Out of favor and hurt by inflation & interest rate fears, blue chip stocks are resting near important support levels. For example, there is major support for the Dow 30 at around 5600. We've seen a good bounce off of that level once in recent weeks.
Some blue chips aren't out of favor. Monsanto Co (NYSE:MTC) is up more than 10% in the last month or so. The stock recently split 5-for-1 and increased the dividend for the 24th consecutive year.
Granted, these are no 10, 20 or 30 baggers. But when the economy is growing these stocks deliver consistent returns, year after year. What's your favorite blue chip stock? Why? |
