What is blue chip stocks and examples?
Apple, Berkshire Hathaway, Coca-Cola, Johnson & Johnson, and American Express are all blue chip stocks with operations primarily based in the U.S. Abbvie, Nike, Lockheed Martin, Honeywell, Northrop Grumman, and Procter & Gamble are additional examples of blue chip companies headquartered in the country.
| Company Name | Industry | Market Cap (in Cr) |
|---|---|---|
| Larsen & Toubro Ltd | Construction & Engineering | ₹4,78,336 |
| Titan Company Ltd | Textiles, Apparel & Luxury Goods | ₹3,28,263 |
| Oil and Natural Gas Corporation Ltd | Oil, Gas & Consumable Fuels | ₹3,17,337 |
| Hero MotoCorp Ltd | Automobiles | ₹92,378 |
Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.
Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average. Chattanooga Times Free Press.
Walmart (NYSE:WMT) has been in business for over 60 years and is a popular retailer for consumers who want to save money. The company offers the lowest prices which are especially useful with high inflation. Walmart isn't one of those blue-chip stocks that's going to outperform the market.
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
Blue chip stocks are usually less risky and thus considered safer than other stock-based investment options. That's because one of the major determining factors of a blue chip stock is that it must be a well-capitalized company, meaning it should have the financial fortitude to endure an inevitable economic downturn.
| Stock | 2024 performance through Jan. 31 close |
|---|---|
| Rumble Inc. (RUM) | 52.6% |
| Dyne Therapeutics Inc. (DYN) | 60.9% |
| Edgewise Therapeutics Inc. (EWTX) | 62.9% |
| NewAmsterdam Pharma Co. NV (NAMS) | 83.3% |
- UnitedHealth Group Incorporated (NYSE:UNH) Number of Hedge Fund Holders: 104. Quarterly Revenue Growth: 14.10% ...
- JPMorgan Chase & Co. (NYSE:JPM) Number of Hedge Fund Holders: 109. ...
- Advanced Micro Devices, Inc. (NASDAQ:AMD) ...
- Adobe Inc. (NASDAQ:ADBE) ...
- Salesforce, Inc. (NYSE:CRM)
| Stock Name | Ticker | Market Cap |
|---|---|---|
| Apple, Inc. | AAPL | 2.224 T |
| Microsoft Corporation | MSFT | 1.705 T |
| Amazon.com Inc. | AMZN | 1.089 T |
| Tesla, Inc. | TSLA | 642.330 B |
How do you know if a stock is blue chip?
Stocks that are considered blue-chip stocks generally have these things in common: Large market capitalization. Market cap is a measure of the size and value of a company. Blue-chip stocks are often large-cap stocks, which typically means they have a market valuation of $10 billion or more.
Income stocks provide regular income by distributing a company's profits, or excess cash, through dividends that are higher than the market average. Blue-chip stocks are shares of well-established companies with a large market capitalization.
5 Blue-Chip Growth Stocks to Buy for 2024: Alphabet (GOOG)
Similar to other blue-chip stocks, Target's stock price is at levels we haven't seen in over three years. For those who may believe the mounting inflation and economic pressure on the consumer may force consumers to pinch pennies, Target may benefit because it markets itself as an affordable catch-all store.
WMT, The Home Depot, Inc. HD and Costco Wholesale Corporation COST. Thanks to successful business operations, these bellwethers have withstood multiple market gyrations and delivered returns to investors. These blue-chip stocks have balance sheet strength to tackle any untoward market volatility.
| Stock | Implied upside from Feb. 7 close | Forward dividend yield |
|---|---|---|
| JPMorgan Chase & Co. (ticker: JPM) | 30% | 2.4% |
| Procter & Gamble Co. (PG) | 9.4% | 2.4% |
| Home Depot Inc. (HD) | 3.4% | 2.3% |
| AbbVie Inc. (ABBV) | 12.6% | 3.5% |
Based on analyst ratings, Costco's 12-month average price target is $723.70. Currently there's no upside potential for COST, based on the analysts' average price target. Costco has a conensus rating of Strong Buy which is based on 21 buy ratings, 7 hold ratings and 0 sell ratings.
| Stock | Sector | Market capitalization |
|---|---|---|
| Dow Inc. (DOW) | Materials | $38 billion |
| American Express Co. (AXP) | Financials | $154 billion |
| Johnson & Johnson (JNJ) | Health care | $377 billion |
| W.W. Grainger Inc. (GWW) | Industrials | $48 billion |
| Company | Performance (Year) |
|---|---|
| Lilly(Eli) & Co (LLY) | 125.28% |
| Uber Technologies Inc (UBER) | 118.67% |
| Advanced Micro Devices Inc.(AMD) | 108.42% |
| Broadcom Inc (AVGO) | 103.43% |
Prior to the pandemic, Costco (COST 0.90%) and Carnival (CCL 3.84%) were both considered resilient blue chip stocks for long-term investors. Costco's warehouse stores generated steady sales growth through economic downturns, and it locked in its shoppers with sticky subscription plans.
What are the best stocks to invest in 2023?
Albemarle (NYSE:ALB) stock has all the potential in the world to double in 2024. In fact, ALB shares are forecast to more than triple based on the high analyst target price given on Wall Street.
| Company | Industry |
|---|---|
| HDFC Bank | Banking |
| Reliance Industries | Conglomerate |
| Bajaj Finance | Financial Services |
| Larsen & Toubro | Engineering and Construction |
| Company Name | LTP | % Change |
|---|---|---|
| DIL | 8.9 | -1.11 |
| Kanani Industries | 4.85 | 0.00 |
| Dynamic Cables Ltd | 432 | -0.02 |
| Hilton Metal Forging | 144.35 | -2.86 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Brightcom Group | 17.92 |
| 2. | Rama Steel Tubes | 42.02 |
| 3. | Easy Trip Plann. | 48.75 |
| 4. | Radhika Jeweltec | 69.55 |
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