RBC Says to Stay Long the Market: These 4 Top Blue Chips Look Good

Lee Jackson


This is a top industrial that could really jump with an economic pickup. 3M Co. (NYSE: MMM) is a diversified, global manufacturer. Its businesses are technology-driven and organized under five segments: Consumer, Safety and Graphics, Electronics and Energy, Healthcare, and Industrial. Its popular brands include Scotch, Post-It, 3M and Thinsulate. The company also holds over 500 U.S. patents.

The company crushed earnings expectations for the fourth quarter and rallied huge. Top Wall Street analysts commented that the execution at the company remains outstanding, and there was strength in consumer and health care across all of the company’s regions. With margins expanding this remains an outstanding stock to own.

We recently covered the highlights of the company’s analysts day, from which many on Wall Street came away with renewed confidence in the blue chip stalwart. The stock has had a huge run, so there may have been some sell-the-news action.

3M investors are paid a 2.7% dividend. While the consensus price target is at $158.31, the stock closed most recently way above that at $164.39 per share.

Molson Coors

This is another consumer stock that has acted very well recently. Molson Coors Brewing Co. (NYSE: TAP) is a leading global brewer that brews, markets and sells a portfolio of leading premium brands, such as Coors Light, Molson Canadian, Carling, Staropramen and Blue Moon, across North and South America, Europe and Asia.

The company operates in Canada through Molson Coors Canada; in the United States through MillerCoors; across Europe through Molson Coors Europe; and outside these core markets through Molson Coors International. The company is the only alcohol producer currently recognized for world-class sustainability performance through the Dow Jones Sustainability Index.

With the giant brewers joining forces, Molson Coors remains a formidable challenger to the other mega-brewers, and it should continue to be a strong product favorite among consumers.

Investors in Molson Coors are paid a 1.71% dividend. The consensus price target for the stock is $105. The shares closed most recently at $96.11 apiece.

The U.S. market and economy remains one of the best places for investors to put their money. These top companies all make very good sense for growth and income portfolios.