Most traders are aware by now that the Federal Reserve isn’t joking around when it says it’s going to raise interest rates.
At Chair Jerome Powell’s confirmation hearing on Tuesday, he revealed that the Fed is quickly winding down monthly bond purchases, and said the central bank’s forecast centers around three rate hikes in 2022.
He also noted the labor market is recovering fast, which means the economy is intact.
That means my top blue-chip stocks for Q1 2022 should continue to experience more accumulation as the market becomes more challenging for tech and consumer companies, which tend to decline when rates climb.
Keep in mind that when volatility rises, investors usually seek safety and yield… And the stocks I’m giving away in this video offer a bit of both!
2 Blue-Chip Stocks for Q1 2022
The first blue-chip stock for Q1 2022 is Prudential Financial Inc. (NYSE: PRU), and it’s a little special to me because it’s the first company I ever worked for.
It’s a Fortune 500 company that provides both retail and institutional customers with insurance, investment management, and other financial products and services.
PRU’s one-year return is about 40% and it’s P/E ratio is close to 8, so the stock isn’t grossly overpriced or anything.
It also had four straight quarters of positive earnings surprises …
So it’s easy to understand why I have a price target on PRU of about $132 over the next quarter.
And that’s even more likely if financial stocks continue to see more upside strength.
Check out my short video below to get the next blue-chip stock for Q1 2022 on my list…
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. Anyone placing trades during the week is stacking the deck against themselves…
Look, every week, thousands of headlines like earnings or bad news out of the Federal Reserve or China wreck perfectly good trade setups.
So instead of traders risking their hard-earned cash during the meat of the week, there’s a simple Friday afternoon strategy that skips all the madness…
It taps into some of the most reliable forces in the market, already giving New Money Crew Head Trader Lance Ippolito direct access to trade gains like 90% on ZNGA… 96% on INTC… and even 610% on CRSR!
And since Dec. 23, Lance has closed eight winners out of nine trades!