JP Morgan, J&J, & Berkshire Hathaway: 3 Hot Bluechip Stocks To Explore

Summary

  • JP Morgan stock rose around 60% in the past 12 months.
  • Johnson & Johnson saw strong Q1 growth boosted by its pharmaceutical segment.
  • Berkshire Hathaway logged a net income of US$11.7 billion in the March quarter.

Bluechip stocks are large-cap companies, famous and have a history of stable returns.

They typically have strong financials, expensive stocks and often pay dividends to shareholders. Of some 7,000 stocks listed on various US stock exchanges, around 100 are bluechip companies.

We explore three bluechip stocks that have been around for a long time.

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JP Morgan Chase & Co. (NYSE:JPM)

JPMorgan is one of the leading financial institutions in the US, with a market cap of US$491 billion. It regularly pays dividends to its shareholders. It has a dividend yield of 2.2%.

Low interest rates during the covid pandemic had pulled down its income.

It logged revenue of US$36.4 million in Q1, up from US$31.1 million YoY.

Its share price rose 60% in the last one year.

The stock closed flat at US161.83 on Wednesday, May 26.

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Johnson & Johnson (NYSE:JNJ)

Founded in 1886 and headquartered in New Jersey, it is the largest diversified healthcare company globally.

It makes drugs and medical devices and has some 135,000 employees across the world. It pays regular dividend, with a market cap of around US$445 billion.

It has a dividend yield of 2.49% and pays an annual dividend of US$4.24. Dividend payments have seen steady growth over the last 58 years.

It saw a strong Q1 growth boosted by its pharmaceutical segment. It logged a net income of US$6.2 billion and diluted EPS of US$2.32 per share in the fiscal Q1 ended April 4, 2021.

The stock closed at US$169.07 on Wednesday, May 26. It gained around 15% in the last one year.

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Berkshire Hathaway Inc. (NYSE:BRK.B)

Berkshire is a multinational business conglomerate headquartered in Nebraska. It has been in operation since 1839. It is well-known for its celebrated investment tycoon CEO Warren Buffett.

It has various subsidiaries engaged in activities like insurance, energy, retail, and freight rail.

Its market cap is around US$277 billion.  It registered a net income of US$11.7 billion in the March quarter.

The stock was trading at US$287.33 at the close on Wednesday, May 26. It rose more than 50% in the past one year.

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