"Blue chips» (blue-chip) called the action the largest liquid companies with a stable income.
The term "blue chips" on the stock market has come out of the casino, where they have the greatest value.
The characteristics of the blue-chip
Particular attention of investors to the "blue chips"due to the fact that they are usually the market indicator. It is believed that the increase in value of shares of "blue chip" stock prices of second-tier companies (having less liquidity) should also show a positive trend, in the fall - will decrease in proportion to the share price of smaller companies.
Shares of blue chips are considered more reliable,due to the special status of key enterprises in the national economy. At the same time, the yield on such shares, although it is stable and has a general tendency to rise, but the average for the lower statistics than on shares of second-tier companies.
The generally accepted criteria by which stocksCompanies referred to as blue chips missing. Typically, these include shares of major companies with positive dynamics of development. Advantage of shares of "blue chips" is their high liquidity. This means that the investor at any time can buy or sell them on the stock exchange without loss in value. With these securities is made on a daily basis a large number of transactions, and they always have customers.
The number of "blue chips" in each countrylow, because They include only the most well-known, high-yield and stable company. But the proportion of their shares in the stock markets higher, due to the fact that among the second-tier companies rarely share traded on the free market.
You can select and other distinctive features of the "blue chips":
- A large-cap company (an indicator of the value of all the shares on the market) are often monopolies in their sphere whose
- Such companies are transparent, safe and understandable for investors, because provide all financial statements publicly dostupe-
- They are distinguished by stable growth in the lastperiod, their shares properly valued by the market without overstating or understating stoimosti- thus determining factor of growth stocks is not speculation, but the real dynamics of financial results kompanii-
- They regularly and consistently pay dividends, value their reputation and do not violate the rights of minority shareholders.
Examples of blue chips
In Russia, the number of blue-chip includemajor companies from different sectors of the economy. Among them, the oil and gas sector (Gazprom, Tatneft, Transneft, Rosneft, Lukoil, Surgutneftegaz, Novatek) - the banking sector (Sberbank, VTB) - Telecommunications sector (Rostelecom, MTS) - retail (Magnet) - Metals (Nickel). Also among Russian blue chips also include Uralkali and AFK Sistema.
MICEX based on the value of transactions with shares of the most liquid issuers calculate index of blue-chip stock market.
The composition of the index basket is reviewed on a quarterly basis based on the 4 liquidity.
In the US, the "blue chips" to form the index Dow Jones. These include Bank of America, Boeing, Coca-cola, Exxon Mobil, HP, Intel, Microsoft, Pfizer, Kraft Foods, McDonalds.