Is Tesla a blue chip stock?
The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren't truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN. They're much more volatile.
Amazon's entry will significantly increase the exposure of the blue-chip index in the e-commerce, consumer retail and technology space. Amazon's weight in the Dow will rank 17th out of the 30 stocks.
A blue chip stock is defined as a security that represents an equity position in a company possessing most of the following characteristics: An industry leader with a dependable business model. A proven track record and strong reputation with consumers and shareholders.
Although Nvidia (NASDAQ:NVDA) might not be the first stock you think of as a blue-chip, it checks all the boxes for size, success, industry leadership and respect. For investors, it doesn't hurt that NVDA stock is rampaging up the charts.
Here are three blue-chip stocks to buy at a 52-week low in April. Apple (AAPL): The consumer electronics giant's stock is now negative over the last 12 months. Boeing (BA): The aircraft manufacturer's share price is likely to slide lower after its upcoming Q1 earnings.
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| Nvidia Corp. (NVDA) | Technology | $1.91T |
| JPMorgan Chase & Co. (JPM) | Financial | $533.63B |
| Salesforce (CRM) | Technology | $262.26B |
| Caterpillar (CAT) | Industrials | $177.11B |
| Stock (ticker) | Market Capitalization |
|---|---|
| Johnson & Johnson (JNJ) | $378 billion |
| Procter & Gamble Co. (PG) | $377 billion |
| AbbVie Inc. (ABBV) | $320 billion |
| Coca-Cola Co. (KO) | $256 billion |
- Best safe stocks to buy.
- Berkshire Hathaway.
- The Walt Disney Company.
- Vanguard High-Dividend Yield ETF.
- Procter & Gamble.
- Vanguard Real Estate Index Fund.
- Starbucks.
- Apple.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
| Stock | 2024 return through March 31 |
|---|---|
| MicroStrategy Inc. (MSTR) | 169.9% |
| SoundHound AI Inc. (SOUN) | 177.8% |
| Vera Therapeutics Inc. (VERA) | 180.4% |
| Avidity Biosciences Inc. (RNA) | 182% |
Does Warren Buffett own NVDA?
As of March 15, 44% ($159 billion) of the $366 billion portfolio Buffett oversees at Berkshire Hathaway was being put to work in three widely owned AI stocks -- and no, Nvidia isn't one of them.
However, for Nvidia to get to $2,000, the company would have to continue to grow its revenue at the same pace as it has, which will likely not happen any time soon, given its slowing growth guidance.
Alphabet (GOOG, GOOGL): Alphabet's non-search AI potential makes it a must-own blue chip for the long haul. American Express (AXP): It may be an old-time blue chip, but that doesn't mean it's not innovating.
| Company | Performance (Year) |
|---|---|
| NRG Energy Inc. (NRG) | 107.45% |
| Builders Firstsource Inc (BLDR) | 99.39% |
| Broadcom Inc (AVGO) | 98.84% |
| GE Aerospace (GE) | 96.46% |
(NYSE:V), Meta Platforms, Inc. (NASDAQ:META), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) are some top hedge fund growth stock picks. Click to continue reading and see 5 Best Growth Stocks to Buy and Hold in 2024.
As a small example, Costco Wholesale (NASDAQ:COST) has trended higher by 226% (capital gains) in the last five years. This has led to this list of blue-chip stocks under $20.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Amazon.com (AMZN) | 1.30 | Strong Buy |
| Microsoft (MSFT) | 1.32 | Strong Buy |
| Delta Air Lines (DAL) | 1.35 | Strong Buy |
| Nvidia (NVDA) | 1.38 | Strong Buy |
Bank of America upgraded Tesla stock to a "buy" rating, saying that the company addressed concerns and highlighted positive catalysts.
- Allegro MicroSystems, Inc. (NASDAQ:ALGM) ...
- Axcelis Technologies Inc. (NASDAQ:ACLS) ...
- Tower Semiconductor Ltd. (NASDAQ:TSEM) ...
- Rambus, Inc. (NASDAQ:RMBS) ...
- Skyworks Solutions, Inc. (NASDAQ:SWKS) ...
- NXP Semiconductors N.V. (NASDAQ:NXPI) Number of Hedge Fund Holders: 41.
Many investors turn to blue chips for their longstanding, rising dividends. Many investors believe that blue chips can survive market challenges of many kinds; while this may be largely true, it is not a guarantee. For this reason, it's crucial to diversify a portfolio beyond only blue chip stocks.
Is Walmart a blue chip stock?
What do IBM, Walmart, JPMorgan Chase, and DuPont have in common? Although they are in different sectors, they are all known as blue chip companies.
Blue chip stocks are usually less risky and thus considered safer than other stock-based investment options. That's because one of the major determining factors of a blue chip stock is that it must be a well-capitalized company, meaning it should have the financial fortitude to endure an inevitable economic downturn.
- JD.com Inc. (ticker: JD)
- ClearPoint Neuro Inc. (CLPT)
- Albemarle Corp. (ALB)
- Controladora Vuela Compañía de Aviación SAB de CV (VLRS)
- Nice Ltd. (NICE)
- Bank of Hawaii Corp. (BOH)
- DaVita Inc. ( ticker: DVA)
- DraftKings Inc. ( DKNG)
- Extra Space Storage Inc. ( EXR)
- First Solar Inc. ( FSLR)
- Gen Digital Inc. ( GEN)
- Microsoft Corp. ( MSFT)
- Nvidia Corp. ( NVDA)
- SoFi Technologies Inc. ( SOFI)
Key Points. Amazon's annual revenue and operating income have more than doubled over the last five years. The company will likely profit from the tailwinds of e-commerce and the cloud market for years. Earnings per share estimates indicate a 66% upside for Amazon's shares over the next two years.
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