Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education. engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. As such, investors should stay focused on the best blue chip stocks that are poised to weather the storm – and what better place to start than with the best blue chip dividend stocks? This short list of high-quality names can deliver both income and outperformance in a turbulent market.Snap-On, Inc. With inflation data due out next week, and the next Fed meeting scheduled for the end of this month, the potential for volatility is high.

'This week will likely deliver a make-or-break moment for risk appetite as we will hear Fed Chair Powell's testimony to Congress and find out if the hot January jobs report was an aberration,' says Edward Moya, senior market strategist at currency data provider OANDA (opens in new tab).

Specifically, the February jobs report will be released ahead of Friday's open. Economic data has come in relatively strong recently, and the next big data point is due out at the end of this week. Fed Chair Jerome Powell is set to kick off his two-day congressional testimony tomorrow, with investors anxious for more clarity on the central bank's future plans for interest rates. The rest of the week will draw more economic headlines. 'Apple's installed base growth, secular growth in services, and new product innovation should more than offset cyclical headwinds to product revenue, such as a reduced iPhone unit demand due to a lengthening replacement cycle and reduced consumer demand for the PC & tablet category,' Ng wrote in a note to clients. Elsewhere, Apple ( AAPL (opens in new tab), +1.9%) was one of the best Dow stocks today – second only to healthcare giant Merck ( MRK (opens in new tab), +3.9%) – after Goldman Sachs analyst Michael Ng initiated coverage on the iPhone maker with a Buy rating.

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