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7 Stocks to Buy on
Every Single Dip

INTRODUCTION
Investing in blue-chip stocks is about
building a steady portfolio that can
withstand any market situation.

These stocks can generate passive

income in the form of dividends and keep
your money safe. Such companies have a
strong balance sheet, impressive
products, and a solid history.

*Information accurate as of 29 Oct 2023

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MICROSOFT (MSFT)
Microsoft offers products and services
that have become an integral aspect
of several businesses. It proved its
strength in the recent quarterly results
when it beat estimates.

EPS stood at $2.29 and the company announced a quarterly

dividend of $0.75. Hence, MSFT is a buy on every single dip.

ALPHABET (GOOGL)
Alphabet reported better-than-
expected results, but the Cloud
segment did not meet Wall
Street expectations. It reported a
revenue of $79.69 billion and an
EPS of $1.65.

Nonetheless, Alphabet is here to stay and it has a diverse

portfolio of products that will continue to remain in demand
for years to come.

*Information accurate as of 29 Oct 2023

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TESLA (TSLA)
Tesla has recently suffered due to the
pullback in consumer spending.
However, TSLA will probably continue
the downward momentum for a few
weeks before it rises.

Tesla is known for its innovation and it is likely to bounce

back in the upcoming few months.

AMAZON (AMZN)
The e-commerce giant has become a
household name is set to gain in the
upcoming holiday season. In particular, its
Amazon Web Services is a strong growth
driver.

This is one company that will never go out of demand and

holding AMZN stock will ensure steady growth and capital
appreciation.

*Information accurate as of 29 Oct 2023

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VISA (V)
In the recent quarter, Visa
reported a profit margin of over
50% and an operating margin of
63%.

Visa is a very safe stock that will bring stability to your

portfolio. Visa will continue to soar higher in 2024 as the
economy improves and consumer spending increases.

NVIDIA (NVDA)
Nvidia has soared 181% YTD. Not many stocks have the
potential to achieve this

Nvidia has been enjoying the success of

artificial intelligence (AI) and it beats
estimates and impresses investors with
each quarterly result

*Information accurate as of 29 Oct 2023

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META PLATFORMS
(META)
One of the Magnificent Seven, META is up 130% YTD. The
company heavily relies on advertising revenue and it did see
a slowdown in the segment earlier.

In the recent quarter, it beat revenue estimates and saw a

23% rise to $34.15 billion. EPS also increased to $4.39. The
tech giant’s operating margin doubled to reach 40%.

This was the company’s most profitable quarter and the

growth momentum will likely continue through 2024.

*Information accurate as of 29 Oct 2023

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About Me

Vanesa Loh

Vanessa Loh
Ascendence Wealth Management,
Financial Consultant
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DISCLAIMER
The above information is provided for
general information only and does not
constitute as financial advice. While we
have taken care to check the source of the
information, we cannot guarantee that the
information is accurate, complete or will
suit your individual financial needs. Please
seek the advice of your financial advisor or
refer to the original source for more detail.

Adapted from: https://investorplace.com/2023/10/7-blue-chip-stocks-

to-buy-on-every-single-dip/