Blue chip stocks?
Owning blue chip stocks is a smart move for most investors. Because they are backed by dependable, high-quality businesses, stocks in the category are often appealing as long-term investment candidates.
Owning blue chip stocks is a smart move for most investors. Because they are backed by dependable, high-quality businesses, stocks in the category are often appealing as long-term investment candidates.
- Bharat Petroleum Corporation Ltd.
- Hero MotoCorp Ltd.
- Coal India Ltd.
- Bajaj Auto Ltd.
- Wipro Ltd.
- ITC Ltd.
- Adani Ports and Special Economic Zone Ltd.
- Dr Reddy's Laboratories Ltd.
Coca-Cola is the quintessential blue chip stock, a drinks company that has demonstrated decades of consistent dividends and stable performance.
Some examples of blue chip stocks are IBM Corp., Coca-Cola Co., Microsoft, American Express, McDonald's, and Boeing Co.
The markets are constantly changing and most of the time it's unpredictable. This means when it comes to blue chip stocks, you can't rely on specific strategies and techniques. They get impacted by market changes and volatility.
Tesla (TSLA)
I believe TSLA will be among the hottest blue-chips this year. It's worth noting that in July 2023, the stock touched highs of $300. This has been followed by some correction and consolidation, and TSLA stock trades at $250. Backed by positive business news, I expect a renewed rally.
Are blue-chip stocks high risk? Blue-chip stocks are not high risk, so they're popular among investors with lower risk tolerance. While blue-chip stocks aren't bulletproof, their history of resisting market downturns makes them an appealing choice for many investors.
Investors also appreciate the dividends blue-chip stocks typically pay. Dividends are especially attractive if you're investing for income, as many investors do in retirement. Blue-chip stocks tend to pay reliable, growing dividends.
In general, the average rate of return on blue-chip stocks is around 10%, which is similar to the indices that they are featured on. A good indicator of blue-chip status is if the company is listed on a renowned stock index.
What stocks will boom in 2024?
| Price ($) | 12-Month Trailing ROE Ratio (%) | |
|---|---|---|
| Marriott International, Inc. (MAR) | 220.09 | 1446.77 |
| Tempur Sealy International, Inc. (TPX) | 50.57 | 1275.77 |
| The Home Depot, Inc. (HD) | 351.81 | 1151.32 |
- Rentokil Initial RTO.
- AstraZeneca AZN.
- Tyler Technologies TYL.
| Company | Ticker symbol |
|---|---|
| ASML Holding | ASML |
| Bank of America | BAC |
| Blue Bird | BLBD |
| Brown & Brown | BRO |
However, SBUX is still one of the undervalued blue-chip stocks to buy. Despite having over 36,300 global locations, its growth story is far from over. In particular, the beverage giant sees store growth opportunities in China.
The Home Depot, Inc. is a strong blue-chip stock with a storied history that is a great candidate for long-term compounding. Home Depot's upcoming Q3 earnings report is important, as the housing market weakness may appear, but economic strength may lead to the firm beating estimates.
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. It's only up by 6.92% year-to-date but has gained a more impressive 64.74% over the past five years.
5 Blue-Chip Growth Stocks to Buy for 2024: Alphabet (GOOG)
It's often easy to overlook Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) when thinking about the Magnificent 7 stocks.
| Name | Symbol | % Loss |
|---|---|---|
| Bajaj Finance | BAJFINANCE | -10.37 |
| Zee Entertainment Enterprises Ltd. | ZEEL | -8.51 |
| Bajaj Finserv Ltd. | BAJAJFINSV | -6.82 |
| Godrej Consumer Products Ltd. | GODREJCP | -6.41 |
The Walt Disney Co.
(DIS): It may not surprise you that our blue chip companies list includes one of the biggest and well-known companies in the world. This $270 billion entertainment company experienced struggles in 2020 as it closed parks and cruises as a response to the pandemic.
Berkshire Hathaway (BRK.
The Omaha, Nebraska-based company is the most expensive stock by share price, with Class A shares of the company selling at nearly half a million dollars per share. Berkshire Hathaway has been led by chair and CEO Buffet since the 1960s.
Is FedEx a blue-chip stock?
FedEx (NYSE:FDX) remains a best-in-class blue-chip shipping stock, recovering nicely from its 2022 lows to gain 47% this year.
| Stock | Sector | Market Capitalization |
|---|---|---|
| Coca-Cola Co. (ticker: KO) | Consumer staples | $256 billion |
| American Water Works Co. Inc. (AWK) | Utilities | $24 billion |
| Consolidated Edison Inc. (ED) | Utilities | $31 billion |
| Kimberly-Clark Corp. (KMB) | Consumer staples | $41 billion |
Costco Wholesale (NASDAQ:COST) stock continues to be one of the best blue-chip stocks investors can buy and remains the gold standard of the retail sector. In the last 12 months, COST stock has risen 40%, bringing its five-year return to shareholders to 230%.
This strategic realignment and focus on operational optimization to keep pace with online shopping trends underscore the company's proactive approach to maintaining its leadership position in its niche. With resiliency and forward-thought at the wheel, PayPal makes my list of blue chip stocks to buy.
There are 5 promoter(s) of the company viz. Kannan Jagadeswaran, Rajagopalan Jagadeswaran, Rajaraman Jagadeswaran, Abhay Aima, Shankar Ramachandran, .
