Summary
- Blue-chip stocks are the stocks that belong to leading companies.
- These stocks are generally considered by investors as a safety net in their investment portfolio.
- Some of the most significant blue-chip shares on the ASX are Domino’s Pizza Enterprises and ResMed.
Blue-chip stocks are the stocks that belong to leading companies. These stocks are generally considered by investors as a safety net in their investment portfolio despite no guarantee of higher and riskless returns.
Some of the most significant blue-chip shares on the ASX are Domino’s Pizza Enterprises and ResMed. These stocks have remained in the spotlight in 2021 as they pipped ASX 200 in terms of YTD returns in 2021.
However, one needs to do thorough research before taking any exposure, as sinusoidal market trends are evident.
READ MORE: Ten blue chip shares with fully franked dividends on ASX
Source: © Herrbullermann | Megapixl.com
Domino’s Pizza Enterprises Ltd (ASX:DMP)
Domino’s Pizza Enterprises is Australia’s largest pizza chain for network store numbers and sales. In addition, the company is engaged in the operation of franchise services and retail food outlets.
Last month, Domino’s Pizza announced a binding agreement to acquire a 100% stake in Domino’s Taiwan.
The stock’s YTD returns are 37.35%. The ASX 200 returned 8.50% in the year so far (as of 20 July 2021).
READ MORE: A look at five diversified ASX-listed penny stocks for July
Cochlear Ltd (ASX:COH)
Cochlear is a healthcare group with a range of implantable hearing solutions.
The company’s demand has rebounded recently despite the coronavirus pandemic, thanks to the increasing ageing population. A recent survey of US audiologists highlighted robust trading conditions for the company.
The stock’s YTD returns are nearly triple (or26. 99%) than the benchmark ASX 200 index.
