Published on 26 Jan 2023 on Insider Monkey via Yahoo Finance

12 Cheap Blue Chip Stocks To Buy

In this article, we will be taking a look at 12 cheap blue chip stocks to buy. To skip our detailed analysis of the stock market, you can go directly to see the 5 Cheap Blue Chip Stocks To Buy.

The US stock market has been bearish throughout 2022, with most stocks taking a beating and share prices going on the decline. As a result, many stocks today are trading at attractive valuations, making now the time to buy into major companies while they are trading at a significant discount.

Major stocks like Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) have seen significant price declines over 2022 and into 2023, making these companies seem more attractive for investors looking for bargain stocks. The market's position too is not expected to improve too fast. According to a Barron's article published this January, Jeremy Grantham, an investor and the co-founder of the investment firm GMO, has recently commented that the stock market is still expected to undergo severe trials. Grantham estimates that the trend line value of the S&P 500 will be around 3,200 by the end of 2023. A drop to 3,200 would represent a 17% fall for the year, and a 20% decline from the S&P 500's finish on January 24, which stood at 4,019.81.