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Summary
- Cisco Systems, Inc. (Nasdaq:CSCO) reported total revenue of US$12.8 billion in Q3, 2021.
- AT&T Inc. (NYSE:T) has a market capitalization of US$201 billion.
- ABM Industries (NYSE:ABM) net income before taxes was US$42.8 million in Q2, 2021.
Blue-chip stocks are companies with an excellent reputation, strong financials, and well-established. They generally pay generous dividends to shareholders. Earnings per share are typically good.
Blue-chip companies have a market capitalization in billions. They are leaders in their respective sectors, and they are household brands. Not surprisingly, they are part of the reputed stock indexes like S&P 500, Nasdaq-100, and so on. Investors often prefer blue-chip stocks for safety and returns.
Here we explore seven blue-chip stocks in the US market.
Source: Pixabay.
Cisco Systems, Inc (Nasdaq:CSCO)
Cisco Systems, Inc designs and commercializes technologies like security, cloud, or networking.
The stock of CSCO traded at US$55.405 at 9.17 am ET on July 27, down by 0.12 percent from the closing price on July 26. The stock value of CSCO rose by 23.06 percent YTD. The market capitalization of the company is US$234 billion.
The P/E ratio of CSCO is 23.02 and the forward P/E one year is 19.40. Earnings per share (EPS) is US$2.41, while the annual dividend is US$1.48. The current yield and the beta are 2.68 percent and 0.91, respectively. The highest and lowest stock price of CSCO is US$55.35 and US$35.28. The share volume is 10,097,443.
The US-based company reported total revenue of US$12.8 billion in Q3, 2021, compared to US$11.9 billion in Q3 2020. In addition, CSCO recorded a gross profit for this quarter of US$8.1 billion as compared to US$7.3 billion of Q3, 2020. Operating income for Q3 for both years was US$3.4 billion.
AT&T Inc. (NYSE:T)
AT&T Inc. provides services like media, telecommunication, and technology across the globe.
The stock of traded at US$28.055 at 9.43 am ET on July 27, down by 0.39 percent from the closing price on July 26. The stock value of AT&T fell by 2.75 percent YTD. The market capitalization of this US-based company is US$201 billion.
The forward P/E one year of T is 8.64. The EPS is US$-0.31, while the annual dividend is US$2.08. The current yield and the betas are 7.39 percent and 0.79, respectively. The highest and lowest stock price of T is US$33.88 and US$26.35. The share volume is 36,555,998.
The total revenue of T that has been publicly traded since 1983 is US$44 billion in Q2, 2021, and that was US$40 billion in Q2, 2020. Gross profit for Q2, 2021 and 2020 was US$22 billion and US$22.9 billion, respectively. Operating income for Q2, 2021 was US$3.2 billion, and for Q2, 2020 was US$3.5 billion.
Source: Pixabay.
ABM Industries Incorporated (NYSE:ABM)
ABM Industries Incorporated provides solutions in five sectors: building and energy, parking, janitorial, facility, etc.
ABM’s stock traded at US$45.77 at 9.52 am ET on July 27, down 0.84 percent from the closing price of July 26. The stock value of the 53-year-old-company rose by 21.33 percent YTD. The market capitalization of this American multinational is US$3 trillion.
The forward P/E ratio and the P/E ratio are 13.50 and 14.5, respectively. EPS and annual dividend are US$3.17 and US$0.76. The current yield is 1.66 percent, and the beta is 1.39. The 52 weeks highest and lowest stock price of ABM is US$55.48 and US$33.51. The average share daily volume is 4,777.
The company earned total revenue of US$1.4 billion in Q2 of 2021, and that is equal to US$1.4 billion in Q2 2020. Operating profit for this period was US$50.3 million, and losses for Q2, 2020 was US$116 million. Net income before taxes was US$42.8 million for Q2, 2021 and net loss for Q2 2020 was US$126.1 million.
Bristol-Myers Squibb Company (NYSE:BMY)
Bristol-Myers Squibb Company, a multinational pharmaceutical company, develops and sells drugs for serious illnesses.
BMY’s stock traded at US$67.29 at 10.14 am ET on July 27, a fall of 0.64 percent from the closing price of July 26. The stock value rose by 8.46 percent YTD. The market capitalization of this global pharma leader is US$149 billion.
The forward P/E ratio of BMY is 9.09. EPS and annual dividend are US$-2.78 and US$1.96. The current yield is 1.66 percent, and the beta is 1.39. The 52 weeks highest and the lowest stock price of BMY is US$68.53 and US$56.75. The share volume is 1,358,013.
BMY reports first-quarter revenue of US$11.1 billion, up by 3 percent YoY. The first quarter EPS is US4$0.89. THE US revenue rose by 4 percent to US$7 billion, and international revenue went up by 1 percent to US$4.1 billion. The gross margin increased from 66 percent to 74.3 percent.
Target Corporation (NYSE:TGT)
Target Corporation sells general merchandise through its physical and online stores.
TGT’s stock traded at US$67.29 at 10.14 am ET on July 27, a fall of 0.64 percent from the closing price of July 26. The stock value of the multinational retailer rose by 45.61 percent YTD. The market capitalization of TGT is US$127 billion.
The P/E is 21.04, and the forward P/E ratio of TGT is 21.07. EPS and annual dividend are US$12.26 and US$3.60. The current yield is 1.04 percent, and the beta is 1.01. The 52-week highest and the lowest stock price of TGT is US$261.11 and US$121.82. The share volume is 384,113.
Coca-Cola Company (NYSE:KO)
Coca-Cola Company, a beverage company, sells enhanced water, sports drinks, among others.
Its stock traded at US$57.335 at 10.35 am ET, up by 0.49 percent over the closing price of July 26. The market capitalization of this consumer non-durable company is US$247 billion. The P/E ratio is 30.72, and EPS is US$1.87.
KO's total revenue for Q2, 2021 was US$10.1 billion, and for Q2, 2020 was US$7.1 billion. Operating income for Q2, 2021 was US$2.6 billion, and for Q2, 2020 was US$1.7 billion.
Also read: How do you find hyper-growth blue-chip stocks?
AbbVie Inc (NYSE:ABBV)
AbbVie Inc, a biopharmaceutical company, develops and sells medicines for cancer, immune system.
The stock of ABBV traded at US$117.94 at 10.41 am ET on July 27, up by 0.13 percent over the closing price of July 26. The market capitalization of this research company is US$207 billion. The P/E ratio is 41.55, and EPS is US$2.83.
The total revenue of ABBV for Q1, 2021 was US$13 billion, and for Q1, 2020 was US$8.6 billion. Gross profit was US$8.1 billion for Q1, 2020 and US$6.2 billion.
Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
