3 Popular Mega-Cap Stocks Wall Street Predicts Will Rally by More Than 30% -Breaking
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© Reuters 3 Popular Mega-Cap Stocks Wall Street Predicts Will Rally by More Than 30%It could make sense to buy mega-cap stocks in order to secure stable returns, given the uncertain market. Wall Street analysts anticipate quality mega-cap stocks Visa Alibaba In the next few months, PayPal (NASDAQ:), (NYSE:) will deliver strong returns. So, let’s discuss these names.Mega-cap stocks are considered the safest bets amid market volatility because the size and strength of these companies help them to endure market downturns better than their smaller-cap brethren. Mega-cap stocks can be trusted because of their low risk and traditional nature. Indeed, investors’ interest in mega-cap stocks is evidenced by Vanguard Mega Cap Index Fund ETF’s (MGC) 6.4% returns over the past month and 23% gain year-to-date.
Even though the third-quarter earnings season has been impressive so far, and the stock market moved higher in response, concerns over high inflation, supply chain disruptions, and the Fed’s monetary policy tightening are expected to keep the market volatile in the near term. Stock futures traded mixed today as investors waited for the Federal Reserve to taper.
Wall Street analysts predict that mega-cap stocks will be very popular. Visa Inc . (NYSE): Alibaba Group Holding Limited, and PayPal Holdings, Inc. to rise by over 30% in the immediate term. So, we think it could be worth adding these stocks to one’s watchlist.
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