Blue Chip (Stock Market)

Blue Chip (Stock Market)

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. According to NYSE, a blue-chip stock is stock in a company with a national reputation for quality, reliability and the ability to operate profitably in good times and bad. The most popular index which follows US blue chips is the Dow Jones Industrial Average. The Dow Jones Industrial Average is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. It has been a widely followed indicator of the stock market since October 1, 1928. As befits the high-risk nature of stock picking, "blue chip" derives from poker. The simplest sets of poker betting discs include white, red, and blue chips, with tradition dictating that the blues are highest in value. If a white chip is worth $1, a red is usually worth $5, and a blue $10. No one is quite sure why blue chips were accorded such exalted status, but it may have something to do with the color's royal lineage - an aristocrat is known as a "blue blood." Blue blood is a translation of the Spanish phrase sangre azul, which described the Spanish royal family and other high nobility who claimed to be of Visigothic descent, in contrast to the Moors.show more

Product details

  • Paperback | 100 pages
  • 152 x 229 x 6mm | 159g
  • Chromo Publishing
  • United States
  • English
  • black & white illustrations
  • 6136678802
  • 9786136678801