Buy This Blue Chip on the Dip
In today's volatile stock market, many investors have reservations about buying into new companies. Over the past few weeks, as every major stock index has continued to hit new all-time highs, it has seemed at times that every stock out there is overvalued.
But there is one blue chip the current market has left behind: Merck (NYSE: MRK). Founded in 1668, Merck is one of the oldest pharmaceutical companies in the world. This business has been at the forefront of innovation and product creation for centuries, and it shows no signs of slowing down. The small hiccup in the stock price that has put the stock on sale today should not be seen as a deterrent. Instead, it's a great opportunity for long-term investors to acquire shares and watch them rise.
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Source Fool.com
