging backlog of $879 million and is positioned to benefit from a record-setting U.S. Army Corps of Engineers budget of $8.7 billion, ensuring steady contract cash flow [12] Group 4: Jazz Pharmaceuticals (JAZZ) - Jazz Pharmaceuticals, through its acquisition of GW Pharmaceuticals, is well-positioned in the medical cannabis industry, allowing it to capitalize on the high end of the value chain [13][15] - The company's medication for daytime sleepiness, Xywav, contributes up to 10% of total sales, providing a stable revenue stream as the medical cannabis market evolves [15]