Blue-Chip Index

  

This buzzy buzzword at Wall Street cocktail parties is a stock index that tracks shares of publicly-traded companies which are considered to be top performers.

They have a long history of growth, and solid margins, and usually pay a dividend. The stocks in this index are perceived as being the best of the best. Used to be the Dow, but then America became a Technocracy, so "blue chip" changed from U.S. Steel and Ford...to Google and Amazon.

Basically, the Blue Chip Index is a list of stocks from companies you want a piece of, to have and to hold forever. The stocks you want to bring home to your parents.

Find other enlightening terms in Shmoop Finance Genius Bar(f)