Author: Tony Daltorio, Investors Alley

It’s a defensive blue-chip name with a strong balance sheet and a high degree of earnings stability, yet has the ability to deliver strong growth.

Up about 20% year-to-date, it should benefit from the government’s pledge to spend tens of billions of dollars on new projects.

It’s a perfect candidate for an individual investor looking for a name with rock-solid fundamentals.

With a bright long-term growth outlook, it could be a big winner in the artificial intelligence (AI) craze unleashed by ChatGPT.

With a long history, it’s undergoing a makeover and a renaissance.