Best Mega Cap Stocks Right Now

The best and worst performing mega cap stocks of the day sit in the tables below. Check back tomorrow for an updated list.

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Contributor, Benzinga
May 18, 2022

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Walmart (XNYS:WMT)

Walmart is a discount retail and wholesale service provider operating both physical locations and a host of online marketplaces. Some of the company’s most prominent online commerce sites include Walmart.com, ModCloth.com, Shoes.com and Art.com. The company offers nearly every type of consumer product, including clothing, groceries, furniture, electronics and much more.

Walmart is one of the few companies that has seen steady increases in stock prices throughout the pandemic thanks to the company’s increased emphasis on ecommerce platforms. Consistently profitable acquisitions (like its online curated marketplace Jet.com) has kept the company’s earnings growing as consumer tastes shift. Dividend investors may want to invest in Walmart for its stable and consistent dividend yield of 1.75%.

Walmart
(XNYS:WMT)
$134.02
1.49[1.12%]
Last update: 12:59PM
Day Range133.57 - 135.252 Wk Range117.27 - 160.77Open / Close133.83 / -Float / Outstanding- / 2.7B
Vol / Avg.2.4M / 7.8MMkt Cap363.8BP/E26.5150d Avg. Price132.68
Div / Yield2.24/1.69%Payout Ratio44.4Total Float-EPS-

Adobe (XNAS:ADBE)

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Adobe
(XNAS:ADBE)
$294.815
9.575[3.36%]
Last update: 12:59PM
Day Range290.18 - 296.7952 Wk Range274.73 - 575Open / Close291 / -Float / Outstanding- / 464.9M
Vol / Avg.2.5M / 3.5MMkt Cap137.1BP/E28.1350d Avg. Price374.67
Div / Yield-Payout Ratio-Total Float-EPS-

Abbott Laboratories (XNYS:ABT)

Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, molecular diagnostic platforms, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.

Abbott Laboratories
(XNYS:ABT)
$102.17
2.65[2.66%]
Last update: 12:59PM
Day Range100.58 - 102.7252 Wk Range96.67 - 139.83Open / Close100.67 / -Float / Outstanding- / 1.8B
Vol / Avg.2.3M / 4.7MMkt Cap178.9BP/E20.7850d Avg. Price105.82
Div / Yield1.88/1.89%Payout Ratio38.41Total Float-EPS-

Thermo Fisher Scientific (XNYS:TMO)

Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (17%); life science solutions (38%); and lab products and services (38%).

Thermo Fisher Scientific
(XNYS:TMO)
$538.71
15.78[3.02%]
Last update: 12:59PM
Day Range529.29 - 541.6352 Wk Range497.83 - 664.27Open / Close530.61 / -Float / Outstanding- / 391.8M
Vol / Avg.607.5K / 1.2MMkt Cap211.1BP/E27.8350d Avg. Price563.46
Div / Yield1.2/0.23%Payout Ratio5.96Total Float-EPS-

Fifth Third Bancorp (XNAS:FITB)

Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking centers and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Fifth Third Bancorp
(XNAS:FITB)
$34.02
1.19[3.62%]
Last update: 12:59PM
Day Range33.28 - 34.2252 Wk Range31.18 - 50.64Open / Close33.3 / -Float / Outstanding- / 686.2M
Vol / Avg.2.2M / 4.3MMkt Cap23.3BP/E9.9550d Avg. Price34.66
Div / Yield1.32/4.02%Payout Ratio36.36Total Float-EPS-

If a company makes enough of a financial impact, it may eventually reach mega cap status. A mega cap stock is a stock issued by a company with a total market capitalization of over $300 billion. Mega cap stocks are household names and may employ thousands of people.

Mega cap stocks are some of the most stable stocks on the market. When it comes to making safe investments in companies that will remain profitable in the future, it’s hard to beat mega cap stocks. Though you won’t find any stocks under $5 on the coveted mega cap list, we’ll help you identify mega cap stocks worth your investment.  

Overview: Mega Cap Stocks

To qualify as a mega cap stock, a stock must have a total market capitalization at or above $300 billion. You can calculate a stock’s capitalization by multiplying its current share price by the number of outstanding shares. If a stock has a market cap of at least $10 billion but less than $300 billion, it’s usually considered a “large cap” stock.  

Very few companies will reach a market cap of over $300 billion. Mega cap stocks represent major corporations that have significant influence over the economy. Most mega cap stocks are household names — about 10 mega cap stocks in the U.S — and each employs thousands of people.

Investing in mega cap stocks can get expensive — most have share prices of over $100, and some (like Amazon.com) have average share prices of over $1,000. However, investing in mega cap companies comes with a number of benefits:

  • More stability: Mega cap stocks have a proven track record of positive sales data, growth and influence. Even if a mega cap company has a rough sales year or quarter, the stock price is unlikely to drop significantly because these companies have track records of success.
  • More potential for dividends: Mega cap companies have high profits and can often pay out more in dividends to investors. A dividend is a portion of a company’s profits paid out to shareholders. Though very few companies are obligated to pay dividends, many large and mega cap stocks elect to pay shareholders to encourage them to hold onto their stock.
  • Easier to find information: Mega cap corporations are well-known companies, which means that it’s easy to find investor information, expert opinions and information on the company’s financial data. It’s nearly impossible for a mega cap stock’s price to be artificially inflated or manipulated — a possibility with small and nano cap stocks. 

Best Online Brokers for Mega Cap Stocks

No matter if you’re searching for mega cap stocks to add to your portfolio or only interested in finding a few stocks under $20 to pick up while they’re undervalued, you’ll first need to open an account with a broker. A stockbroker is a person or company who is authorized to buy and sell stocks on your behalf, as members of the general public cannot directly buy or sell stocks.

If you don’t already have a brokerage account, consider a few of our favorite online brokers below.

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Features to Look for in Mega Cap Stock

Mega cap stocks can be expensive, so it’s worth the effort to do your homework before you invest. Some of the characteristics you should look for when you compare mega cap stocks include:

  • A market capitalization above $300 billion: Market capitalizations of companies can change on a weekly or even daily basis. For example, in 2008, natural gas giant ExxonMobil (NYSE: XOM) had a total market cap of over $500 billion and was considered one of the largest mega cap stocks. Today, the company’s stock prices have been on a steady decline as natural gas demand sinks, and ExxonMobil has lost its status as a mega cap stock. Today, ExxonMobil has a market capitalization of less than $200 billion.

Before you invest in a mega cap stock, be sure to check its most recent market capitalization data. You may also want to monitor each company’s total market cap to make sure it still qualifies as a mega cap stock.

  • A safe, sustainable dividend yield: Many investors turn to mega cap stocks because they assume major companies will pay out the highest dividends. This isn’t always true — mega cap stocks like Amazon (NYSE: AMZN) and Facebook (NASDAQ: FB) don’t currently offer any form of a dividend.

If you are investing for dividends, make sure your mega cap stock offers them before you buy. Look for a company’s “dividend yield” percentage while you’re doing your research. The dividend yield is calculated by dividing a company’s current annual dividend by its current stock price. Dividend yields above 10% are considered to be riskier investments because the dividend may not be sustainable.

  • A consistent earnings per share value: A company’s earnings per share (EPS) value is calculated by dividing its total revenue minus dividends by its current number of outstanding shares. Though mega cap stocks don’t typically have the high growth potential of smaller companies, a consistent EPS typically indicates that the company is doing well financially. 

Adding Mega Cap Stocks to Your Portfolio

Mega cap stocks represent some of the largest companies in the world — and their share prices often reflect this size and stability. If you don’t have the investment capital to purchase an entire share of a mega cap stock, consider investing in a mega cap ETF like the Vanguard Mega Cap ETF or the iShares S&P 100 ETF. These funds trade like regular shares of stocks but give you access to a bundle of fractional shares of the billion-dollar companies you want.