Analyst Picks 5 Mega-Cap Value Stocks After SpaceX IPO as Nasdaq-100 Focus Shifts
Updated
Updated · Barchart · Jun 19
Analyst Picks 5 Mega-Cap Value Stocks After SpaceX IPO as Nasdaq-100 Focus Shifts
2 articles · Updated · Barchart · Jun 19
Summary
Rob Isbitts narrowed the top 20 U.S. mega-caps to five value candidates—Alphabet, Amazon, Berkshire Hathaway, JPMorgan and Johnson & Johnson—arguing investors should look beyond SpaceX's post-IPO frenzy.
SpaceX's debut and immediate Nasdaq-100 inclusion have intensified attention on glamour trades, prompting Isbitts to hunt for large companies that could hold up if extreme index concentration starts to crack.
Berkshire and JPMorgan stood out most on his technical screen, with Berkshire described as a defensive 'don't lose' option and JPMorgan seen as having some upside in a high-rate environment.
Alphabet and Amazon earned strong business marks but weaker chart assessments, while Johnson & Johnson looked safer than exciting, underscoring his view that narratives are easier to find than price confirmation.
The broader takeaway was a warning that the biggest stocks may not keep carrying the S&P 500, making technical discipline more important even among mega-cap names.