Investors often flock to blue-chip stocks for their reliability, financial strength, high quality and strong brands. Unfortunately, several such bets haven’t really paid off this year.
While blue chips usually boast reliable businesses that will continue to go strong for years to come, several of the biggest names have been underperforming of late — and arguably because the very brands behind their businesses have been tarnished.
That doesn’t mean these three blue-chip stocks are going to disappear any time soon, of course. But the quality of their underlying brands is definitely sometime to consider for investors betting on blue chips for continued stability.
Take a look at three underperforming blue-chip stocks that have been struggling to maintain their brands’ luster.