The blue chips are a number of the greatest shares to personal as a newbie investor who’s trying to play it on the secure facet. In fact, not all blue-chip shares are immune from extreme volatility, particularly when a bear market has an opportunity to rear its ugly head.

In any case, I consider that a number of the best-in-class blue chips are capable of provide security in measurement as they give the impression of being to profit from economies of scale. With the ability to use your measurement to your benefit could be a large profit on the planet of enterprise. And the next names, I feel, are nice buys at the moment, even because the current wave of unfavourable momentum appears to proceed over the approaching weeks and months.

With out additional ado, let’s take a look at two Canadian blue chips that seemingly deserve the eye of prudent traders looking for to maximise worth.

BCE

BCE (TSX:BCE) inventory can’t appear to catch a break, with shares just lately sinking proper again to multi-year lows of round $50 and alter per share. Undoubtedly, the newest spill comes amid a reasonably turbulent time within the firm’s historical past. The agency just lately performed mass layoffs (affecting round 4,800 positions), a transfer that’s precipitated some cautious traders to second-guess their determination to personal the telecom big. Certainly, the agency’s place with regulators definitely could possibly be higher.

The primary attraction isn’t the media enterprise, although, at the very least in my humble opinion. It’s the telecom enterprise that’s helped preserve the unbelievable 7.8% dividend yield on considerably regular footing. In fact, money flows aren’t the place they have to be, however I don’t suppose you may fault the corporate because it navigates brutal macro headwinds. If BCE can steadiness its large dividend dedication alongside infrastructure investments, I feel the inventory may have a pathway increased.

Undoubtedly, for those who search an enormous yield at a low value, BCE is a blue chip that deserves a spot in your TFSA or RRSP watchlist. Whereas there’s some baggage with the title, I nonetheless view BCE as battered sufficient that almost all income-focused traders ought to contemplate holding their noses and choosing up a number of shares. Positive, BCE will not be the identical sleep-easy inventory after its brutal downturn. Shares could look dangerous at these depths, however they’re truly much less dangerous than they had been just some years in the past, when the title was a dividend darling for revenue seekers.

Nevertheless, over the long term, I see a path out of the funk. And to profit from a possible turnaround, traders might want to get in whereas most others are speeding to get out. At simply north of $50 per share, BCE stands out as one of many market’s higher dividend bargains. Sure, the headlines stink proper now, however the valuation, I consider, couldn’t be extra enticing for these with an funding horizon past 5 years.

TC Power

TC Power (TSX:TRP) is one other Canadian dividend titan that doesn’t get as a lot respect from traders as of late. Like BCE, shares of TRP have an enormous dividend yield (at the moment at 7.15%). Although the inventory has been on a pleasant upward run since October 2023 (the identical can’t be stated for BCE), the inventory stays fairly low-cost given its dividend-growth prospects and spectacular money stream technology.

The inventory just lately bought a value goal bump from two huge Canadian banks, and for good cause: the newest quarterly outcomes had been actually good, maybe higher than the post-earnings response could have instructed. Both manner, I feel TC Power is again on observe to inch increased once more. As charges fall and the agency continues to grab alternatives at hand, the 19.5 occasions trailing price-to-earnings a number of makes TRP appear to be an absolute cut price hiding in plain sight.