To The Moon

Blue-chip stocksrefer to companies that are established and have a strong record of delivering solid earnings and returns to investors. They also tend to be market leaders in the sectors in which they compete and have held dominant positions for many years, if not decades.

For these reasons, stocks of profitable blue-chip companies are often the safest investments during times ofmarket volatility and upheaval. The share prices don’t tend to fall as much as unprofitable and unproven stocks that are viewed as being more speculative investments.

Blue-chip stocks also tend to recover faster in periods when the markets rise again. This is why we recommend the following seven no-brainer blue-chip stocks to buy right now if you have money to invest.

Blue-Chip Stocks to Buy: Bank of America (BAC)

Among financial stocks,Bank of America(NYSE:BAC) looks extremely cheap at its current price of $31.56 a share.Down 29% on the yearamid a broad selloff in all bank stocks, BAC shares are currently trading at $31.57, 37% below their 12 month high of just over $50. Yet, the share price decline doesn’t take away from the fact that Bank of America, the second biggest lender in the U.S., remains a very appealing long-term investment.

Bank of America should perform well going forward as the interest on its variable rate loans resets at higher levels following rate hikes by theU.S. Federal Reserve. Additionally, Bank of America has improved its deposit base, which now sits at $1 trillion, and has invested significantly in technology to improve its online presence and transactions.

Plus, Bank of America has a big wealth management arm, and its trading unitcontinues to make hayout of the current stock market volatility. All and all, BAC stock remains a safe bet for investors.

$Bank of America(BAC)$