Investing
The Next Mega-Caps: 7 Stocks Likely to Be Worth $100 Billion Soon
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Now that stocks have charged back from the depths of the January and February selling, the Dow Jones Industrial Average (DJIA) and S&P 500 managed to come back to positive for 2016 last week. Investors are now wondering what they should be investing into. Defensive stocks with dividends are one strategy, but another is to invest in the mega-cap stocks worth $100 billion or more.
When companies reach mega-cap value, it creates a safety net in the minds of investors. With more than 40 companies worth $100 billion or more, some growth-minded investors would want to know which companies are the next most likely companies to be worth more than $100 billion.
24/7 Wall St. has identified seven companies that could easily reach the $100 billion mark. Some may have briefly been worth $100 billion previously, but companies that have recently pulled back to $100 billion or just under were not considered here. In short, this is an effort to find the next mega-cap stocks.
One word of caution is that stock buyback plans can always get in the way of formal market capitalization growth. As such, we included the relative values today and what the shares would likely need to rise to on a static basis from now in order to be worth $100 billion. Trading history and some brief color have been added as well.
These are the seven most likely candidates to be the next mega-cap stocks for investors.
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