To The Moon

This year, multiple headwinds have ravaged stock markets, pushing even the most reliable stocks to multi-year lows. Nevertheless, it presents an interesting time to consolidate and focus on preserving capital by investing in the best blue-chip stocks to buy.

Blue-chip companies have had a long track record of proving themselves in good times and bad. These stocks belong to enterprises with a history of sound financial performance and shareholder rewards.

Unfortunately, these stocks have been trading at all-time lows with the current downturn. As these stocks are remarkably stable compared to smaller market cap equities, it would be tough to find many blue chips that trade at their lowest-ever prices.

Nonetheless, I have curated a list of blue-chip investments trading at beaten-down valuations and their all-time low prices within touching distance within touching distance.

Bank of America(BAC)

Bank of America (NYSE:BAC) is one of the largest banks in the United States, one of the more rewarding investments in its sector.

It has returned over 300% to shareholders and grown its dividends for the past eight years in the past decade. Its business transformation has been spectacular under CEO Brian Moynihan’s effective leadership. It went from an institution whose viability came into question to a much leaner business focusing on asset quality.

With the rising interest rates, the company is poised to benefit immensely with a massive increase in net interest income. Itsrecent results have been tremendous, including its first-quarter results, where loan and deposit growth increased substantially. Therefore, it’s an excellent investment trading under three times forward sales.

$Bank of America(BAC)$