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3 Blue-Chip Dividend Stocks To Buy That Trade At A P/E Of Less Than 10

I continue to be optimistic on the upside potential for quality growth stocks. However, for the next few quarters, I am inclined to increase the weight of blue-chip stocks in the portfolio. The key reason is potential delay in rate cuts that can negatively impact equities. While I don’t expect a deep correction, it’s important to preserve capital even if the broad market downside is 5% to 10%. This column focuses on blue-chip dividend stocks trading under 10 P/E.

In simple words, the price-earnings ratio indicates the dollars an investor is willing to pay for every dollar of the company’s earnings. A low P/E, in general, indicates undervalued. I must add that it’s not easy to find blue-chip stocks that trade at a deep valuation gap. However, if that happens, the blue-chip is worth grabbing.

Therefore, let’s discuss three undervalued blue-chip stocks to buy for high total returns.

This post appeared first on InvestorPlace.