Blue chip stocks are the foundation of investment portfolios far and wide for good reasons. The first is familiarity — many blue chips are household names.
Investors are drawn to the so-called blue chips because they are the biggest companies in the world. Their market caps are measured in billions, hundreds of billions or even trillions of dollars, and their brands are recognized worldwide. They’re not foolproof — no equity investment is — but these known quantities take some of the guesswork out of stock analysis and selection.
See: 3 Things You Must Do When Your Savings Reach $50,000
Keep reading to learn more about the biggest and best-known companies — and to get acquainted with some of the best blue chip stocks on the market.
Five of the Best Blue Chip Stocks
There is no blue chip stock that will be the best choice for all investors, but the following are some of the best-known, top-performing and most popular blue chip stocks.
1. Pfizer (PFE)
Pfizer has delivered its shareholders enormous gains of 2,649% since the early 1980s. But it’s down nearly 18% on the year, which means it could be a good deal for buyers looking for sales. Its revenue in 2022 alone was a historic $100.3 billion — it logged $31.37 billion in profits. The company’s assets totaled $181.5 billion in 2021.
A rock star of the pandemic era, Pfizer dethroned AbbVie’s Humira as the best-selling drug in the world in 2021. Its Comirnaty COVID-19 vaccine generated…
