2 Large Cap Stocks to Watch in the Stock Market Today
Begin, large cap stocks They are shares of companies with a market capitalization of more than $10 billion. These are usually well-established companies that have been around for a while and have a proven track record of success. They are generally considered less risky investments than small-cap stocks, as they have a larger and more diversified customer base and income stream. Many of these companies are household names, such as Apple (NASDAQ:AAPL), amazon.com (NASDAQ:AMZN), Y Microsoft (NASDAQ:MSFT).
Investing in large-cap stocks can be a good way for the common investor to gain exposure to the stock market. Due to their size and stability, large-cap stocks are less volatile than small-cap stocks and can provide a more stable source of return. Also, many large-cap stocks pay dividends, which can provide a steady stream of income for investors. However, it is important to remember that past performance is not always indicative of future results, so it is important to do your research and diversify your portfolio. With that in mind, let’s now look at two large-cap stocks that are trending in the stock Exchange today.
Large-cap stocks to buy [Or Avoid] Today
Costco Wholesale Corporation (cost stock)
Starting, Costco Wholesale Corporation (COST) is a large retail company. For starters, the company operates a chain of members-only depository clubs. In detail, Costco offers a wide range of products. This includes items like groceries, electronics, furniture, and clothing. Additionally, the company is popular for its low prices and wholesale purchasing options.
COST Recent Stock News
Just this week, Costco Wholesale announced that its board of directors reauthorized a common stock repurchase program of up to $4 billion and declared a quarterly cash dividend of 90 cents per share. This reauthorization replaces the current $4 billion program, under which approximately $1.4 billion had been purchased, and will expire in January 2027. The dividend will be paid on February 17, 2023 to shareholders of record at the close of business on February 3 of 2023.
COST Stock Chart
Since the beginning of 2023, Costco Wholesale shares have advanced 9.93%. Meanwhile, during early Friday morning trading action, COST shares are trading around $498.30 per share.
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Pfizer Inc. (PFE shares)
Second, Pfizer Inc. (PFE) is a multinational pharmaceutical company. In short, the healthcare company develops and produces medicines and vaccines for various health conditions. It is one of the world’s largest pharmaceutical companies and has a strong portfolio of patented medicines, including some of the most widely used medicines in the world.
Recent PFE Stock News
This month, Pfizer announced an expansion of its An Accord for a Healthier World initiative, which will offer the full portfolio of its medicines and vaccines to 1.2 billion people living in 45 low-income countries without profit. The goal of this initiative is to reduce the health inequalities that exist between many low-income countries and the rest of the world.
Initially, the Agreement was launched in May 2022. This includes a commitment by Pfizer to access all of its patented medicines and vaccines available in the US or European Union non-profit for 45 low-income countries. Pfizer will now expand its offering under the Agreement to include off-patent products, bringing the total offering from 23 products to around 500 products.
PFE Stock Chart
Year-to-date, PFE shares are down 13.68% so far in 2023. While on Friday morning, PFE shares are trading at $44.10 per share.
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