I have come across the term reading a random walk down wall street and does not know what it means
“Blue Chip” stocks are the stocks of companies known for high quality management or products who have a long history of stable earnings and/or dividend growth. Typically, these are the largest US companies, and represent the leaders in their industry. However, as 2008-09 has shown us, this is no guarantee that the company is financially sound. There are many great companies that will survive this recession and come out stronger which never held the moniker of Blue Chip.