What Are the Benefits of Blue-Chip Stocks?

Blue-chip stocks are shares of large, established, and financially stable companies that have been around for a long time. The term “blue chip” comes from the game of poker, where a blue chip holds the highest value. On Wall Street, a blue-chip stock is usually a highly valued and well-known company with characteristics that benefit…

Investors Walking Away From ViacomCBS Stock

The former Viacom and CBS completed their merger of equals on Dec. 14, forming the new ViacomCBS Inc. (MORE). It’s an odd coupling, given the same companies split up in January 2006, but it makes sense after considering the poor performance of both equities in recent years. However, despite Wall Street marketing hype, investors are…

Drug Distributor Stocks in Focus on Opioid Settlement News

Drug distributor stocks capped off a volatile trading session Friday by finishing mostly unchanged after The Wall Street Journal reported that 21 states had rejected a proposed $18 billion settlement deal offered by three leading drug wholesalers for their alleged roles in contributing to the nation’s opioid crisis. The group of state attorneys general who…

Kroger Poised to Rebound After Berkshire Reports Stake

Shares of The Kroger Company (KR) rose nearly 6% during after-hours trading on Friday after Warren Buffett’s Berkshire Hathaway Inc. (BRK.A) disclosed that it purchased about 19 million shares worth over a half billion dollars – representing about 2.3% of outstanding shares. While the billionaire investor hasn’t offered any commentary, his successful track record is…