What Are the Best Mega-Cap Stocks to Buy for 2024?
investing.comMega-cap stocks represent shares of companies listed on the US stock market with a market capitalization exceeding $200 billion, making them the largest publicly traded companies globally.
With the assistance of InvestingPro, let's arrange the mega-cap stocks in descending order. Here is the current list of the top 36 stocks ranked based on market cap:
These stocks also constitute the largest share in the S&P 500 index. Mega-cap stocks with a stable financial structure are especially favored by long-term investors, as they tend to offer more solid returns at low volatility. In addition, most of these stocks pay regular dividends and provide investors with a significant fixed income.
The stocks with the highest market capitalization, which are stable and relatively resistant to market fluctuations, are mostly companies operating in the technology sector.
Today, in our InvestingPro analysis, we evaluated the best mega-cap stocks to buy for 2024.
Among the stocks with a market capitalization of over $200 billion, we can see that two technology stocks stand out when we rank the shares of companies operating in the technology sector according to fair value and analyst targets.
Source: InvestingPro
The first of these stocks, Salesforce (NYSE:CRM), has the potential to rise close to 24% in a year according to InvestingPro.
The other stock, Nvidia (NASDAQ:NVDA), has an upside forecast of less than 10% in the InvestingPro fair value analysis.
However, while the consensus forecast of analysts is an increase in the 35% band, it is thought that the stock is currently moving below its value.
Source: InvestingPro
In 2024, when we expand the screening of mega-cap stocks with upside potential to cover all sectors, we come across 6
Read more on investing.com
