PURPLE CHIP STOCK
A term coined by portfolio manager John Schwinghamer in his book "Purple Chips: Winning in the Stock Market with the Very Best of the Blue Chip Stocks" published on April 16, 2012 to describe a stock that is "the royalty of blue chip stocks," or the highest-quality, lowest-risk of these top-notch stocks. Schwinghamer describes purple chip stocks as shares of a blue chip company that has grown slowly and steadily rather than suddenly and unpredictably. He directs investors to look for seven years of consecutive growth in the company’s earnings per share as an indicator that the company is creating long-term value and can continue to perform well even during economic downturns. A purple chip company also has a market capitalization of more than $1 billion.
POPULAR TERMS
Accumulation Area
SEC Form DEF13E3
Transaction
IRS Publication 596
Depository Trust Company Tracking - DTCT
POPULAR ARTICLE
SEE FOREX TUTORIAL
Principles of Trading: Record Keeping and Taxation
Digesting Financial Statements: Introduction
Retirement Planning: Allocating Money for Retirement
Introduction to Ethical Investing
Ethical Investing: Activism and Advocacy of Shareholders
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | PMI Manufacturing | Jul | |
| 03:45 | Markit Final Manufacturing PMI | Jul | |
| 08:00 | Retail Sales | Jun | |
| 08:30 | CPI | Jul | |
| 09:15 | PMI Manufacturing | Jul | |
| 09:30 | Procure PMI Index | Jul | |
| 09:45 | PMI Manufacturing | Jul | |
| 09:50 | PMI Manufacturing | Jul | |
| 09:55 | PMI Manufacturing | Jul |
