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Blue Chip

What Is Blue Chip

Blue Chip, According to the New York Stock Exchange, there are types of market stocks that have a national reputation for quality, reliability, capability, and profitability.

This type of stock has been called the Blue Chip for decades. This phrase is taken from the game of poker. In poker, blue chip has the highest and most valuable points.

Blue-chip stocks are usually those of companies whose products and services are vast and widespread, have a lot of fans around the world and even benefit from periods of recession.

The most famous index in the United States, whose constituents are Baluchip, is the Dow Jones Industrial Average, comprised of 30 companies with the highest market value, each of which is an industry leader.

In the 19th-century United States, there was enough of a tradition of using the blue chips for higher values that “blue chip” in noun and adjective senses signaling high-value chips and high-value property are attested since 1873 and 1894, respectively.

This established connotation was first extended to the sense of a blue-chip stock in the 1920s. According to Dow Jones company folklore, this sense extension was coined by Oliver Gingold (an early employee of the company that would become Dow Jones) sometime in the 1920s, when Gingold was standing by the stock ticker at the brokerage firm that later became Merrill Lynch.

Noticing several trades at $200 or $250 a share or more, he said to Lucien Hooper of stock brokerage W.E. Hutton & Co. that he intended to return to the office to “write about these blue-chip stocks”. It has been in use ever since, originally in reference to high-priced stocks, more commonly used today to refer to high-quality stocks.

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