From Nasdaq: 2024-04-10 18:36:44

In 2023, the S&P 500 Index had a 24% return, surprising many – but stocks continue to rise in 2024, especially mega-cap stocks. Leading mega-cap stocks include Novo Nordisk, Walmart, and Oracle, with strong performance, healthy cash flows, and reliable dividend payments. Analysts expect further growth from these market titans.

Novo Nordisk (NVO), a global healthcare company with a market cap of $560.3 billion, offers innovative biopharmaceutical products and has seen stock growth of 57% in the past year. Strong financials, dividend growth, and upcoming acquisitions make NVO a promising investment, with analysts predicting a potential 17.8% rise in stock price.

Walmart (WMT), valued at over $481 billion, remains a top choice for shoppers with its innovative strategies and solid financial position. With 50 consecutive years of dividend increases, WMT provides stable income for investors. Strategic initiatives and positive earnings reports continue to drive growth, with analysts forecasting a 7.2% upside potential.

Oracle (ORCL), with a market cap of $338 billion, is a leader in cloud computing, offering essential services for businesses undergoing digital transformation. Strong stock performance and growth, along with consistent dividend payments, make ORCL a solid investment choice. Analysts predict a 12% potential upside from the current stock price.

These mega-cap dividend stocks provide a combination of stability, income, and growth, making them ideal investments for those seeking reliable returns. Whether it’s healthcare innovation, retail resilience, or cloud dominance, these top players in the market offer a strong investment opportunity.



Read more at Nasdaq: 3 Best Mega-Cap Stocks for Dividend Investors