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2 high-quality ASX 200 blue chip shares to buy and hold in February

The article from MSN Money discusses two high-quality ASX 200 blue-chip shares recommended for investment in February. The first is Wesfarmers (ASX: WES), a diversified conglomerate with interests in retail, chemicals, fertilizers, and industrial safety products. Despite a recent dip in its share price due to a weak trading update, Wesfarmers is highlighted for its strong financial position, consistent dividend payments, and potential for growth through its various business segments. The second company, Telstra Group (ASX: TLS), Australia's leading telecommunications company, is praised for its robust infrastructure, significant market share, and strategic moves into new technology sectors like 5G and IoT. Telstra has shown resilience with a 1.5% increase in share price over the last year, supported by its stable earnings and a commitment to enhancing shareholder returns through dividends and share buybacks. Both companies are suggested as solid long-term investments due to their established market positions, diversified operations, and potential for future growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/2-high-quality-asx-200-blue-chip-shares-to-buy-and-hold-in-february/ar-AA1yWwG8 ]