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U.S. retail sales unexpectedly rose 0.6% in June, and several financial companies reported strong earnings earlier this month. However, concerns surrounding the spread of the highly contagious COVID-19 Delta variant, high inflation, and a decline in consumer sentiment have been raising questions about the stock market’s stability. Against this backdrop, we think it could be wise to invest in mega-cap stocks because of their impressive market dominance and solid long-term growth prospects. So, both AMZN and AAPL are good bets to generate steady returns over the long term.
AAPL has gained 12.5% over the past month, while AMZN returned 4.6%. Also, AAPL’s 23% gain over the past nine months is significantly higher than AMZN’s 9.2% returns. Furthermore, in terms of their past years’ performance, AAPL is the clear winner with 51.7% gains versus AMZN’s 19.1% returns.
