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.

Read our Advertiser Disclosure.
Contributor, Benzinga
May 26, 2024

Walmart (NYSE: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%.

$65.33
0.49[0.76%]
Last update: 7:51PM (Delayed 15-Minutes)
Get Real Time Here
Open65.130Close65.380
Vol / Avg.11.795M / 17.763MMkt Cap526.546B
Day Range65.010 - 65.69052 Wk Range48.337 - 65.690

Adobe (NASDAQ: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).

$475.37
-7.94[-1.64%]
Last update: 7:38PM (Delayed 15-Minutes)
Get Real Time Here
Open481.250Close475.430
Vol / Avg.3.086M / 3.497MMkt Cap212.966B
Day Range473.900 - 485.38052 Wk Range361.720 - 638.250

Abbott Laboratories (NYSE: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.

$103.4598
-0.7702[-0.74%]
Last update: 5:19PM (Delayed 15-Minutes)
Get Real Time Here
Open104.150Close103.950
Vol / Avg.4.456M / 5.723MMkt Cap179.982B
Day Range103.580 - 104.36952 Wk Range89.674 - 121.640

Thermo Fisher Scientific (NYSE: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%).

$584.05
-0.98[-0.17%]
Last update: 4:00PM (Delayed 15-Minutes)
Get Real Time Here
Open586.000Close584.050
Vol / Avg.883.271K / 1.347MMkt Cap222.941B
Day Range581.345 - 587.95552 Wk Range415.600 - 603.820

Fifth Third Bancorp (NASDAQ: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.

$36.94
0.12[0.33%]
Last update: 7:20PM (Delayed 15-Minutes)
Get Real Time Here
Open36.990Close37.250
Vol / Avg.1.852M / 4.630MMkt Cap25.269B
Day Range36.930 - 37.25052 Wk Range22.490 - 39.140

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

Mega 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 these stocks. Though you won’t find any stocks under $5 on the coveted mega-cap list, we’ll help you identify the stocks worth your investment.  

Quick Look at the Best Mega-Cap Stocks:

Overview

To qualify as a mega 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 These 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.

Features to Look for in Mega Stocks

These 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 stock options 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 these stocks because they assume major companies will pay out the highest dividends. This isn’t always true — mega 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 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.

  • 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 these 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

These 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 these stocks, 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.

Q

What is a mega-cap stock?

A

A mega-cap stock is shares in a company with at least $300 billion in market capitilization.

Q

Are mega-cap stocks risky?

A

Mega-cap stocks are considered some of the most stable stocks on the market.

Q

Where can I find a broker to trade mega-cap stocks?

A

You can find a list of brokers who trade mega-cap stocks on the list above.

About Sarah Horvath

Sarah Horvath is a seasoned financial writer with a specialization in investing content. With a keen eye for market trends and a deep understanding of investment strategies, Sarah delivers insightful and informative articles tailored to investors. Her dedication to providing valuable content empowers readers to make informed decisions in the dynamic world of finance. Sarah’s expertise extends across various investment vehicles, including stocks, bonds, cryptocurrencies, and real estate. Whether analyzing market movements, evaluating investment opportunities, or demystifying complex financial concepts, Sarah’s writing is characterized by clarity, accuracy, and actionable insights. Through her engaging content, Sarah strives to educate and guide investors on their journey towards financial success.