2 Blue Chip Stocks Investors Can't Afford to Ignore
With the stock market near all-time highs, investors are on the lookout for places to invest spare cash. Thursday morning brought a brief break to the upward momentum on Wall Street, but declines for major market benchmarks were inconsequential. As of 10:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down just 16 points to 34,917. The S&P 500 (SNPINDEX: ^GSPC) gave up seven points to 4,367, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell just a single point to 14,644.
In good times and bad, blue chip stocks offer a level of stability and security that fit many investors' risk profiles. This morning, UnitedHealth Group (NYSE: UNH) and Taiwan Semiconductor Manufacturing (NYSE: TSM) weighed in with their latest financial reports, and even though their share prices were mixed, both companies have high-quality businesses with plenty of prospects for growth. Below, we'll look more closely at what each company said and how they see the future playing out.
Health insurance giant UnitedHealth saw its stock ease lower by about half a percent at mid-morning after having been up during the premarket trading session Thursday. The company's second-quarter financial results showed just how resilient the healthcare industry has been even under highly challenging conditions.
Source Fool.com