List of Bluechip Stocks
Blue chip stocks are the stocks of well-established companies that are financially sound. These stocks are known to push through economic downturns and still offer steady growth, so during economic crisis, investors add such stocks to their portfolios. Blue chip stocks are generally less volatile, which means that the share price moves less frequently. Most blue chips provide dividends that can add income or growth to your portfolio.
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Pfizer Inc.
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Pfizer Inc (PFE) is the largest pharmaceutical company in the world. Annual sales reach 50 billion. This large-cap stock has a market size of 109 billion and has a low price-to-earnings ratio of 7.4. This ratio determines how expensive the stock is. Pfizer has a strong foundation to whether the storm. Pfizer has more than 100 drugs within its pipeline. A deal with Wyeth allows Pfizer to increase its pipeline and have access to other fields of medicine. Pfizer offers a 3.9 percent dividend.
Freeport-McMoran
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Freeport-McMoran Copper & Gold (FCX) operates mines that produce copper, gold and molybdenum. Its Indonesian Grasberg mine has the world's largest copper and gold mine recoverable reserves in the world. The company operates mines in North and South America, as well as the Democratic Republic of Congo. However, FCX may not be for the conservative investor. It has high volatility, which can equal rapid gains or losses.
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Verizon Communications
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Verizon Communications (VZ) is the largest U.S. phone company, serving about 30 percent of the population. Verizon Wireless also has global access through its long-haul network and its 55 percent partnership with Vodafone, which serves more than 80 million customers. Verizon acquired wireless provider Alltel in January 2009. Although, Verizon faces uncertainty because of the decline in fixed phone service. On the upside, Verizon offers a 6.1 percent dividend.
Diversification
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The No. 1 rule to investing is diversification. Too many holdings in one sector can result in losses. Spread the risk around. Sometimes a decline in a stock can have an effect on a whole sector. Mix it up. You could have some holdings in telecom, energy and consumer staples. Bonds and high dividend investments add protection and growth to you holdings without becoming too risky.
Considerations
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Stocks are not for every investor, and all investments have risk. Consult a financial professional for further advice.
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