10 Blue-Chip Stocks to Put on Your “Buy the Dip” List

The past 83 weeks have not only been quite rewarding for investors, they’ve been history-making.

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The past 83 weeks have not only been quite rewarding for investors, they’ve been history-making. The Standard & Poor’s 500-stock index is now into its 83rd week without dishing out a 5% correction, gaining 32% since early November 2016. The blue-chip index’s return through the first few weeks of January 2018 was its best start to a new trading year in more than three decades.

This kind of move brings great risks, and sometimes, great opportunity.

Even the slightest hint of trouble could spark an avalanche of profit-taking by investors who already have big gains in tow. We’ve gotten a taste of that lately, with a couple of sizable setbacks reminding us that the market doesn’t always rise. On the flip side, for longer-minded investors, selloffs in quality blue-chip stocks could be viewed as an attractive buying opportunity.

Here, investors will get a look at some of the biggest near-term pullback risks among Wall Street’s most recognizable names. Each company is doing just fine, to be clear. In fact, most of these names recently have been touted as long-term bullish ideas by Kiplinger.

Those calls are based on each company’s merits, however. These 10 blue-chip stocks probably won’t be able to sidestep a short-term pullback if the recent rally’s weight simply becomes too much to shoulder. But that would be just fine for investors seeking better buy points.

Data is as of Feb. 1, 2018. Click on ticker-symbol links in each slide for current share prices and more.

James Brumley
Contributing Writer, Kiplinger.com
James Brumley is a former stock broker, registered investment adviser and Director of Research for an options-focused newsletter. He's now primarily a freelance writer, tapping more than a decade's worth of broad experience to help investors get more out of the market. With a background in technical analysis as well as fundamental analysis, James touts stock-picking strategies that combine the importance of company performance with the power of stock-trade timing. He believes this dual approach is the only way an investor has a shot at consistently beating the market. James' work has appeared at several websites including Street Authority, Motley Fool, Kapitall and Investopedia. When not writing as a journalist, James works on his book explaining his multi-pronged approach to investing.