Blue Chip (stock Market)
According to the New York Stock Exchange, a blue chip is stock in a corporation with a national reputation for quality, reliability, and the ability to operate profitably in good times and bad. The most popular index which follows U.S. blue chips is the Dow Jones Industrial Average. The Dow Jones Industrial Average is a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. It has been a widely followed indicator of the stock market since October 1, 1928.
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Famous quotes containing the words blue and/or chip:
“Mozart has the classic purity of light and the blue ocean; Beethoven the romantic grandeur which belongs to the storms of air and sea, and while the soul of Mozart seems to dwell on the ethereal peaks of Olympus, that of Beethoven climbs shuddering the storm-beaten sides of a Sinai. Blessed be they both! Each represents a moment of the ideal life, each does us good. Our love is due to both.”
—Henri-Frédéric Amiel (1821–1881)
“Look Johnny, Spig just joined the Navy. I’m married to it. I run the mess hall. I swab the deck. I chip the rust. You’re afraid that they’ll kick Spig out of the Navy. I’m afraid that they won’t.”
—Frank Fenton, William Wister Haines, co-scenarist, and John Ford. Minne Wead (Maureen O’Hara)