In this article, we will discuss the Top 10 Large Cap Value Stocks to Buy Now.
On June 9, Tom Lee, Fundstrat Managing Partner, appeared on CNBC’s ‘Power Lunch’ to discuss the latest market action. Analyzing the sharp differences in market performance between the previous Friday and the current day, Lee explained that investors have been worried about the air gap because many stocks moved upward very quickly, leading to three specific jitters emerging last week: concerns regarding the strength of the AI trade following guidance from Broadcom; the realization that the public is being asked to fund a massive amount of equity (including $80 billion from Google, $75 billion from SpaceX, $100 billion from OpenAI, $75 billion from Anthropic), and a filing from Meta; and geopolitical tensions, specifically nervousness regarding potential conflict in Iran over the weekend. Despite these pullbacks, Lee maintains that the bull market is in very good shape and remains intact
Regarding the broader stock market, while some Mag 7 stocks are down and the Dow is slightly lower, the Nasdaq 100 remains up 2%, and the averages have recovered. Discussing whether the market ending the day lower after a morning boom would change his outlook, Lee explained that markets will face tension until June 12th because a large group of his institutional investor clients believe that the SpaceX IPO will mark the market top, leading them to take profits and act cautiously. Lee contends that these concerns are misplaced, arguing that history shows big IPOs do not necessarily mark the market top. He pointed out that there is still $7 trillion in cash on the sidelines and that the book for the IPO is already filled by high-net-worth clients. Consequently, he believes that the market will not only absorb the IPO well but will also perform well post-IPO.
Our Methodology
We used screeners to identify stocks with market caps between $10 billion and $200 billion that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on June 8.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Top 10 Large Cap Value Stocks to Buy Now
10. Banco Santander (NYSE:SAN)
Number of Hedge Fund Holders: 25
Banco Santander (NYSE:SAN) is one of the top large cap value stocks to buy now. On May 5, Banco Santander and Uber announced a strategic partnership to launch a financing platform of up to €1 billion designed to support Uber’s major fleet operators across Europe. This three-year funding initiative aims to provide professional operators in key markets, including Spain, Germany, and Italy, with the flexible capital needed to scale their businesses and modernize their fleets.
The program is tailored to the specific financial requirements of fleet operators, helping them optimize performance and maintain service reliability for riders. Beyond immediate growth, the collaboration is intended to lay a stronger foundation for Uber’s long-term objectives, including the future integration of autonomous vehicle technology and broader urban mobility expansion.
Santander Executive Chair Ana Botín highlighted the bank’s role in supporting service quality and scalability. At the same time, Uber CEO Dara Khosrowshahi noted that the platform will enable partners to upgrade vehicles and operate more efficiently. The financing will be deployed gradually based on market demand, risk analysis, and the ongoing onboarding of high-quality fleet partners.
Banco Santander (NYSE:SAN) is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the UK, Latin America, and the US.
9. TotalEnergies (NYSE:TTE)
Number of Hedge Fund Holders: 30
TotalEnergies (NYSE:TTE) is one of the top large cap value stocks to buy now. On May 12, TotalEnergies, in partnership with QatarEnergy and ConocoPhillips, signed an MoU with the Syrian Petroleum Company to explore Block 3 offshore in the Mediterranean Sea. The agreement initiates a technical review of the area and establishes a formal framework for future technical and commercial discussions regarding potential exploration activities.
Julien Pouget, Senior Vice President for the Middle East and North Africa at TotalEnergies, expressed satisfaction at renewing the partnership with the Syrian Petroleum Company, citing their long-standing collaboration from 1988 to 2011. The company plans to work closely with its partners to evaluate the potential for offshore exploration within the region.
This move aligns with TotalEnergies’ (NYSE:TTE) global strategy as an integrated energy company focused on producing and marketing a diverse range of energy sources. Operating in ~120 countries, the firm continues to prioritize sustainability across its projects while seeking to provide reliable and affordable energy solutions worldwide.
TotalEnergies (NYSE:TTE) is a global multi-energy company that produces and markets oil, biofuels, natural gas, renewables, and electricity.
