megacaps

Wall Street megacaps: Limited exposure to Wall Street megacaps insulated us from drawdown: Arindam Mandal of Marcellus

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Wall Street megacaps: Limited exposure to Wall Street megacaps insulated us from drawdown: Arindam Mandal of Marcellus

Marcellus’ Global Compounders fund has outperformed the S&P 500 by a wide margin by keeping limited exposure to megacaps. “This positioning has insulated us from the recent drawdown and volatility. The megacaps, including not only the big tech names but also companies like Eli Lilly and Costco, have been bid up to extremely high valuations … Read more

Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide

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Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide

Wall Street indexes closed lower on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing on the Nasdaq ahead of this week’s crop of economic data and remarks from Federal Reserve Chair Jerome Powell. Tuesday’s economic data was a mixed bag showing slower U.S. services industry growth in … Read more