- Bluechip stocks are those large companies that possess strong fundamentals and dividend paying capacity.
- Many bluechip stocks gave stellar returns in 2020 so far despite COVID-19 related concerns.
- Afterpay and Fortescue were a few bluechip stocks in demand this year.
The bluechip stocks are well-established companies with growing profits and dividend paying capacity. These stocks generally remain in demand among investors owing to their reputation of being fundamentally strong. Here we have compiled a list of 5 bluechip stocks that outshone in 2020 on the basis of market returns despite COVID-19 related concerns. These companies are spread over a range of sectors in the Australian economy.
Image Source: Shutterstock
On 15 December 2020, the company’s shares price closed at A$110, up by A$0.069 or 0.06 per cent as against the last closing. The year-to-date returns for the stock stood at 259 per cent as on 15 December 2020.
On Tuesday (15 December 2020), shares of Fortescue Metals closed at A$21.48, down 3.06 per cent as against the previous close. The YTD return for the stock stands at 99.2 per cent as of 15 December 2020.
Source: Wesfarmers’ Annual Report 2020, dated 23 September 2020
The shares of Wesfarmers closed at A$50.97, down 0.05 per cent on 15 December 2020 as against the previous close of A$50.94 on 14 December 2020. YTD return stands at around 23 per cent.
Source: Rio Tinto half year results presentation, dated 29 July 2020
Stock of Rio Tinto closed at A$112.42, down 1.33 per cent as against the last close on 15 December 2020. Rio Tinto shares delivered almost 11 per cent return year-to-date so far.
Shares of Commonwealth Bank of Australia closed at A$83.07, down 1.01 per cent on Tuesday (15 December 2020). The stock has posted an almost flat YTD return of 3.9 per cent.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and