Large Cap Stocks To Add to Your Watchlist - March 16th

As of March 16th, there are seven large-cap stocks recommended for your watchlist. These stocks include NVIDIA, Tesla, Invesco QQQ, Apple, Palantir Technologies, Microsoft, and Amazon.com. Large-cap stocks are shares of companies that have a market capitalization of $10 billion or more. These established companies tend to be financially sound and play significant roles in their respective sectors, usually providing investors with stable dividends and lower volatility compared to smaller companies.

NVIDIA (NVDA)

NVIDIA Corporation specializes in offering graphics, computing, and networking solutions globally. Its product range includes GeForce GPUs for gaming, the GeForce NOW game streaming service, and enterprise workstation graphics through Quadro/NVIDIA RTX GPUs. NVIDIA also provides automotive platforms and software designed for metaverse development.

On Friday, NVIDIA's stock price increased by $6.09, closing at $121.67. The trading volume was around 276 million shares, slightly below its average of 321 million. Currently, NVIDIA holds a market cap of $2.97 trillion, with a price-to-earnings ratio of 47.88.

Tesla (TSLA)

Tesla, Inc. is known for its electric vehicles and energy storage systems, operating in various regions including the U.S. and China. The company has two main segments: Automotive and Energy Generation and Storage.

Tesla's stock rose by $9.30, reaching a price of $249.98 during Friday’s trading. It saw a trading volume of nearly 100 million shares, above its usual 88 million. Tesla currently boasts a market capitalization of $804.06 billion.

Invesco QQQ (QQQ)

Invesco QQQ Trust tracks the performance of the Nasdaq-100 Index, offering investors a way to buy a collection of tech-heavy stocks. The QQQ stock traded up $11.32, closing at $479.66, with significant trading activity of over 43 million shares.

Apple (AAPL)

Apple Inc. designs and markets a variety of consumer electronics such as iPhones and Mac computers. The company’s stock gained $3.81 on Friday, reaching $213.49 with trading volumes surpassing 60 million shares.

Palantir Technologies (PLTR)

Palantir Technologies, Inc. provides software platforms that serve as operational systems for both commercial and government clients. On Friday, its stock traded up $6.62, hitting $86.24 with impressive trading volume of 113 million shares.

Microsoft (MSFT)

Microsoft Corporation is known for its software development, offering services such as Microsoft 365. The stock reached $388.56, up by $9.79 during Friday’s session.

Amazon.com (AMZN)

Amazon.com, Inc. is a global leader in retail sales, encompassing online and physical stores. On Friday, shares rose by $4.06, closing at $197.95.

These large-cap stocks represent a significant opportunity for investors looking for stability and growth in their portfolios.

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