SHEL, AZN, HSBA, RIO, ULVR: Top 5 blue-chip stocks now

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SHEL, AZN, HSBA, RIO, ULVR: Top 5 blue-chip stocks now

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 SHEL, AZN, HSBA, RIO, ULVR: Top 5 blue-chip stocks now
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Highlights

  • Covid lockdown in China, geopolitical tension between Russia and Ukraine, and sharply rising inflation have together weighed on the outlook for the global economy in April.
  • With the global economic conditions impacting share values, it may be a good time to invest in blue-chip stocks that mostly are expensive and unaffordable.

London’s blue-chip FTSE 100 index rose on Friday, driven by strong quarterly earnings and gains in miners, amid increasing concern over the soaring cost of living crisis and slower economic growth. Covid lockdown in China, geopolitical tension between Russia and Ukraine, and sharply rising inflation have weighed on the outlook of the global economy in April. 

With the global economic conditions impacting share values, it may be a good time to invest in blue-chip stocks that are mostly expensive.

2022 Kalkine Media®

With the global economic conditions impacting share values, it may be a good time to invest in blue-chip stocks that are mostly expensive and inaccessible for most investors. Blue-chip stocks are the stocks of the most well-known companies. These stocks are typically well-established and financially sound that has been operating for many years and that have dependable earnings. 

Let us look at the top 5 FTSE100 listed companies based on their market capitalisation.   

  1. Shell Plc (LON: SHEL)

The market cap of the multinational oil and gas company stands at £164,212.82 million as of 29 April 2022. The company recently said that it may lose US$4-5 billion in the first quarter after it suspended its business in Russia. It reported pretax depreciation of US$1.2 billion to US$1.4 billion in its integrated gas division and production is expected to be between 860 and 910 thousand barrels of oil equivalent per day.

Shell Plc’s shares were trading at GBX 2,181.50, down by 0.16%, on 29 April 2022. The company has given a significant return of 57.72% to its shareholders over the last one year as of 29 April 2022, while its year-to-date return stands at 34.54%.

Also Read: Compass Group, Galliford: Should you pick these FTSE stocks now?

  1. AstraZeneca Plc (LON: AZN)

The market cap of the multinational biopharmaceutical company stands at £163,653.31 million as of 29 April 2022. The company has recently reported a 60% increase in total revenue to US$11,390 million, indicating growth across the company. The company also announced plans for a new strategic R&D center and Alexion headquarters in Cambridge, Massachusetts.

AstraZeneca Plc’s shares were trading at GBX 10,508.00, down by 0.51%, on 29 April 2022. The company has given a significant return of 40.14% to its shareholders over the last one year as of 29 April 2022, while its year-to-date return stands at 21.25%.

2022 Kalkine Media®

  1. HSBC Holdings Plc (LON: HSBA)

The market cap of the multinational leading banking and financial services company, HSBC Holdings Plc stands at £99,425.82 million as of 29 April 2022. The bank recently reported a 27.9% drop in pre-tax profit to US$4.2 billion for Q1, from US$5.78 billion in the same period of 2021, due to higher expected credit losses from the war in Ukraine. Its adjusted profit before tax stood at US$4.71 billion, from US$6.28 billion in Q1 2021.

HSBC Holdings Plc’s shares were trading at GBX 492.10, down by 0.40%, on 29 April 2022. The company has given a significant return of 10.96% to its shareholders over the last one year as of 29 April 2022, while its year-to-date return stands at 9.67%.

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  1. Rio Tinto Plc (LON: RIO)

The market cap of the multinational leading metal and mining company, Rio Tinto Plc stands at £70,305.88 million as of 29 April 2022. The company recently announced the completion of the Rincon Lithium project in Argentina for US$825 million.

Rio Tinto Plc’s shares were trading at GBX 5,684.00, up by 1.00%, on 29 April 2022. The company hasn’t performed well and has given a negative return of -7.71% to its shareholders over the last one year as of 29 April 2022, while its year-to-date return stands at 16.39%.

Also Read: Xaar, Kin & Carta: Next-Gen stocks that one can choose during recession

  1. Unilever PLC (LON: ULVR)

The market cap of the multinational fast-moving consumer goods (FMCG) company, Unilever Plc stands at £94,041.35 million as of 29 April 2022. The Dove shop maker recently announced a hike in price by over 8% in the US and around 16% in Latin America, also warned of more hikes because of sharply rising inflation. The company reported a 7.3% increase in the sale as compared to Q1 2021.

Unilever Plc’s shares were trading at GBX 3,719.50, up by 1.28%, on 29 April 2022. The company hasn’t performed well and has given a negative return of -8.64% to its shareholders over the last one year as of 29 April 2022, while its year-to-date return stands at -5.60%.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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