Blue Chip Stocks

The root of the term “blue chip” stems from the game of poker, as the blue chips represent the highest value. Investing in blue chip stocks can give you an additional measure of safety in today’s turbulent markets.

Pat McKeough believes investors will profit most, and with the least amount of risk, by putting the bulk of your stock portfolio in shares of blue chip companies—those that are well-established, with strong balance sheets and steady earnings and cash flow. These are companies that have bright prospects in healthy and growing industries.

The best blue chips offer both capital gains growth potential and regular dividend income. The dividend yield is certainly one of the most concrete indicators of a sound investment. It is the percentage you get when you divide the current yearly dividend payment by the share or unit price of the investment. It’s an indicator we pay especially close attention to when we select stocks to recommend in our investment newsletters.

We feel most investors should hold the largest part of their investment portfolios in securities from blue chip companies. All these stocks should offer good “value”—that is, they should trade at reasonable multiples of earnings, cash flow, book value and so on. Ideally, they should also have above average-growth prospects in expanding markets.

Meanwhile, when investing in any type of stock, at TSI Network we recommend using our three-part Successful Investor strategy:

1-Invest mainly in well-established companies;

2-Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);

3-Downplay or avoid stocks in the broker/media limelight.

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Blue Chip Stocks
LOBLAW COMPANIES, $62.47, (Toronto symbol L; Shares outstanding: 1.2 billion; Market cap: $74.1 billion; TSINetwork Rating: Above Average; Dividend yield: 0.9%; www.loblaw.ca) is a buy. The company operates 1,128 supermarkets (including 562 operated by franchisees) under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills. Loblaw plans to open 70 new stores in 2026, including 34 Shoppers Drug Mart pharmacies and 31 discount-price supermarkets. It will also renovate 191 existing stores and continue building a new automated distribution warehouse in Caledon, Ontario.
POWER CORP., $67.75, is a buy. The conglomerate (Toronto symbol POW; Shares outstanding: 582.2 million; Market cap: $42.8 billion; TSINetwork Rating: Above Average; Dividend yield: 3.6%) holds controlling stakes in Canadian financial services firms Great-West Lifeco and IGM Financial. It also owns 16.5% of the Belgian holding company Groupe Bruxelles Lambert. Power has announced that R. Jeffrey Orr will become vice-chair of the company and will be succeeded as president and CEO by James O’Sullivan, effective July 1, 2026. Sullivan currently serves as president and CEO of IGM Financial.
TELUS, $18.97, is a buy. The company (Toronto symbol T; Shares outstanding: 1.6 billion; Market cap: $29.3 billion; TSINetwork Rating: Above Average; Dividend yield: 8.8%; www.telus.com) has 14.43 million wireless subscribers across Canada. It also sells landline phone, Internet, TV, and security services in B.C., Alberta, and eastern Quebec. Telus’s revenue in the quarter ended December 31, 2025, fell 2.2%, to $5.26 billion from $5.38 billion a year earlier. The decline reflects the competitive environment. If you exclude unusual items, earnings fell 18.2%, to $311 million from $380 million. Due to more shares outstanding, per-share earnings declined 20.0%, to $0.20 from $0.25. The lower earnings reflect higher costs.
BCE INC., $36.11, is a buy. The company (Toronto symbol BCE; Shares o/s: 932.5 million; Market cap: $33.7 billion; TSINetwork Rating: Above Average; Yield: 4.9%) purchased Ziply Fiber in August 2025, which offers high-speed Internet access and telephone services through a fibre-optic network in Washington State, Oregon, Idaho and Montana. BCE paid $3.65 billion U.S. in cash ($5.04 billion Canadian). BCE now plans to expand Ziply from about 1.4 million locations currently to 3 million in the next four years. As a result, overall capital spending will probably rise about 1% in 2026 to $3.7 billion.
IBM, $250 06, is a buy. The company (New York symbol IBM; Shares outstanding: 938.0 million; Market cap: $230.1 billion; TSINetwork Rating: Above Average; Dividend yield: 2.7%; www.ibm.com) has secured a five-year contract, worth up to $112 million, with the Defense Commissary Agency (DeCA) of the U.S. Department of War (DoW). The DoW operates commissaries worldwide. These American military general stores sell groceries and household goods to active-duty, Guard, Reserve, and retired military members from all eight uniformed services of the United States. Shoppers, which include eligible family members, pay just cost plus surcharge for anything they buy.
Concerns over the disruptive impact of artificial intelligence (AI) have hurt software stocks, as well as non-software stocks like Visa. New AI tools could eventually divert purchases away from traditional payment processing channels like credit cards, which would hurt Visa’s revenue.
Still, the company is taking a number of steps to protect its business. For example, it has launched new value-added tools that let merchants and Visa verify and authenticate transactions made by AI-powered shopping agents before they can complete a purchase on behalf of a consumer. Visa is also developing AI tools for new payment methods, like buy-now-pay-later services, that are more secure than third-party tools.
Entertainment and media conglomerate Walt Disney Co. is also the world’s largest theme-park operator. It has now named a new CEO.
WALT DISNEY CO., $107.10, is a buy. The company (New York symbol DIS; TSINetwork Rating: Above Average) (Shares o/s: 1.8 billion; Market cap: $192.8 billion; Dividend yield: 1.4%) has named Josh D’Amaro as its new CEO. He is currently in charge of Walt Disney’s theme parks and cruise ships, which have become its biggest source of profits.
IBM, $289.05, is a buy. The company (New York symbol IBM; Shares o/s: 934.7 million; Market cap: $294.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.3%; www.ibm.com) is one of the world’s largest computer firms, with operations in over 175 countries.
For 2026, we have selected three Stocks of the Year—one from each of our portfolios (Conservative, Aggressive, and Income). These companies offer an attractive mix of growth and value, which positions them to deliver above-average returns in 2026 and over the long term.
WALMART INC. $117 is your #1 Conservative Buy for 2026. The company (Nasdaq symbol WMT; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 8.0 billion; Market cap: $936.0 billion; Price-to-sales ratio: 1.3; Dividend yield: 0.8%; TSINetwork Rating: Above Average; www.walmart.com) is the world’s largest retailer with 10,822 outlets in 19 countries. Those stores serve a total of 270 million customers each week.

In addition to Bank of Nova Scotia (see page 11), we continue to like the long-term prospects for Canada’s other four big banks. In fact, we continue to recommend that all investors own two or more of these top-quality stocks.

Despite U.S.-imposed, sector-specific tariffs, loan losses remain low, while new technologies such as artificial intelligence (AI) will help the banks cut administrative costs. Better profitability will also give these banks more room to keep raising their dividends.