What is a purple chip stock?
Purple Chip Stock is a term coined by portfolio manager John Schwinghamer in his 2012 book "Purple Chips: Winning in the Stock Market with the Very Best of the Blue Chip Stocks" to describe a stock that is “the royalty of blue chip stocks,” or the highest-quality and lowest-risk of these top-notch stocks.
This is a term used to describe instruments considered to be the best and safest of blue-chip stocks - ie the 'blue-chip royalty'.
Purple: Conveying Luxury and Confidence - Purple, with its regal connotations, is another go-to choice for financial planners. It represents luxury, creativity, and a sense of confidence.
Blue-chip stocks are big companies known for being valuable, stable and established. Blue-chips are popular among investors for their reliability, though they're not immune to market downturns. Most blue-chip stocks are part of a large-cap market index like the S&P 100, Dow Jones Industrial Average or Nasdaq 100.
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. Tesla, for example, is down about 23% so far this year.
You're starting to sit in on some high-stakes cash games when stacks of the purple chips are at the table. Purple is often an indicator of $500 chips, and a standard 20-chip column of these is a $10,000 stack.
Casino chip nicknames are inspired by their color. A $500 chip is purple, a "Barney." A $1,000 chip is often orange, or a "pumpkin." When $1,000 chips are yellow, they're "bananas." The $5,000 chip is brown, so they're "chocolate" chips.
Purple Innovation has 71.72% upside potential, based on the analysts' average price target. Purple Innovation has a conensus rating of Moderate Buy which is based on 3 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for Purple Innovation is $2.55.
It tends to be used with higher-end products due to its association with royalty and elegance. Purple's mysterious element is also linked with spirituality, and it can bring a magical element to your branding.
If you want to position your brand as prestigious, purple may be your most effective brand color. It used to be one of the most expensive colors to produce, and purple's connotation of royalty still remains to some extent. Creative problem-solving companies can also brand with purple.
What is a red chip stock?
A red-chip company is one that does most of its business in China, and which the Chinese government has a considerable stake in the firm. Red-chips, however, are incorporated outside mainland China and listed on the Hong Kong Stock Exchange.
Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.
Green chip stocks are shares of environmentally-friendly companies. Green chip stocks are likely to be concentrated in areas such as alternative energy, pollution control, carbon abatement, and recycling.
- Broadcom Inc. (NASDAQ:AVGO)
- Eli Lilly and Company (NYSE:LLY)
- JPMorgan Chase & Co. (NYSE:JPM)
- Berkshire Hathaway Inc. (NYSE:BRK-B)
- Apple Inc. (NASDAQ:AAPL)
- Visa Inc. (NYSE:V)
- Alphabet Inc. (NASDAQ:GOOG)
| S.No. | Name | CMP Rs. |
|---|---|---|
| 2. | West Coast Paper | 604.30 |
| 3. | Andhra Paper | 489.40 |
| 4. | C P C L | 942.35 |
| 5. | Shreyans Inds. | 230.80 |
| 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% |
Poker chip values FAQs
In most casinos, the light blue or grey poker chip is worth $100,000, which is the highest chip value available. In lower-stakes games, the black chip is often the highest in value, worth $100 in most casinos.
- White chips – $1.
- Red chips – $5.
- Green chips – $25.
- Black chips – $100.
- Purple chips – $500.
- Maroon (or orange) chips – $1,000.
In gambling parlance chips (known as checks) are typically known by their colors in higher denominations. A $100 chip is known as a black.
Stahl Meteorite Poker Set, $150,000
The set not only features gem-encrusted poker chips but actual pieces of an 800,000-year-old meteorite in Sweden. The insane bullet points for these uber-expensive poker chips go on and on: Manufactured by Stahl of Sweden. Chips are covered in 18-karat white gold.
What is the most expensive poker chip in the world?
Geoffrey Parker Poker Chips
They remain the most expensive poker chips ever made, estimated at an eye-watering $7.5 million! There are 384 chips in this set, with over 22,364 precious stones (and 1,012 carats) used in total.
During a quarter when it launched a new product suite, both top- and bottom-line results were disappointing. The company also cut guidance due to industry weakness. Management saw some promising signs in its brand launch in June.
The average one-year price target for Purple Innovation, Inc. is $3.534. The forecasts range from a low of $2.02 to a high of $8.4. A stock's price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings.
Purple Group Limited (DE:3PU) does not pay a dividend.
Red and orange seem to be the clear winner when it comes to eye-catching colors. These colors tend to stand out and are therefore used on many warning signs or safety equipment. Yellow is another color that comes in a close second to red and orange in popularity.
