Tech behemoth Apple Inc. (AAPL) in Cupertino, Calif., is known for its innovative products, such as iPhones. In addition, the company offers numerous services that include Apple Arcade, Apple Music, Apple News+ and Apple TV+. It has a $2.92 trillion market capitalization. In comparison, with a market cap of $226.94 billion, Cisco Systems (CSCO) in San Jose, Calif., designs, manufactures, and sells Internet Protocol-based networking and other communications and information technology products. In addition, it provides infrastructure platforms, including networking technologies for switching, routing, wireless, and data center products.
Concerns surrounding multi-decade high inflation, Russia’s invasion of Ukraine, and rising crude oil prices have raised questions about the stock market’s stability. In addition, after announcing its first interest rate hike in more than three years, the Federal Reserve is expected to get more aggressive with rate increases to fight inflation. Furthermore, the United States imposed a new round of sanctions on Russia on Wednesday. Against this backdrop, it could be wise to invest in mega-cap stocks because of their impressive market dominance and solid long-term growth prospects. So, both AAPL and CSCO could generate steady returns in the long term.
