ECONOMICTIMES.COMIt is no secret that stock markets across the word are witnessing a bloodbath. So much so that even many blue chips are currently available at historical low prices. But at some places in the world, things have come to such a sorry pass that a large number of blue chips are selling even under $10 a share.
For instance, close to 100 stocks in the US benchmark S&P 500 index are now trading for less than $10 a share. And the list includes such big names as Citigroup and Motorola. Surely it is a great deal for investors.
Here we give a list of 10 US blue chips which are available under $10 per share:
1) Citigroup
Last Close on 20-11-08: $4.71
Market Cap: $25,667 million
Sales: $56,820 million
Citigroup is a major American financial services company based in New York City. It was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, 1998. Citigroup Inc has the world's largest financial services network, spanning 107 countries with approximately 12,000 offices worldwide.
2) Alcoa
Last Close (20-11-08): $6.85
Market Cap: $5,482 million
Sales: $29,616 million
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. The company comprises five segments in two categories. Upstream segments involve bauxite mining, alumina refining, and primary aluminum production. Downstream businesses produce beverage cans, aerospace components, industrial gas turbines, automotive and building products, and telecommunications parts.
3) Xerox
Last Close (20-11-08): $5.43
Market Cap: $4,700 million
Sales: $18,120 million
Xerox Corporation is a global document management company which manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies. Xerox also produces fax machines, professional printers and several other products.
4) Motorola
Last Close (20-11-08): $3.15
Market Cap: $7,104 million
Sales: $33,987 million
Motorola is the world's third-largest manufacturer of wireless handsets, which account for 40% of total sales. It is also a leading provider of wireless infrastructure equipment such as cellular transmission base stations, amplifiers, and servers. Through its home and network mobility division, the company supplies set-top box and digital quad-play solutions to service providers. Motorola's largest customers include Sprint Nextel, AT&T, and Brightstar.
5) Starbucks
Last Close (11-20-08): $7.17
Market Cap: $5,823 million
Sales: $10,308 million
Starbucks' 16,000-plus stores sell coffee, espresso, tea, and cold blended drinks. They also offer food, whole bean coffee, coffeemaking equipment, music CDs, and other merchandise. The firm sells its coffee and Tazo Tea to grocery stores and warehouse clubs. Through joint ventures and other agreements, the firm produces and sells branded bottled Frappuccino and espresso drinks, ice creams, and liqueurs.
6) Yahoo
Last Close (20-11-08): $8.95
Market Cap: $12,420 million
Sales: $7,234 million
With operations in more than 30 countries, including 34% ownership of Yahoo Japan, Yahoo is one of the most popular Internet destinations in the world. Yahoo offers its users numerous free services, including search, e-mail, instant messenger, financial information, news, video downloads, and a variety of community platforms. Advertising accounts for about 85% of sales. The remaining 15% comes from fees on premium services.
7) Ford Motor
Last Close (20-11-08): $1.39
Market Cap: $3,321 million
Sales: $161,201 million
Ford Motor Company manufactures automobiles under its Ford, Lincoln, Mercury, Volvo, and Mazda brands. The company has about 14% market share in the US and about 9% share in Europe. Ford, Lincoln, and Mercury brand sales in North America, Europe, and South America made up 45%, 24%, and 5% of 2007 revenue, respectively. Pretax automotive income in North America has not been positive since 2004. Ford has 224,000 employees and is based in Dearborn.
8) General Motors
Last Close (20-11-08): $2.88
Market Cap: $1,703 million
Sales: $166,102 million
General Motors sells a wide variety of vehicles through eight brands in North America and 12 brands outside North America. The company's 2007 market share in the US was 23.5% and worldwide was 13.3%. Global sales were 9.37 million vehicles for $178.2 billion. The company also owns 49% of GMAC Financial Services, which provides auto loans, insurance, and mortgages. GM manufactures its vehicles in 35 countries and employs 266,000 people.
9) Allied Waste
Last Close (20-11-08): $9.00
Market Cap: $3,912 million
Sales: $6,193 million
Founded in 1987, Allied Waste is the nation's second-largest solid waste management company, providing collection, transfer, recycling, and disposal services for more than 8 million residential, commercial, and industrial customers. As of Dec. 31, 2007, the firm operated a network of 161 transfer stations, 161 active landfills, and 53 recycling facilities. About 30% of revenue comes from residential customers, 40% from commercial, and 30% from industrial sources.
10) E*Trade Financial Corp
Last Close (20-11-08): $.94 (94 cents)
Market Cap: $505 million
Sales: - $900 million
With headquarters in New York City, E*Trade is best known for its online brokerage business. The company also offers checking accounts, savings accounts, and a variety of consumer loans through its thrift subsidiary.
- HBJ Team
