Megatrends, Mega Profits: 3 Mega-Cap Stocks to Own

InvestorPlace03-29

These three mega-cap stocks to buy are riding tremendous long-term tailwinds. Visa (V): The pandemic accelerated Visa’s efforts to take market share away from cash. Thermo Fisher Scientific (TMO): The...

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These three mega-cap stocks to own are set for outsized gains.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","LU0444971666.USD":"天利全球科技基金","BK4526":"热门中概股","BK4141":"半导体产品","LU0971096721.USD":"富达环球金融服务 A","BK4559":"巴菲特持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4503":"景林资产持仓","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4505":"高瓴资本持仓","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","03145":"华夏亚洲高息股","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0557290698.USD":"施罗德环球可持续增长基金","LU0114720955.EUR":"SUSTAINABLE GLOBAL HEALTH CARE \"A\" INC","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU":"陆金所","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","TSM":"台积电","LU0056508442.USD":"贝莱德世界科技基金A2","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","IE00B2B36J28.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I1\" (USD) INC","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","BK4566":"资本集团","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","V":"Visa","TMO":"赛默飞世尔","BK4121":"生命科学工具和服务","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4527":"明星科技股"},"translate_title":"大趋势，巨额利润：拥有3只大盘股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V":1,"TSM":1,"TMO":1,"LU":0.6,"03145":0.6},"content_text":"These three mega-cap stocks to buy are riding tremendous long-term tailwinds.\nVisa (V): The pandemic accelerated Visa’s efforts to take market share away from cash.\nThermo Fisher Scientific (TMO): The world’s rapidly aging population is driving unprecedented demand for new biotech cures.\nTaiwan Semiconductor Manufacturing (TSM): TSM’s semiconductor foundry business model is firing on all cylinders.\n\n\n\n\n\n \n\nSource: Thapana_Studio / Shutterstock.com\n\n\n\nLet’s take a look at three mega-cap stocks to own. A mega-cap company is traditionally thought of as a firm with a market capitalization of at least $200 billion. These are the true giants of the American economic system.\nAs of this writing, there are just 47 stocks listed on the New York Stock Exchange or Nasdaq with a market capitalization that qualifies for mega-cap status.\nGenerally speaking, companies that reach this size have gotten there through a fantastic product or business model. Oftentimes, however, a company already becomes quite mature by the time it gets large enough to stack up such a prodigious market capitalization.\nIn some cases, however, mega-cap firms can still have surprisingly strong growth prospects. These are three mega-cap stocks to own that are riding some of the megatrends which will define the next decade’s economic contours.\nVisa’s Megatrend: The War On Cash\nSource: Kikinunchi / Shutterstock.comVisa (NYSE:V) has been one of the most impressive growth stories out there since shares went public in the mid-2000s. \nSince 2014 alone, Visa has grown its annual revenues from $12.7 billion to $32.7 billion in 2023. That’s an incredible 10.7% compound annualized growth rate. Earnings per share have grown even faster, at a shocking 15.9% annualized. That’s a tremendous growth rate for a business that is already as large and prosperous as Visa.\nVisa is able to achieve such consistent and persistent growth for a couple of reasons. One, credit card companies have tremendous network effects. As more merchants accept Visa, it makes having a Visa card more attractive and lowers the operating cost per transaction for Visa to process transactions. And as more shoppers sign up for Visa cards, it makes it more imperative for new merchants to join the network. \nThe pandemic served as the latest catalyst in the war on cash. Merchants rushed to install contactless payment options, and more stores and services moved their wares to e-commerce offerings as well, serving as a two-pronged push toward additional credit and debit card adoption.\nA study in the Netherlands, for example, found that debit card usage there rose by 12% compared to the baseline expectation in market share as compared to cash. And much of this increase held even after lockdowns ended and the economy opened back up. \nFor another growth avenue, consider emerging markets where cash is often still king. Over time, Visa should see more growth on an international basis, driving further upside in its earnings and, in turn, the stock price.\nThermo Fisher Scientific’s Megatrend: The Next Biotech Revolution\nSource: Michael Vi / Shutterstock.comLab equipment. Diagnostic tools. This stuff may not sound like huge business at first glance. But Thermo Fisher Scientific’s (NYSE:TMO) healthcare and diagnostic equipment operations are a well-oiled profit machine.\nThermo Fisher has grown revenues from $17 billion in 2014 to $43 billion for fiscal year 2023. The company has grown other metrics even faster, with free cash flow rising 15% per year annualized and earnings growing more than 16% annualized.\nThermo Fisher achieves these gains in large part due to a constant stream of mergers and acquisitions. Management is always out looking for up-and-coming lab tools companies that can bolt-on nicely to Thermo Fisher’s existing operations. Once acquired, these firms can be plugged into the company’s distribution network, boosting sales and profitability.\nThermo Fisher’s vast array of different tools and services places it at the forefront of the current wave of biotechnology. As RNA therapies, gene editing, CRISPR technologies and the like advance in development, Thermo Fisher will sell a lot more equipment to the biotech and pharma companies that are making these life-changing discoveries possible.\nTSM’s Megatrend: The Semiconductor Foundry Model\nSource: Ascannio / Shutterstock.comTaiwan Semiconductor Manufacturing (NYSE:TSM) is the world’s dominant semiconductor foundry company. TSM now holds more than 60% market share globally, with the next closest player, Samsung coming in a distant No. 2 at 11% share.\nTSM was shrewd in realizing that many newer semiconductor companies wouldn’t want to operate their own fabs anymore. In addition, with the growth of newer use cases for semiconductors, such as in connected devices and internet of things applications, a lot of broader use cases have opened up for chips that require more foundry capacity.\nEven before getting to AI – the latest growth driver – this was already an industry that was exploding in size. To that point, TSM grew revenues from $24 billion in 2014 to $69 billion in 2023. And that was before the AI wave really kicked in; analysts now see TSM hitting nearly $100 billion of revenues in 2025.\nTo be certain, there are risks here. Taiwan’s political situation is unclear, and that presents some risk to its large technology companies. In addition, TSM’s market share is already so large that some customers may look to diversify their supply chains to other vendors. That said, the overall industry is enjoying exponential growth and TSM is the dominant player, putting it in-line to win the lion’s share of new business from this megatrend as it evolves.\nOn the date of publication, Ian Bezek held a long position in V stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nIan Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/megatrends-mega-profits-3-mega-cap-stocks-to-own/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423114193"}