When some stocks fall, it's best to run for the hills. But when others decline, it's a great buying opportunity. The difference ultimately stems from how strong the companies' underlying businesses are.

Blue chip companies, by definition, have solid, resilient businesses. When their share prices sink, it's usually only a matter of time before they rebound. Here are three beaten-down blue chip stocks to buy right now.

CVS Health (NYSE: CVS) ended 2022 with its shares down nearly 16%. The stock hasn't gotten off to a great start this year, either, tumbling close to 6%. Don't think for a second, though, that CVS won't be able to mount a solid comeback.

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Source Fool.com