15 Best Large-Cap Stocks to Buy in 2024

Published on February 19, 2024 at 11:28 am by Fahad Saleem in Hedge Funds, News

In this article, we will take a detailed look at the 15 Best Large-Cap Stocks to Buy in 2024. For a quick overview of such stocks, read our article 5 Best Large-Cap Stocks to Buy in 2024.

Large-cap stocks rose to prominence when the inflation storm began and the Federal Reserve began raising interest rates. That’s because major companies with established business models and strong balance sheets can weather difficult times better than smaller companies. Earlier this month, Morgan Stanley said in a report that US stocks are pricing in a lot of good news for 2024. Goldman Sachs said valuations are no longer cheap but they are not stretched either. Goldman said in the current environment where cost of capital remains high, large-cap stocks are “better insulated” from market pressures when compared to “fragile” small-cap companies.

Citi Picks Top Large-Cap Stocks for 2024

In January 2024, Citi published its large-cap recommendations for 2024. Citi said these are buy-rated large-cap stocks that were selected through a “bottom-up fundamental methodology.” Citi said it took into account several metrics while choosing these stocks including health of balance sheets, growth prospects and valuations.

For this article we scanned through Citi’s list of large-cap recommendations and picked 15 stocks with the highest number of hedge fund investors. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

Photo by Kaleidico on Unsplash

15. Rockwell Automation Inc (NYSE:ROK)

Number of Hedge Fund Investors: 34

Industrial automation company Rockwell Automation Inc (NYSE:ROK) ranks 15th in our list of the best large-cap stocks to buy. Insider Monkey’s database of 910 hedge fund shows that 34 hedge funds had stakes in Rockwell Automation Inc (NYSE:ROK) as of the end of the third quarter of 2023. The biggest stake in Rockwell Automation Inc (NYSE:ROK) is owned by Ken Fisher’s Fisher Asset Management which owns a $159 million stake in Rockwell Automation Inc (NYSE:ROK).

Goldman Sachs recently published a list of stocks that could gain if Republicans win the US election 2024. Rockwell Automation Inc (NYSE:ROK) made it to the list as Goldman believes the stock can gain on the back of onshore initiatives involving electrification and automation.

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Rockwell Automation, Inc. (NYSE:ROK) in its Q3 2023 investor letter:

“In the Industrials sector we gravitate towards business service companies, those focused on automation & efficiency improvements, and essential infrastructure services. Rockwell Automation, Inc. (NYSE:ROK) is a new addition this quarter. They provide industrial automation and digital transformation solutions. There is secular growth stemming from a rapid push towards automated and connected manufacturing; as well as offering an offset to rising labor costs.”

14. CRH PLC (NYSE:CRH)

Number of Hedge Fund Investors: 48

Building materials company CRH PLC (NYSE:CRH) ranks 14th in our list of the best large-cap stocks to buy in 2024. Citi estimates an EPS of $4.60 for CRH PLC (NYSE:CRH) in 2024. As of the end of the third quarter of 2023, 48 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in CRH PLC (NYSE:CRH).

In December, CRH PLC (NYSE:CRH) said it completed the latest phase of its share buyback program, returning a further $1 billion of cash to shareholders.

ClearBridge International Growth EAFE Strategy stated the following regarding CRH plc (NYSE:CRH) in its fourth quarter 2023 investor letter:

“Despite these risks, our holdings in Europe and the U.K. found their footing in the fourth quarter, with eight of the top 10 individual contributors coming from these regions. Irish building materials supplier CRH plc (NYSE:CRH), which has demonstrated strong value creation through M&A and optimization of its portfolio assets over the last several quarters, rose strongly on positive sentiment after its investor day highlighted the company’s accelerating growth in the U.S.”

13. Constellation Brands, Inc. (NYSE:STZ)

Number of Hedge Fund Investors: 50

Last month, Morgan Stanley analyst Dara Mohsenian praised Constellation Brands, Inc.’s (NYSE:STZ) earnings and valuation. The analyst expects solid beer volumes in the future.

As of the end of the third quarter of 2023, 50 hedge funds had stakes in Constellation Brands, Inc. (NYSE:STZ).

12. Bank of New York Mellon Corp (NYSE:BK)

Number of Hedge Fund Investors: 51

Insider Monkey’s database of 910 hedge funds shows that 51 hedge funds had stakes in Bank of New York Mellon Corp (NYSE:BK) as of the end of the third quarter. The most significant stake in Bank of New York Mellon Corp (NYSE:BK) is owned by Jean-Marie Eveillard’s First Eagle Investment Management which owns a $693 million stake in Bank of New York Mellon Corp (NYSE:BK).

Last month Bank of New York Mellon Corp (NYSE:BK) posted fourth quarter results. Adjusted EPS in the period came in at $1.28, beating estimates by $0.16. Revenue jumped 9.9% year over year to $4.31 billion, beating estimates by $10 million.

11. Deere & Co (NYSE:DE)

Number of Hedge Fund Investors: 55

Deere & Co (NYSE:DE), commonly known as John Deere, makes agricultural machinery. The stock is among the top large-cap recommendations for 2024 by Citi. Deere & Co (NYSE:DE) is also liked by hedge funds since Insider Monkey’s proprietary database of 910 hedge funds shows that 55 hedge funds had stakes in Deere & Co (NYSE:DE). The most significant stake in Deere & Co (NYSE:DE) is owned by Michael Larson’s Bill & Melinda Gates Foundation Trust which owns a $1.5 billion stake in Deere & Co (NYSE:DE).

10. Lockheed Martin Corp (NYSE:LMT)

Number of Hedge Fund Investors: 60

With a dividend yield of 2.95%, Lockheed Martin Corp (NYSE:LMT) is a notable large-cap stock to buy in 2024. Citi expects Lockheed Martin Corp’s (NYSE:LMT) EPS to come in at $26.32 in 2024.

As of the end of the third quarter of 2023, 60 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Lockheed Martin Corp (NYSE:LMT). The biggest stake in Lockheed Martin Corp (NYSE:LMT) is owned by John Overdeck and David Siegel’s Two Sigma Advisors which owns a $366 million stake in Lockheed Martin Corp (NYSE:LMT).

RiverPark Advisors made the following comment about Lockheed Martin Corporation (NYSE:LMT) in its Q3 2023 investor letter:

“Lockheed Martin Corporation (NYSE:LMT): LMT is the world’s largest aerospace and defense contractor. With about 70% of its $66 billion in revenue from the U.S. government, the company is well positioned to benefit from U.S. defense budget growth, historically 5%-6% per year, as well as increased global military spending. With a $158 billion backlog and almost 30% of its revenue coming from building F-35 aircraft with deliveries forecast to reach 180 per year (up from 141 in 2022) in the coming years, we believe the company could grow at a higher rate than overall defense budget growth and Street expectations over the next several years. Further, strategic acquisitions, debt repayment, a 2.9% dividend yield, and continued share buybacks from more than $6 billion per year of free cash flow should lead to even greater shareholder returns. We re-initiated a small position in August.”

9. Schlumberger NV (NYSE:SLB)

Number of Hedge Fund Investors: 65

Oilfield services company Schlumberger NV (NYSE:SLB) last month reaffirmed its full-year 2024 guidance and said it expects “significant growth for 2024” in Saudi Arabia despite the country’s recent orders to Aramco that indicated a planned reduction in oil production.

Citi expects Schlumberger NV’s (NYSE:SLB) EPS in 2024 to total $3.61.

Alger Spectra Fund made the following comment about Schlumberger Limited (NYSE:SLB) in its Q3 2023 investor letter:

“Schlumberger Limited (NYSE:SLB) provides technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. During the period, shares contributed to performance driven in large part by higher oil prices and strong fiscal second quarter earnings results. Within its quarterly report. the company highlighted growing momentum in international offshore markets that reflected market share gains as well as solid end market activity, leading to strong profit margins and healthy free cash flow generation, in our view.”

8. HCA Healthcare Inc (NYSE:HCA)

Number of Hedge Fund Investors: 71

Citi believes HCA Healthcare Inc (NYSE:HCA) is one of the top large-cap stocks to own in 2024. Citi expects HCA Healthcare Inc (NYSE:HCA)’s EPS in 2024 to come in at $19.29.

Out of the 910 hedge funds tracked by Insider Monkey, 71 hedge funds had stakes in HCA Healthcare Inc (NYSE:HCA).

Diamond Hill Large Cap Strategy made the following comment about HCA Healthcare, Inc. (NYSE:HCA) in its Q3 2023 investor letter:

“Health care facilities operator HCA Healthcare, Inc. (NYSE:HCA) and medical device company Abbott Laboratories were also among our bottom contributors. Despite solid fundamental performance, HCA Healthcare experienced some share price weakness during Q3. This appears to be more a result of short-term noise and sell-side expectations rather than any significant operational or financial issues.”

7. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Investors: 78

Intuitive Surgical, Inc. (NASDAQ:ISRG) is making waves after posting strong Q3 results and giving updates on its da Vinci 5 surgical robot. During its Q3 earnings call, Intuitive Surgical, Inc. (NASDAQ:ISRG) talked about da Vinci 5:

“As we look to 2024, I’d like to share with you that we have submitted to FDA our 510(k) application for our next generation multiport platform, da Vinci 5. Our design priorities for our new platforms are as follows. First, we look for opportunities to bring better minimally invasive care to more patients. Second, we work to improve the performance of our platforms and existing procedures. Third, we seek to improve care team satisfaction through product utility, dependability, and usability improvements.

And finally, we strive to help lower the total cost to treat per patient episode. Once cleared, we believe da Vinci 5 will make a positive impact on each of these objectives through hundreds of design changes that respond to surgeon and care team inputs and fulfill our design priorities. As just one example, da Vinci 5 possesses four orders of magnitude greater processing power than our Generation 4 products. That means 10,000 times the processing power to gather data, improve sensing, and deliver better digital and analytic performance. Given the sophistication of the technologies involved, we plan a phased launch in the first several quarters after clearance, giving us time to mature our supply and manufacturing processes for the new system.

da Vinci 5 will join our existing robotic surgical system portfolio alongside multiport systems X and Xi and single port system SP, offering surgeons and hospitals their choice of highly capable proven solutions from Intuitive. We have been in communication with FDA on da Vinci 5 for the past several quarters and have completed a comprehensive multi-center IDE trial. This trial finished accruing patients in May of 2023 and we submitted for our 510(k) to FDA for da Vinci 5 in August last year. We are currently responding to FDA’s questions.”

Read the entire earnings call transcript here.

Baron Health Care Fund stated the following regarding Intuitive Surgical, Inc. (NASDAQ:ISRG) in its fourth quarter 2023 investor letter:

“Additional tailwinds to performance came from robotic surgical system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.

Intuitive Surgical, Inc. sells the da Vinci surgical robotic system for minimally invasive surgical procedures. The stock rose on investor speculation that the company could launch a new robotic system in 2024. We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.”

6. T-Mobile Us Inc (NASDAQ:TMUS)

Number of Hedge Fund Investors: 79

Citi added T-Mobile Us Inc (NASDAQ:TMUS) in its list of the best large-cap stocks for 2024. T-Mobile Us Inc (NASDAQ:TMUS) recently posted Q4 results. While GAAP EPS of $1.67 missed estimates, revenue in the period came in at $20.48 billion, beating estimates by $810 million.

ClearBridge Dividend Strategy made the following comment about T-Mobile US, Inc. (NASDAQ:TMUS) in its Q3 2023 investor letter:

“During the quarter we initiated positions in two new names: T-Mobile US, Inc. (NASDAQ:TMUS) and Gilead Sciences. T-Mobile is the best-in-class player in the wireless space, delivering the strongest growth with the lowest cost structure and the best consumer proposition. T-Mobile’s strength is rooted in its advantaged competitive position. Its superior spectrum holdings enable it to provide better wireless service at meaningfully lower cost. T-Mobile’s annual capital expenditures run about $10 billion, on the order of half the amount its peers must spend. Due to its lower cost structure, T-Mobile can undercut its competitors on price while still generating compelling profitability and returns.

This combination — superior service at lower prices — has enabled T-Mobile to outgrow its competition. In the three years since completing its merger with Sprint, T-Mobile has grown its post-paid subscriber base by about 22%. Over the same period, AT&T’s has grown by about 14%, while Verizon’s by less than 5%.

Given the high fixed-cost nature of the wireless business, these steady increases in revenue growth have led to outsize increases in profits and free cash flow. Free cash flow in 2023 is expected to come in around $13.5 billion, up from less than $8 billion last year. In 2024 free cash flow is expected to grow by over 20% to approximately $17 billion — providing a 10% yield based on today’s stock price.

We have long admired T-Mobile, but until recently the stock did not pay a dividend. The company announced its inaugural dividend in September, and we bought the stock shortly thereafter. The initial yield is about 2% and it is expected to grow about 10% per year.”

Click to continue reading and see 5 Best Large-Cap Stocks to Buy in 2024.

Suggested Articles:

Disclosure. None. 15 Best Large-Cap Stocks to Buy in 2024 was initially published on Insider Monkey.

NYSE:DE NYSE:BK NYSE:STZ NYSE:SLB NYSE:ROK Show more...

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up

15 Best Large-Cap Stocks to Buy in 2024

Published on February 19, 2024 at 11:28 am by Fahad Saleem in Hedge Funds, News

Citi Picks Top Large-Cap Stocks for 2024

15. Rockwell Automation Inc (NYSE:ROK)

14. CRH PLC (NYSE:CRH)

13. Constellation Brands, Inc. (NYSE:STZ)

12. Bank of New York Mellon Corp (NYSE:BK)

11. Deere & Co (NYSE:DE)

10. Lockheed Martin Corp (NYSE:LMT)

9. Schlumberger NV (NYSE:SLB)

8. HCA Healthcare Inc (NYSE:HCA)

7. Intuitive Surgical, Inc. (NASDAQ:ISRG)

6. T-Mobile Us Inc (NASDAQ:TMUS)

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Premium

Log In

Sign Up

15 Best Large-Cap Stocks to Buy in 2024

Published on February 19, 2024 at 11:28 am by Fahad Saleem in Hedge Funds, News

Share

Citi Picks Top Large-Cap Stocks for 2024

15. Rockwell Automation Inc (NYSE:ROK)

14. CRH PLC (NYSE:CRH)

13. Constellation Brands, Inc. (NYSE:STZ)

12. Bank of New York Mellon Corp (NYSE:BK)

11. Deere & Co (NYSE:DE)

10. Lockheed Martin Corp (NYSE:LMT)

9. Schlumberger NV (NYSE:SLB)

8. HCA Healthcare Inc (NYSE:HCA)

7. Intuitive Surgical, Inc. (NASDAQ:ISRG)

6. T-Mobile Us Inc (NASDAQ:TMUS)

Share

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff