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Newly Blue: 5 Blue-Chip Stocks to Buy

These stocks have every reason to be considered blue chips

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Blue-Chip Stocks to Buy: Intel (INTC)

blue chip stocks to buy intel stockGrowing up in the computer age and only seriously investing in the 2000s, I have always thought of Intel (INTC) as a blue-chip stock, even while older investors scoff at the notion.

I mean, the company has a $148 billion market cap right now — bigger than Citigroup (C) and on par with Bank of America (BAC) — and it has traded publicly since the 1970s. INTC also boasts a 3.2% yield with a 20-year history of payouts and impressive dividend growth.

So … why is this not already widely accepted as a blue chip stock?

Sure, in the 2000s there was the dot-com hangover, and recently there has been hype about a “post-PC age.” However, talk about the rise of e-commerce doesn’t mean that Wal-Mart (WMT) must cancel its dividend and get summarily booted from the Dow Jones Industrial Average.

Intel is evolving with the times. And heck, even if it doesn’t, there is zero chance of its entire semiconductor business evaporating overnight. Intel remains the No. 1 chipmaker in the world with a roughly 15% market share according to research firm IHS.

It may be a tech stock, and it may be facing risks right now. But Intel is assuredly a low-risk, dividend-paying blue chip that will survive no matter what the market throws its way.

Article printed from InvestorPlace Media,

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