Carnival Corp. (NYSE: CCL) and Altria (NYSE: MO) were both once considered stable blue chip plays for conservative investors. Carnival is one of the world's largest cruise line operators, while Altria is the top tobacco company in the United States.

But over the past five years, Carnival's stock declined nearly 70% as Altria's stock slumped 20%. Altria still squeezed out a total return of 16% after factoring in its reinvested dividends, but Carnival suspended its dividends more than three years ago. Should investors buy either of these out-of-favor blue chip stocks as a turnaround play?

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Source Fool.com