6 Blue Chip Stocks Trading Well Below Their Highs
Blue chip stocks are among the world's more reliable moneymakers. They're the industry giants, the powerhouse players, and the stocks you're supposed to count on. But that's not always the case. In fact, many of the world's top companies have faltered at some point, but the best ones make it back to the top; that's why they're reliable. Consider Apple , which was the most valuable company in the world for years until it recently got pushed into second place by Nvidia . It has lost an extreme amount of its value several times in its history, both during market sell-offs and due to internal issues. It lost more than 40% of its value in less than a year between 2012 and 2013, for example, when iPhone demand was sluggish, impacting sales and profits. However, it was trading at a price-to-earnings (P/E) ratio of less than 10, and investors who spotted the bargain were rewarded quickly; it gained 56% within one year, as demand shifted. Continue reading