Which are the 10 hot ASX blue chip companies ?

Blue-chip stocks belong to well-established companies that offer high-quality or well-known products and services. These companies have large market capitalisation. In addition, they are financially sound and are better positioned in the face of macroeconomic downturns. As a result, such stocks have emerged as a preferred investment option over the recent years.

The company’s platform allows millions of customers to partner with merchants, providing them access to what they need and want while also ensuring their financial wellness through splitting payments into four instalments. 

Afterpay majorly derives its income from merchants. Furthermore, the customers are charged late payment fees, which are fixed and capped. In case of missed payments, Afterpay customers cannot use the services until their payments are up to date.

Fortescue Metals Group (ASX: FMG) is an Australian company and a global leader in the iron ore industry. The company holds world-class infrastructure and mining assets in Pilbara (WA), supporting its innovation and industry-leading development.

Telstra Corporation (ASX: TLS) is a Melbourne-headquartered leading telecommunications and technology company in Australia. The company provides a comprehensive range of communications services while operating across all telecommunications markets.

Its range of services includes retail mobile services, retail fixed bundles, standalone data services and retail fixed standalone voice services. Telstra, which originated as a state-owned enterprise, has transitioned to a fully privatised company.

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