In this article, we will be looking at the 10 Best Performing Blue Chip Stocks to Buy.
On April 8, Reuters reported that Wall Street’s main indexes rose to nearly one-month highs after the US and Iran agreed to a two-week ceasefire. The news pushed crude oil prices lower thanks to expectations that energy supplies could start flowing again through the Strait of Hormuz.
This ceasefire announcement came just hours before US President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. A senior Iranian official also suggested that the route could reopen within this week, ahead of peace talks, if both sides agree on a framework for the ceasefire.
Despite this, there are still concerns as fighting is still ongoing in parts of the region, including attacks on Lebanon and the neighboring countries of Iran. Global markets, which had been unstable due to mixed signals in recent weeks, reacted positively. Stock markets in Asia and Europe moved higher and crude prices dropped below $100 per barrel.
Robert Edwards, chief investment officer at Edwards Asset Management, said:
“Even though there is still uncertainty over how durable this ceasefire is, stocks can move higher even without all of the details ironed out… just the scent of thawing tensions is enough.”
With this background in mind, let’s take a look at the 10 best-performing blue chip stocks to buy.
Stocks
Our Methodology
To compile our list of the 10 best-performing blue chip stocks to buy, we reviewed financial media reports and holdings of blue-chip ETFs to compile a list of blue chip stocks. Next, we looked for stocks that have gained the most over the past 6 months. Finally, we ranked the 10 best-performing blue chip stocks to buy based on their 6-month performance as of April 6, 2026. These stocks are also popular among elite hedge funds.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Best Performing Blue Chip Stocks to Buy
10. Herbalife Ltd. (NYSE:HLF)
6-Month Performance: 58.02%
Herbalife Ltd. (NYSE:HLF) is one of the best-performing blue chip stocks to buy. On March 26, Herbalife Ltd. (NYSE:HLF) announced that it has agreed to acquire certain assets from Bioniq, a UK-based company that specializes in personalized supplements.
This agreement supports Herbalife Ltd.’s (NYSE:HLF) goal of becoming a tech-enabled, data-driven health and wellness platform. Bioniq creates personalized supplement formulations using its patented product personalization engine, along with an individual’s health information and a proprietary database of biomarkers. Its products are designed for a wide range of people, from everyday users to top athletes, including Cristiano Ronaldo.
This acquisition will build on Herbalife Ltd.’s (NYSE:HLF) earlier acquisitions of Pro2col and Link BioSciences. By adding Bioniq’s capabilities, the company will be able to expand its range of personalized nutritional supplements across different delivery formats. Herbalife Ltd. (NYSE:HLF) also expects that combining Bioniq’s offering with its own global manufacturing expertise will help it grow personalized nutrition at scale and speed.
According to the report by Herbalife Ltd. (NYSE:HLF), this transaction is expected to be completed in the second quarter of 2026.
Herbalife Ltd. (NYSE:HLF) is a premier health and wellness company that offers high-quality, science-backed nutrition products, which are available exclusively through its educated and trained independent distributors.
9. Corning Incorporated (NYSE:GLW)
6-Month Performance: 73.33%
Corning Incorporated (NYSE:GLW) is one of the best-performing blue chip stocks to buy. On April 2, Mizuho lifted its price target on Corning Incorporated (NYSE:GLW) from $145 to $155 and maintained its Outperform rating on the stock.
As part of a March quarter preview, the research firm adjusted price targets for chemicals and packaging stocks. Mizuho pointed out that 5% of global polyethylene demand may need to be reduced to match the lower supply coming from the Middle East. According to the research note, this situation could benefit some supplies because of higher prices, while others may face challenges due to shortages.
Earlier, on March 23, BofA Securities also raised its price target on Corning Incorporated (NYSE:GLW) from $144 to $155 and kept its Buy rating on the stock.
The research firm said it is increasing its price targets on a higher multiple to reflect greater confidence in the optical cycle playing out, along with expectations of higher content per GPU in scale out.
Corning Incorporated (NYSE:GLW) is a global materials science company that develops and manufactures advanced glass, ceramics, and optical products. It serves several markets, including optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
8. ATI Inc. (NYSE:ATI)
6-Month Performance: 75.25%
ATI Inc. (NYSE:ATI) is one of the best-performing blue chip stocks to buy. On April 1, Wells Fargo analyst David Strauss initiated coverage of ATI Inc. (NYSE:ATI), giving the stock an Overweight rating and setting the price target at $175 for the stock.
The research firm believes ATI Inc. (NYSE:ATI) could surpass expectations, supported by growing market share and higher pricing from long-term contracts being repriced at stronger rates. The analyst noted that although the stock is trading at a premium compared to its historical levels, it is still trading at a “discount to the aero group average, as well as its most comparable peers.”
Earlier, on March 25, KeyBanc analyst Samuel McKinney also assumed coverage of ATI Inc. (NYSE:ATI) with a price target of $140 and an Overweight rating for the stock.
The research firm updated its 2026 outlook for US carbon steel companies after recent due diligence and its first-quarter “Sheet on the Street” survey. KeyBanc’s estimate changes for the first quarter and full year 2026 were mixed. However, the firm maintained its view that the sector’s profitability will improve nicely compared to last year because of better pricing and spreads.
ATI Inc. (NYSE:ATI) is an American producer of high-performance materials and solutions for the specialty energy, aerospace, and defense markets.
7. Seagate Technology Holdings plc (NASDAQ:STX)
6-Month Performance: 76.82%
Seagate Technology Holdings plc (NASDAQ:STX) is one of the best-performing blue chip stocks to buy. On April 6, Morgan Stanley increased its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $468 to $582 and maintained an Overweight rating on the stock.
According to analyst Erik Woodring, Morgan Stanley’s recent checks show that demand for hard disk drives is still strengthening. The research firm’s supply and demand tracker now suggests that shortages could continue through 2028.
Morgan Stanley also noted that the price per terabyte is significantly stronger than earlier expectations. This had led the firm to improve its forecasts for profit margins and earnings per share, putting them further above current market expectations. Morgan Stanley raised its estimates for Seagate Technology Holdings plc (NASDAQ:STX) and added the stock to its Top Pick list.
Seagate Technology Holdings plc (NASDAQ:STX) is a data storage and technology company that offers a portfolio of advanced storage solutions to hyperscale cloud providers, enterprises, and consumers.
6. Micron Technology, Inc. (NASDAQ:MU)
6-Month Performance: 91.79%
Micron Technology, Inc. (NASDAQ:MU) is one of the best-performing blue chip stocks to buy. On April 7, analysts at BofA Securities said that the global push for AI infrastructure is moving into a more stable phase. The research firm pointed out that annual capital investment in this area is expected to nearly triple to $1.4 trillion by 2030.
According to BofA Securities, a steady “capex intensity” of 25% to 30% is expected as hyperscalers and sovereign entities invest in upgrading traditional IT systems to handle AI workloads. The research firm believes that Micron Technology, Inc. (NASDAQ:MU) is well-positioned in the memory subsector, especially in High Bandwidth Memory (HBM), which is essential for modern AI chips.
Analysts at BofA Securities pointed out that while Micron Technology, Inc. (NASDAQ:MU) has faced concerns about reaching “peak margin,” it is currently trading at the low end of its historical price-to-earnings range. At the same time, Micron Technology, Inc. (NASDAQ:MU) is expanding its capacity aggressively and plans to invest over $25 billion in fiscal 2026. The company’s HBM supply is already reported to be sold out through 2026.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
5. Century Aluminum Company (NASDAQ:CENX)
6-Month Performance: 114.72%
Century Aluminum Company (NASDAQ:CENX) is one of the best-performing blue chip stocks to buy. On April 2, Century Aluminum Company (NASDAQ:CENX) reported that President Donald Trump’s new executive order will close valuation loopholes that importers were using to avoid tariffs on steel and aluminum. The company celebrates the recent executive order as it believes this move will help create a more level playing field for US manufacturers.
The Section 232 tariff on primary aluminum remains unchanged at 50%. According to the report by Century Aluminum Company (NASDAQ:CENX), it has increased US aluminum production by 10% since Section 232 was reinforced last year. The company also said it is investing for the long term and has committed billions of dollars to expand capacity, which it expects will double US production while also creating thousands of jobs over time.
Earlier, on March 12, Wells Fargo raised its price target on Century Aluminum Company (NASDAQ:CENX) from $61 to $69 and maintained an Overweight rating on the stock.
The research firm raised its aluminum price forecast after its recent supply-and-demand analysis showed a larger supply deficit expected in 2026. This was even before the risk of further Middle East smelter closures. Wells Fargo noted that “steep” electricity costs are also likely to support aluminum prices.
Century Aluminum Company (NASDAQ:CENX) is a global metals and mining company focused on bauxite, alumina, and aluminum. The company has operations in the US, Iceland, Jamaica, and the Netherlands.
4. Coherent Corp. (NYSE:COHR)
6-Month Performance: 124.94%
Coherent Corp. (NYSE:COHR) is one of the best-performing blue chip stocks to buy. On March 18, Stifel increased its price target on Coherent Corp. (NYSE:COHR) from $235 to $275 and maintained its Buy rating on the stock.
The research firm said that Coherent Corp.’s (NYSE:COHR) recent Technology Innovation Briefing at OFC 2026 strengthened confidence in the company’s position. This event came two weeks after NVIDIA Corporation (NASDAQ:NVDA) made a $2 billion strategic investment and committed to multi-billion dollar purchases. According to Stifel, Coherent Corp. (NYSE:COHR) is well-positioned as a broad vertically integrated photonic platform, benefiting from increased spending driven by the growth of AI data centers.
Earlier, on March 4, Coherent Corp. (NYSE:COHR) announced the launch of its CHR1074 224Gbps quad-channel transimpedance amplifier (TIA). This product is designed to support next-generation 800G and 1.6T optical transceivers.
According to the report by Coherent Corp. (NYSE:COHR), the CHR1074 is built for high-performance AI and cloud infrastructure. It offers ultra-fast link recovery and intelligent power management, which helps improve efficiency and reduce latency in modern data centers.
Coherent Corp. (NYSE:COHR) is an American multinational company that specializes in photonics. It serves datacenter, communications, and industrial markets.
3. Western Digital Corporation (NASDAQ:WDC)
6-Month Performance: 135.45%
Western Digital Corporation (NASDAQ:WDC) is one of the best-performing blue chip stocks to buy. On April 6, Morgan Stanley increased its price target on Western Digital Corporation (NASDAQ:WDC) from $368 to $380 and kept its Overweight rating on the stock.
Analyst Erik Woodring said the firm’s recent checks show that hard disk drive (HDD) demand continues to grow stronger. Morgan Stanley’s supply and demand tracker now suggests that shortages could last through 2028. The firm also noted that the price per terabyte is much stronger than previously expected. As a result, Morgan Stanley raised its estimates for Western Digital Corporation (NASDAQ:WDC).
Earlier, on April 1, Bernstein upgraded its rating on Western Digital Corporation (NASDAQ:WDC) from Market Perform to Outperform and raised its price target from $170 to $340. The firm said that a sharp decline in the share price, caused by concerns over Google’s new TurboQuant compression algorithm, has created a buying opportunity that does not reflect the underlying fundamentals.
Bernstein noted that TurboQuant targets only the KV cache used in AI inference and does not affect demand for hard disk drives. Analyst Mark Newman said that there is “zero impact to HDD demand.” TurboQuant’s impact on NAND flash memory, which is used to offload cold caches, is also said to be negligible.
Western Digital Corporation (NASDAQ:WDC) is an American company that manufactures hard disk drives and other data storage products.
2. Lumentum Holdings Inc. (NASDAQ:LITE)
6-Month Performance: 414.87%
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best-performing blue chip stocks to buy. On March 23, BNP Paribas increased its price target for Lumentum Holdings Inc. (NASDAQ:LITE) from $625 to $1,040 while keeping an Outperform rating. The research firm lifted its EPS estimates for the company. BNP Paribas now forecasts EPS of $25.89 in 2027 and $38.95 in 2028.
Additionally, on March 19, B. Riley said that it is “incrementally positive” on Lumentum Holdings Inc. (NASDAQ:LITE) after the company’s “impressive” presentations at the Optical Fiber Communication Conference. B. Riley has a Buy rating on the stock.
At the Conference, Lumentum Holdings Inc. (NASDAQ:LITE) showcased its technology and product demonstrations designed to meet the growing demands of next-generation AI and data center infrastructure.
Earlier, on March 18, Rosenblatt also reaffirmed its Buy rating on Lumentum Holdings Inc. (NASDAQ:LITE) with a price target of $900. The research firm pointed to the company’s position in AI optical technology and its growth potential through 2030.
Rosenblatt added that Lumentum Holdings Inc.’s (NASDAQ:LITE) focus on lasers positions it well to achieve margins similar to semiconductor companies. The firm also said that the company is making a case for $35 to $50 in EPS in fiscal 2028, with continued growth in fiscal 2029.
Lumentum Holdings Inc. (NASDAQ:LITE) designs and manufactures innovative optical and photonic products and technologies that power the networks and infrastructure behind AI, cloud computing, and next-generation communications.
1. Sandisk Corporation (NASDAQ:SNDK)
6-Month Performance: 479.01%
Sandisk Corporation (NASDAQ:SNDK) is one of the best-performing blue chip stocks to buy. On April 2, Mizuho recommended buying shares of Sandisk Corporation (NASDAQ:SNDK) after a recent decline linked to TurboQuant concerns.
Mizuho’s analyst told investors in a research note that TurboQuant was first explored in 2025 but new results recently highlight improvements in AI inference performance. The research firm noted that performance improvement “actually accelerates the adoption flywheel (Jevons paradox).” Mizuho also believes that the shift from copper to optical technology, which offers ten times more bandwidth, could increase spending on AI servers instead of reducing it. The research firm further stated that worries about OpenAI’s Sora video wind-down are misplaced and that memory demand could see an upside in 2027.
On April 3, Bernstein also showed confidence in Sandisk Corporation (NASDAQ:SNDK) by setting a price objective of $1,000 with an Outperform rating. The firm described the recent drop in the share price, caused by concerns over Google’s new TurboQuant algorithm, as an overreaction by the market. Bernstein argued that the impact of TurboQuant has been overstated.
The research firm’s analysis indicates that hard disk drive demand is expected to remain largely unchanged and any effects on NAND flash memory demand should be minimal.
Sandisk Corporation (NASDAQ:SNDK) is an American computer technology company that designs and manufactures flash solutions and advanced memory technologies, including SSDs, memory cards, and USB Flash Drives.
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