2 Large Blue Chip Stocks That Investors Should Buy Now

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Many of the market's bluest blue chip stocks have been shining bright in recent weeks, with some surging to new all-time highs while the rest of the market falls short. Notably, the S&P 500 is off more than 1% from its high, while the tech stock-heavy Nasdaq 100 is still down just shy of 7% from its peak. Undoubtedly, the market has come roaring back in what feels like record time since the market bottomed out earlier this month. Still, many notable tech and AI names are taking a breather. And it's unclear what their trajectories will be as we approach the year's final quarter.

With a much-anticipated Fed rate cut just weeks away, perhaps some of the more debt-laden, less-than-profitable technological innovators (think the disruptive innovators owned by a Cathie Wood Ark Invest fund) may regain traction again. Either way, I'm sticking with the blue chips, as the market waters can certainly get a whole lot rougher from here.

• The large blue chip stocks can steadily ride higher, even as the tech trade falters.
• Some of the larger "value" firms valued at north of $1 trillion seem worth consideration.
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