Kalkine Media curates three NYSE-listed large-cap stocks to watch

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  • Large-cap stocks are stocks of companies with a market cap of over US$ 10 billion.
  • The PSX stock gained about 24 per cent YoY.
  • The Travelers Companies, Inc. (NYSE: TRV) reported a five per cent YoY surge in its Q2 FY22 revenue.

Large-cap stocks are the stocks of companies that have a market cap of above US$ 10 billion. Meanwhile, it all depends on the investors and their risk-taking appetite and in which sector they want to diversify their portfolios. 

Notably, Phillips 66 (NYSE: PSX), The Travelers Companies, Inc. (NYSE: TRV), and Kroger Company (NYSE: KR) are among the NYSE-listed large-cap stocks that have maintained a steady momentum so far amid a volatile trading environment in the broader market.

While some look for small and fast-growing stocks, which could be highly volatile as well, others typically explore opportunities in large-cap stocks. Large-cap stocks are likely to be less volatile as compared to small-cap or mid-cap stocks, given their higher prices.

Here, Kalkine Media® explores some key details on these stocks for investors looking to diversify their portfolios in the large-cap segment: 

Phillips 66 (NYSE: PSX)

Phillips 66 is a petroleum refining company with a dividend yield of 4.51 per cent. The US$ 39.22 billion market cap company touched its 52-week high of US$ 111.28 on June 8, 2022.

The PSX stock added nearly 13 per cent YTD while soaring about 24 per cent in the last 12 months. However, in September, it lost more than eight per cent to date, amid inflationary pressures and further rate-hike concerns.

Meanwhile, the energy company plans to discuss its third quarter fiscal 2022 financial results on November 1.

In the second quarter of fiscal 2022, Phillips 66's revenue and other income totaled US$ 49.30 billion, a significant gain from US$ 27.88 billion in Q2 FY21. The net income of the Texas-based energy company was US$ 3.16 billion in Q2 FY22, also a notable surge from US$ 296 million in the fiscal 2021 second quarter.

The Travelers Companies, Inc. (NYSE: TRV)

The Travelers Companies is an insurance firm with a dividend yield of 2.28 per cent. The US$ 38.95 billion market cap company closed on September 15, at about 13 per cent higher than its 52-week low of US$ 145.40 noted on December 1, 2021.

The TRV stock added about five per cent YTD and four per cent YoY. It also bagged over one per cent gain in the current month through September 16. The insurance company would announce its third quarter fiscal 2022 results on October 19 at 9 am ET.

The Travelers Companies registered a five per cent YoY jump in its latest quarter revenue of US$ 9.13 billion. However, the net income of the New York-based insurance firm declined 41 per cent YoY to US$ 551 million in Q2 FY22.

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Kroger Company (NYSE: KR)

Kroger is a supermarket store-chain operator with a dividend yield of 2.13 per cent. The retail company had a market cap of US$ 34.06 billion, fulfilling the requirements of a large-cap stock.

On September 15, the retail company announced a quarterly dividend of US$ 0.26 apiece, payable on December 1 this year. Meanwhile, the KR stock added over five per cent YTD, and 16 per cent on an annual basis.

Kroger's sales were US$ 34.63 billion in Q2 FY22, against US$ 31.68 billion in the year-ago period. The attributable net income of the supermarket store-chain operator was US$ 731 million in the latest quarter, up from US$ 467 million in Q2 FY21.

Bottom line:

The market had choppy trading in recent quarters, given several macroeconomic pressures that subdued the risk-bet appetite of the traders.

Given the highly volatile condition in the broader market, let alone the volatility of the small-cap stocks, investors might look for some safer assets during this topsy-turvy period.

Having said that, investors should do thorough research before spending in any segment, considering the recent adverse environment in the equity market.



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