Stocks

Amazon Makes Morningstar List of Undervalued Mega-Caps



The S&P 500, which is dominated by mega-cap stocks, has dropped 17% so far this year.

While it’s only natural for investors to be freaked out by the move, there may be some buying opportunities amid the carnage.

Morningstar lists five “market leaders” among the market’s 10 biggest stocks, as measured by market capitalization.

Morningstar analyst Ali Mogharabi puts fair value at $384, compared to a recent quote of $193.80.

“While Meta continues to focus on metaverse opportunities in the long run, it is also increasing its efforts and investments in its very profitable advertising business to overcome obstacles created by Apple and position itself to benefit from the growing short-form video trend,” he wrote in a commentary. 





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