Blue Chip Stocks for 2010
There’s no denying that the last decade on Wall Street has been a downer. The Dow Jones Industrial Average closed just a few points shy of 11,500 on Dec. 31, 1999 and today is struggling to stay above 10,300. That’s a 10% loss in ten years.
But if you think this means buy and hold is dead, think again. After all, good investors never settle for simply tracking the market — they want to beat it many times over.
While most stocks fared poorly, there are a number of blue chip stocks that have soared in the last 10 years. What’s more, my calculations indicate that each one of these blue chip stocks also has very bright prospect for 2010. That means that the gains you see posted here are only the beginning, and investors can still buy in to share in the tremendous success of these market-beating blue chip stocks.
Here they are, with approximate gain in shares through today based on the adjusted closing price of 12/31/99.
- Poll of the Day