3 blue-chip stocks to buy and hold for your golden years - Kalkine Media

November 02, 2021 09:35 AM GMT | By Sreenivas D Ajankar
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  • Over the years, FTSE 100 companies have given consistent returns to shareholders through share price growth along with dividends.
  • Glencore has kept its production guidance unchanged for the last quarter of 2021.

The UK stocks market has various categories of stocks that belong to different indices like FTSE 100, FTSE 250 and others. However, the leading index of the London stock exchange is FTSE 100, which constitutes the top 100 companies by market capitalisation, which are also known as blue-chip stocks. Many investors prefer investing in blue-chip stocks because they have a well-established business model and consistent revenue and profit growth.

Over the years, FTSE100 companies like JD Sports Fashion Plc, Glencore Plc, Vodafone Group Plc and many others have established their businesses and have given consistent returns to shareholders through share price growth and dividends. Many mutual funds schemes also use FTSE 100 as a benchmark to track their fund’s returns. A passive ETF scheme is also available that tries to replicate FTSE 100 performance.

Let us take a look at three FTSE 100 stocks that are in focus:

JD Sports Fashion Plc (LON: JD.)

The company operates a chain of retail stores in the UK and other countries. It offers branded sportswear, fashionwear, and accessories to its customers. The company posted a significant recovery after the Covid-19 pandemic and reported revenue of £3,885.8 million, while its profit before tax was at £364.6 million for the 26 weeks ended 31 July 2021. The US and the UK market made a significant contribution to revenue.

Also, the company opened new stores in different regions during the period. In addition, the company did an acquisition of DTLR, which will expand its presence in the East Coast market in the United States.

JD Sports Fashion Plc’s last trading price was at GBX 1,099.50 on 1 November 2021, with a market cap of £11,342.7 million.

Glencore Plc (LON: GLEN)

It is one of the largest metal and mining companies globally engaged in exploring and producing over 90 different industrial metals and other commodities. The company carries out diversified operations across 150 mining sites in different countries. It reported improvement in the production output despite multiple challenges like supply chain disruption and labor shortage in the third quarter of 2021.

Also, the company has kept its production guidance unchanged for the last quarter of 2021. The company is expected to post a rise in revenue in the second half of 2021, primarily due to an increase in metal and commodities prices in the international market.

Glencore Plc’s last trading price was at GBX 365.90 on 1 November 2021, with a market cap of £48,483.5 million.

Vodafone Group Plc (LON: VOD)

The company provides telecom and other value-added services to its customers in Europe and other countries. The company has launched an initiative along with the specialised agency of the United Nations to connect an additional 3.4 billion people to the internet through smartphones by 2030.

The company has been performing well in the European markets and reported a revenue of €11,101 million, a growth of 5.6% in the first quarter ended 30 June 2021. It will soon announce its second-quarter results. In addition, the company is currently carrying out its share buyback program for its shareholders.

Vodafone Group Plc’s last trading price was at GBX 109.36 on 1 November 2021, with a market cap of £29,981.8 million.


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