3 Blue-Chip Stocks to Buy and Hold for a Lifetime of Profits
ASML (ASML)
- Focuses on capacity expansion and technological innovation.
- Significant revenue from EUV systems.
- Q1 2024 gross margin of 51%, with net profits of EUR 1.2 billion.
TSMC (TSM)
- Strong financial performance with a gross margin of 53.1% and ROE of 25.4%.
- Expanding manufacturing footprint in Arizona, Japan, and Europe.
- Robust cash flow, with TWD 436 billion from operations in Q1 2024.
Meta (META)
- Utilizes AI to enhance user experience and ad engagement.
- Q1 2024 revenue of $36.5 billion, a 27% increase from Q1 2023.
- Strong financial position with $58.1 billion in cash and a 38% operating margin.