Author: Louis Navellier and the InvestorPlace Research Staff

Here are some blue-chip names with blue-chip potential — including one stock with an incredibly cheap valuation of 6.8 times forward earnings and a dividend yield of more than 8%.

Now’s a good time to buy shares of these companies.

Consider now a great time to enter or add to a position.

Feel free to buy some shares and hold them for the long term.

These stocks offer diversification and a reliable, steady income.