The following video is part of our "Motley Fool Conversations" series, in which advisor Charly Travers and analyst Jason Moser discuss topics across the investing world.

The tumultuous market of late should be a warning sign to investors who have neglected to maintain the defensive portion of their portfolio. Large-cap blue chip stocks should be the bedrock of all investors' portfolios. Charly and Jason give their buy, sell, or hold calls on Dow components Cisco Systems, Disney, Merck, and Procter and Gamble.

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