Blue-Chip Stocks Shine Bright Amidst Dow Jones Growth

The Dow Jones (^DJI) is home to some of corporate America's biggest names, but only a handful are still growing at a strong pace. Among those shining bright are three blue-chip stocks that have adapted to change and are driving shareholder value.

Amazon (AMZN), founded by Jeff Bezos after he left his job at D.E. Shaw, is the world's largest online retailer and provider of cloud computing services. Its revolutionary impact on consumer shopping and highly profitable AWS segment has driven impressive revenue growth, with top-line momentum supported by modest operating leverage on past infrastructure investments.

Amazon's elite earnings per share (EPS) growth over a multi-year period is attributed to its best-in-class revenue growth. However, its capital-intensive e-commerce business means profitability is structurally lower than its pure-play tech peers.

Nvidia (NVDA), founded in 1993 by Jensen Huang and two former Sun Microsystems engineers, is a leading fabless designer of chips used in gaming, PCs, data centers, automotive, and various end markets. Its outstanding annual revenue growth of 77.4% over the past two years reflects market share gains, while share repurchases have enabled its annual EPS growth to outpace revenue gains.

Amgen (AMGN), founded in 1980 during the biotechnology revolution, is a biotechnology company that discovers, develops, and manufactures innovative medicines for serious illnesses. Its revenue base of $38.1 billion gives it economies of scale and negotiating power, while its impressive free cash flow profitability enables funding new investments or rewarding investors with share buybacks/dividends.