Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.
The root of the term “blue chip” stems from the game of poker, as the blue chips represent the highest value. Investing in blue chip stocks can give you an additional measure of safety in today’s turbulent markets.
Pat McKeough believes investors will profit most, and with the least amount of risk, by putting the bulk of your stock portfolio in shares of blue chip companies—those that are well-established, with strong balance sheets and steady earnings and cash flow. These are companies that have bright prospects in healthy and growing industries.
The best blue chips offer both capital gains growth potential and regular dividend income. The dividend yield is certainly one of the most concrete indicators of a sound investment. It is the percentage you get when you divide the current yearly dividend payment by the share or unit price of the investment. It’s an indicator we pay especially close attention to when we select stocks to recommend in our investment newsletters.
We feel most investors should hold the largest part of their investment portfolios in securities from blue chip companies. All these stocks should offer good “value”—that is, they should trade at reasonable multiples of earnings, cash flow, book value and so on. Ideally, they should also have above average-growth prospects in expanding markets.
Meanwhile, when investing in any type of stock, at TSI Network we recommend using our three-part Successful Investor strategy:
1-Invest mainly in well-established companies;
2-Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
3-Downplay or avoid stocks in the broker/media limelight.
 True Blue Chips pay offLearn everything you need to know in ‘The Best Blue Chips for Canadian Investors’ for FREE from The Successful Investor. Canadian Blue Chip Stocks: Bank of Nova Scotia Stock, CP Rail Stock, CAE Inc. Stock and more. |
Improved sales of landline phone, Internet, TV and home security services led to a 6.8% jump in revenue for this company during the most-recent quarter.
A recent partnership with a major auto maker should add new revenue areas as the firm continues to build out its… Read More
Earnings should continue to rise as the global economy expands and the company’s three-pronged expansion plans bear fruit.
The firm recently announced that it’s considering selling or spinning off part of its artificial intelligence firm, which could prompt additional spinoffs to unlock more value.
In the meantime,… Read More
Improved sales led to a 0.3% revenue bump for this company during the most-recent quarter. It also beat the consensus earnings estimate.
A recent spinoff offered its investors an interesting opportunity going forward.
Meanwhile the stock trades at just 11.5 times the company’s 2022 earnings forecast.
INTERNATIONAL BUSINESS… Read More
Business for our two top Canadian insurance recommendations, both in Canada and internationally, remains strong. These two stocks have recovered all the ground they lost in March 2020, and we think they’re now poised to move even higher.
Meanwhile, each insurer offers you solid, sustainable… Read More
Improved sales of software subscriptions, undisrupted by the pandemic, led to a 22% jump in revenue for this company during the most-recent quarter.
A recent video collaboration software acquisition should improve customer loyalty and expand the company’s reach to consumers.
The stock trades at 54.4 times the… Read More
This company prefers to make its own computer chips instead of outsourcing its designs to other manufacturers. That should appeal to computer chip buyers worried about an over-reliance on Taiwan’s chipmakers.
Even though the pandemic spurred strong demand for personal computers, the firm continues to diversify… Read More
This large retailer’s shares have almost doubled in the past five years. That includes a 22% gain in 2020 as governments designated its stores “essential” during the early stages of the COVID-19 pandemic.
Even though those restrictions are easing, we expect the company’s focus on low… Read More
Subscriber growth and higher-value subscribers led to a 10.8% jump in revenue for this company during the most-recent quarter.
The firm is selling its media businesses which have struggled in the face of strong competition. That will let it focus on its main wireless and high-speed… Read More
Increased home Internet use led to an 8.9% jump in revenue for this company during the quarter ended March 31, 2021. What’s more, the continuing rollout of its new ultrafast 5G wireless networks provides strong growth prospects and should boost cash flow to pay for… Read More
The firm recently announced that it’s considering selling or spinning off part of Dynamic Yield, a software firm using artificial intelligence to boost customer sales.
A successful IPO could prompt additional spinoffs to unlock more value, particularly in light of Yum Brands’ successful spinoff of its… Read More
This firm’s shares have soared about 109% since the company began divesting itself of its financial information business and placing the proceeds into its remaining legal, tax and other specialized information businesses.
Demand for the company’s products is strong as corporations adapt to new tax… Read More
Unfavourable foreign exchange rates contributed to a 4.1% revenue drop for this company during the most-recent quarter.
However, future prospects look strong due to increasing efficiencies, which cut costs and improve profitability.
The stock trades at 23.1 times the company’s 2021 earnings forecast.
CANADIAN PACIFIC RAILWAY LTD… Read More
Restrictions on travel and live entertainment led to a 12.1% revenue drop for this company during the first quarter of 2021.
However, things should turn around quickly as more areas reopen their economies. In fact, the more affluent customers this company caters to will be the… Read More
The pandemic presented this industrial stock with unique challenges. However, the company remains profitable and is well positioned to keep weathering the crisis and prosper anew.
A pending acquisition should give the company greater leverage in the rubber tire market.
GOODYEAR TIRE & RUBBER (Nasdaq symbol GT;… Read More
This firm’s investors continue to benefit from its strong commitment to keep its dividend rising. They should also gain from its shift to cloud computing and the spin-off of a legacy business.
While the company has yet to announce the details, it’s likely this new… Read More
New client signups led to an 11.2% revenue jump for this financial services provider during the most-recent quarter.
Cost-cutting, partnerships and a new acquisition also add to the company’s appeal.
That’s why we feel the firm is positioned to keep doing well during the pandemic. From March… Read More
Business for our two top Canadian insurance recommendations remains strong, both in Canada and internationally. These two stocks have recovered the ground they lost in March 2020.
Now we think they’re poised to move even higher while continuing to offer solid, sustainable dividend yields.
MANULIFE FINANCIAL CORP… Read More
This leading software firm benefits from the significant number of people working from home during the pandemic. We expect the remote-work trend to continue past the COVID-19 crisis and to spur rising demand for the firm’s digital conferencing software and other applications.
Meanwhile, there are multiple… Read More
In response to the COVID-19 pandemic, regulators relaxed their capitalization requirements for Canada’s banks. To further preserve capital, all banks have suspended their share buyback programs. They will also hold their dividends steady.
This stock has rebounded 97% from its March 2020 low of $68 as… Read More
The importance of brands to consumer companies like this one can’t be overstated, especially when strong COVID-19 demand for its hygiene and cleaning products continues to fuel earnings and dividends.
Improved sales led to an 8.2% jump in revenue during the quarter ended December 31, 2020.
Meanwhile,… Read More
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Canadian Blue Chip Stocks:
Bank of Nova Scotia, CP Rail, CAE Inc. and more.
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