It is believed that the term "blue-chip stock" is taken from the poker felt, where blue chips often represent the most expensive and therefor the most desirable chips. On Wall Street it is used to classify companies with solid underlying businesses, that are leaders in their industry, if not the economy as a whole.
When you think about blue chips stocks, some names that come to mind are Boeing ( BA ), Coca-Cola ( KO ), or Johnson and Johnson ( JNJ ). Typically speaking, blue chips are companies that have thrived for many years, or even decades, but in recent years several companies have quickly risen in market cap and can now be considered the new blue chips on the block.
Dividends are usually associated with blue-chip stocks, but since we are looking specifically at new companies to rise in promise, dividends are not always going to be present. Regardless of whether or not the companies are currently paying dividends, they all have one thing in common with traditional blue chips… strong underlying businesses and great future potential.
The following five stocks are among the hottest stocks on Wall Street, which we believe will around for years to come, and continue to capture the interest of Wall Street and individual investors alike.
This article was originally published on MarketIntelligeneCenter.com