Companies with a market capitalization of more than $200 billion are considered mega-cap. They are typically industry leaders, characterized by strong brand recognition and global market presence. Such companies typically have solid financials and cash flows, which allows them to remain stable even during an economic downturn.
The stock markets corrected last month on investors’ concerns over rising inflation, geopolitical tensions between U.S and Russia of Ukraine, and the Fed’s signal that it will raise interest rates multiple times this year.
