What is A Blue Chip

					What is A Blue Chip?
     How did the “blue chip” get it’s name?

The name "blue chip" came about because in the game of
      poker the blue chips have the highest value.




                What Does Blue Chip Mean?
  A nationally recognized, well-established and financially
       sound company. Blue chips generally sell high-
 quality, widely accepted products and services. Blue chip
 companies are known to weather downturns and operate
profitably in the face of adverse economic conditions, which
    helps to contribute to their long record of stable and
                      reliable growth.
  More About The Blue Chip
• What is a blue chip stock?
 A blue chip stock is the stock of a well-established company having
 stable earnings and no extensive liabilities. The term derives from
 casinos, where blue chips stand for counters of the highest value.[1]
 Most blue chip stocks pay regular dividends, even when business is
 faring worse than usual.
                  Fun Facts
The phrase was coined by Oliver Gingold of Dow Jones
sometime in 1923 or 1924. Company folklore recounts
that the term apparently got its start when Gingold was
standing by the stock ticker at the brokerage firm that
later became Merrill Lynch. Noticing several trades at
USD$200 or USD$250 a share or more, he said to
Lucien Hooper of W.E. Hutton & Co. that he intended to
return to the office to “write about these blue chip
stocks.” Thus the phrase was born. It has been in use
ever since, originally in reference to high-priced stocks,
more commonly used today to refer to high-quality
stocks.[2] In contemporary media, Blue Chips and their
daily performances are frequently mentioned alongside
other economic averages like the Dow Jones Industrial
Average.
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posted:9/7/2011
language:English
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