There is no strict definition of blue chip stocks, but they are generally recognized as long-standing, reliably profitable, large-cap businesses.

These are the companies that are seen as the pillars of American enterprise. They are the components of the Dow, like Walt Disney, Coca-Cola, and Johnson & Johnson.

Blue chip stocks offer a number of benefits, including safety, income, profitability, and a proven ability to bounce back from recessions and other economic shocks. Let's take a look at each one of these primary benefits.

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Source Fool.com