Got $5,000? These 2 Blue Chip Stocks Are Near Multi-Year Lows
Blue chip stocks can be ideal investments to buy and hold for decades. However, even these types of stocks haven't been immune to the current bear market. A couple of stocks that have been falling recently and that are near multi-year lows are Johnson & Johnson (NYSE: JNJ) and Home Depot (NYSE: HD). If you have enough in savings and can afford to invest $5,000, here's why you should consider buying shares of one or even both of these stocks.
Over the past 12 months, Johnson & Johnson's stock has fallen 13%. However, historically, this has been a relatively safe investment to own, as in 10 years its stock value has increased by around 90%. The healthcare company has also increased its dividend for an impressive 60 straight years, earning it the title of Dividend King. Few companies can offer investors that kind of stability.
However, Johnson & Johnson has faced many legal issues. One of its most daunting is the one surrounding its talc baby powder products, which plaintiffs allege caused them to develop cancer. It could cost the company billions, and whether it's in the single digits or tens of billions depends on how many of the nearly 40,000 claims prove to be successful.
Source Fool.com
