7 Blue-Chip Stocks to Buy on the Dip
Let’s first define the dip. The SP 500 is currently down 17.83% year-to-date. And it was down nearly 24% just over a month ago. That represents a significant dip and constitutes a bear market by some definitions. And while that overall dip has sheared massive amounts of money from the market capitalizations of companies across the board, there is still opportunity. In this case, we’ll focus on the inherent opportunity in so-called blue-chip stocks. So, what defines blue-chip stocks? Let’s start by establishing that there is no technical definition of blue-chip stocks. The definition is part subjective measures and part objective measures. Typically though, blue-chip stocks are valuable, stable, well-established businesses with household names. They tend to have large market capitalizations, a track record of growth and usually pay dividends. So, let’s look at what makes these companies so special. 7 Nasdaq Stocks to Buy on the Dip Here are seven blue-chip stocks to buy on the dip: Ticker Company Price HD The Home Depot $293.94 AAPL Apple Inc. $153.65 CMCSA Comcast Corporation $42.94 MCD McDonald’s Corporation $256.14 NKE Nike, Inc. $106.71 KR The Kroger Co. $45.65 ABBV AbbVie Inc. $150.23 Blue-Chip Stocks: Home Depot (HD) Source: Cassiohabib | Shutterstock.com Simply looking at Home Depot (NYSE: HD ) stock’s price chart tells a good story.
7 Blue-Chip Stocks to Buy on the Dip
Let’s first define the dip. The SP 500 is currently down 17.83% year-to-date. And it was down nearly 24% just over a month ago. That represents a significant dip and constitutes a bear market by some definitions. And while that overall dip has sheared massive amounts of money from the market capitalizations of companies across the board, there is still opportunity. In this case, we’ll focus on the inherent opportunity in so-called blue-chip stocks. So, what defines blue-chip stocks? Let’s start by establishing that there is no technical definition of blue-chip stocks. The definition is part subjective measures and part objective measures. Typically though, blue-chip stocks are valuable, stable, well-established businesses with household names. They tend to have large market capitalizations, a track record of growth and usually pay dividends. So, let’s look at what makes these companies so special. 7 Nasdaq Stocks to Buy on the Dip Here are seven blue-chip stocks to buy on the dip: Ticker Company Price HD The Home Depot $293.94 AAPL Apple Inc. $153.65 CMCSA Comcast Corporation $42.94 MCD McDonald’s Corporation $256.14 NKE Nike, Inc. $106.71 KR The Kroger Co. $45.65 ABBV AbbVie Inc. $150.23 Blue-Chip Stocks: Home Depot (HD) Source: Cassiohabib | Shutterstock.com Simply looking at Home Depot (NYSE: HD ) stock’s price chart tells a good story.