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Blue chip stocks are among the worst retirement investments you can make.
There are several blue-chip stocks that will actually cost you thousands of dollars each year. We&a;rsquo;ll discuss three in a moment.
Sure, the financial media might lionize these stocks. But blue chips are simply big companies. When the term first came into being, it was simply an homage to the blue poker chip &a;ndash; at the time, the most valuable chip on the table. Before purples, oranges and grays began to grace the baize.
However, now the term comes with a boat load of perks &a;ndash; the simple assignment of the term &a;ldquo;blue chip&a;rdquo; is practically a buy recommendation. And therein lies the danger. Because in many cases, these larger companies have not only hit the end of their growth cycle, but are nearing the latter stages of their dividend growth cycle as well.
Top Blue Chip Stocks To Buy Right Now: Rite Aid Corporation(RAD)
- [By Paul Ausick]
Rite Aid Corp. (NYSE: RAD) dropped about 5.9% Wednesday to post a new 52-week low of $1.75 after closing at $1.86 on Tuesday. The stock’s 52-week high is $8.77. Volume of around 56 million was about double the daily average. The company had no specific news.
- [By Paul Ausick]
Rite Aid Corp. (NYSE: RAD) dropped about 2.6% Monday to post a new 52-week low of $3.70 after closing at $3.80 on Friday. The stock’s 52-week high is $8.77. Volume was nearly equal to the daily average of more than 23 million shares traded. The company reports fiscal fourth-quarter results after markets closed on Tuesday, but investors are waiting for an FTC decision on the Walgreens merger.
- [By Chris Lange]
Rite Aid Corp. (NYSE: RAD) will report its most recent quarterly results on Thursday. The consensus estimates call for a net loss of $0.01 per share and $8.17 billion in revenue. Shares closed at $3.11 on Friday, in a 52-week range of $2.90 to $8.77. The consensus price target is $6.19.
- [By Benzinga News Desk]
Shares of Rite Aid (NYSE: RAD) surged to a high of $7.89 following a DealReporter story that Walgreens (NASDAQ: WBA) is close to reaching a deal to satisfy the US FTC, which would involve divestiture of up to 1,000 stores. Companies interested in the Walgreen's assets are said to include Kroger, Albertsons, CVS Health, Kinney Drugs and Fred's.
Top Blue Chip Stocks To Buy Right Now: Discovery Communications, Inc.(DISCA)
- [By Lisa Levin]
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
Analysts are expecting Discovery Communications Inc. (NASDAQ: DISCA) to have earned $0.47 per share on revenue of $1.69 billion in the latest quarter. Discovery Communications shares rose 0.17 percent to $29.08 in after-hours trading.
Analysts expect T-Mobile US Inc (NASDAQ: TMUS) to report
- [By Lisa Levin]
Discovery Communications Inc. (NASDAQ: DISCA) announced plans to acquire Scripps Networks Interactive, Inc. (NYSE: SNI) for $14.6 billion.
Discovery will pay $90 per share in cash and stock to buy Scripps. The transaction is projected to close by early 2018.
Top Blue Chip Stocks To Buy Right Now: MBIA, Inc.(MBI)
- [By Dan Caplinger]
But some stocks managed to buck the trend and give investors more upbeat outlooks for their prospects. SandRidge Energy (NYSE: SD), MBIA (NYSE:MBI), and LivePerson (NASDAQ:LPSN) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
Top Blue Chip Stocks To Buy Right Now: Israel Chemicals Shs(ICL)
- [By Claudia Maedler]
In Israel, the TA-25 Index (TA-25) gained 1.9 percent at the close in Tel Aviv as Israel Corp. jumped 9 percent, the most since July 2009, to 1,755 shekels. The shares soared along with those of its Israel Chemicals Ltd. (ICL) unit, which advanced 6.4 percent on speculation that a possible change in ownership of Russian potash producer OAO Uralkali could help stabilize prices of the crop nutrient.