Top blue-chip stocks to explore in the US market - Kalkine Media

July 16, 2021 01:16 PM PDT | By Kiran Murali
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Summary

  • Blue-chip stocks have a large market capitalization and are fundamentally strong.
  • Microsoft’s stock returned around 26 percent year to date.
  • JP Morgan’s earned US$11.95 billion in its Q2, more than double what it had in net income in the year-ago period.

Blue-chip stocks are those companies that have a large market capitalization and are fundamentally strong. These stocks maintain a decent trading record and have strong financials. Investors often prefer blue-chip stocks in their portfolio for long term investments.

Here, we explore some of the popular blue-chips stocks trading on the New York Stock Exchange and NASDAQ:

READ MORE: How do you find hyper-growth blue-chip stocks?

Microsoft Corporation (NASDAQ:MSFT)

Microsoft has a market cap of US$2.12 trillion. The stock returned around 26 percent year to date and has 38.25 in P/E ratio. The shares traded in the range of US$196.25 to US$284.10 in the last one-year period.

Microsoft’s net income surged 44 percent year over year to US$15.5 billion in its fiscal third quarter ended March. Its total revenue was up 19 percent to US$41.7 billion.

Microsoft has also announced the acquisition of cloud and AI software provider Nuance Communications, Inc. (NASDAQ:NUAN) for US$19.7 billion to expand its operations in the healthcare industry.

READ MORE: What Are The Top 10 NASDAQ Stocks?

Amazon.com Inc. (NASDAQ:AMZN)

The Seattle-based company has a market capitalization of US$1.83 trillion. Amazon’s stock price increased 9 percent this year. It has P/E ratio of 69.10. During the last one year, the stock price was in the range of US$2,871.00 to US$3,773.08.

In the first quarter this year, Amazon saw its net income soar to US$8.11 billion from US$2.54 billion as net sales surged 44 percent year over year to US$108.52 billion.

Amazon is also buying MGM Studio increased its content offering on it OTT streaming service Prime Video.

READ MORE: Amazon Announces US$8.45B Deal To Buy MGM

Source: Pixabay

READ MORE: Which are the 30 stocks on Dow Jones Index?

JPMorgan Chase & Co. (NYSE: JPM)

The New York-based bank has a market cap of US$484.39 billion. JP Morgan’s stock grew 19 percent this year. It has a P/E ratio of 10.37. The stock price was between US$ 91.38 to 167.44 in the one-year period.

Recently, JP Morgan reported that its net income more than doubled to US$11.95 billion in the second quarter ended June 30. Net revenue came in at US$31.39 billion, down 7 percent year over year.

JP Morgan had assets worth US$3.7 trillion in 2020.

READ MORE: JP Morgan, Goldman Sachs start earnings season with strong Q2 results

Walmart Inc. (NYSE:WMT)

Walmart is the largest company in the world in terms of revenue. The Arkansas-based company’s market capitalization totals US$396.95 billion. Its shares declined 1 percent year to date. It has a P/E ratio of 32.93. During the last one year, the stock traded in the range of US$ 126.28 to US$153.66.

The retail giant saw its consolidated net income decline US$2.73 billion on US$138.31 billion in revenue during the first quarter ended April 30. Walmart had generated US$559.2 billion revenue during the fiscal full year 2021 ended Jan. 31.

Source: Pixabay

Home Depot, Inc. (NYSE: HD)

Home Depot is a home improvement retailer with its headquarters in Atlanta. The company’s total sales in fiscal year 2020 ended Jan. 31 totaled US$132.1 billion.

Home Depot has a market cap of US$343.12 billion. The stock returned 21 percent this year. It has a P/E ratio of 23.53. The shares were trading in the range of US$ 246.59 to US$345.69 during the 52-week period.

In the first quarter ended 2021, Home Depot saw its net income jump 84 percent year over year to US$4.15 billion while net sales rose 32.7 percent to US$37.5 billion.

READ MORE: Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1

NIKE, Inc. (NYSE: NKE)

Oregon-based Nike’s market capitalization totals US$255.46 billion. The stock price grew 13 percent this year. It has a P/E ratio of 45.41. The share price ranged from US$95.11 to US$162.73 in the 52-week period.

Recently, the athletic footwear and apparel maker said its net income jumped 126 percent to US$5.73 billion during the fiscal 2021 ended May 31. Its revenue grew 17 percent to US$44.54 billion.

The Oregon-based company expects its revenue grow in low double digits in the current fiscal year and exceed US$50 billion figure.

READ MORE: NIKE (NKE) hits 52-week high on Q4’21 profit, FY’22 outlook

Intel Corporation (NASDAQ: INTC)

Intel is one of the top microprocessor suppliers in the world. It also makes computer equipment including chipsets, integrated circuits, flash memory and network interface controllers.

The company’s market cap is at US$225.36 billion. The stock is rose 11 percent this year. Its P/E ratio is at 12.54. In the last one year, the shares traded in the range of US$43.61 to US$68.49.

Intel saw its net income decline 41 percent year over year to US$3.4 billion in its first quarter ended March. Revenue was down 1 percent to US$19.7 billion. Meanwhile, Intel forecasts its revenue to total at US$77 billion in full-year 2021.

Source: Pixabay

Walgreens Boots Alliance, Inc. (NASDAQ: WBA)

Walgreens operates retail and wholesale pharmacies in the US and has administered over 25 million coronavirus vaccinations.

The Illinois-based company’s market cap totals US$40 billion. Its stock price increased 15 percent this year. It has a P/E ratio of 19.96. The shares were trading between US$ 33.36 and US$57.05 in the 52 last weeks.

The pharmacy chain reported US$1.1 billion in net earnings from its continuing operations during its fiscal third quarter ended May 31. Sales surged 10.4 percent year over year to US$34 billion.

READ MORE: Walgreens (WBA) stock drops despite Q3 profit, improved FY’21 outlook


Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

The reference data in this article has been partly sourced from Refinitiv.


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