Street Analysis

We live in a strange world, really, these days.

Stock market keeps hitting new highs – without any real substance and all nothing but the hype, now aided by extreme manipulation and excess liquidity.

The numbers are speaking for themselves, finally. If we care to look deeper. The ‘supposed’ king of the stock market, Nvidia (NVDA), that hit the $5 trillion market cap back in October 2025 with the intraday high of $212.21 struggled for almost 6 months to make a new high and finally it did just last week by hitting a new intraday high of $216.83 – a whopping $5 increase, a meager 2%.

So much for capex tied to artificial intelligence (AI) that will earn outrageous rate of return on all of the insane amount of AI spendings. This is only the beginning. Calling Nvidia a “meek” king of the stock market at the highest market cap is certainly quite fitting!

So is the ‘toothless’ rally led by the ‘meek’ kings of the stock market, i.e. ‘top stocks’. To be more precise, now about 5 of the top 10 or a trillion- dollar market cap club have reached new highs recently where the other 5 remain well entrenched either in the bear market or in correction territory.

Out of 128 top stocks sporting over $100 billion market cap, well over 50% or 71 stocks are down in excess of 10%. So much for the bull market. See the list below.

Company name	Sector	Ticker	Mktcap	Price	Down%
Intuit Inc.	45 – Information Technology	INTU	111328	399.03	51
Oracle Corporation	45 – Information Technology	ORCL	493839	171.83	50
Accenture plc	45 – Information Technology	ACN	110954	179.83	45
Spotify Technology S.A.	50 – Communication Services	SPOT	104723	441.51	44
Adobe Inc.	45 – Information Technology	ADBE	102841	250.71	41
Salesforce, Inc.	45 – Information Technology	CRM	171872	183.82	38
AppLovin Corporation	45 – Information Technology	APP	155553	460.00	38
Abbott Laboratories	35 – Health Care	ABT	155882	89.46	36
Tamboran Resources Corporation	10 – Energy	TBN	143750	35.89	31
Netflix, Inc.	50 – Communication Services	NFLX	388750	92.06	31
The Progressive Corporation	40 – Financials	PGR	116855	199.31	31
Palantir Technologies Inc.	45 – Information Technology	PLTR	343881	144.07	31
Shopify Inc.	45 – Information Technology	SHOP	166294	127.67	30
International Business Machines Corp.	45 – Information Technology	IBM	217928	232.20	29
Danaher Corporation	35 – Health Care	DHR	123989	175.15	28
Booking Holdings Inc.	25 – Consumer Discretionary	BKNG	134008	169.63	27
Stryker Corporation	35 – Health Care	SYK	112734	294.73	27
Thermo Fisher Scientific Inc.	35 – Health Care	TMO	176423	469.21	27
Capital One Financial Corporation	40 – Financials	COF	121114	191.91	26
Lockheed Martin Corporation	20 – Industrials	LMT	117886	512.77	26
S&P Global Inc.	40 – Financials	SPGI	126668	426.06	26
Uber Technologies, Inc.	20 – Industrials	UBER	155760	75.12	26
T-Mobile US, Inc.	50 – Communication Services	TMUS	215700	196.06	25
Microsoft Corporation	45 – Information Technology	MSFT	3075812	414.20	25
Medtronic plc	35 – Health Care	MDT	102608	80.00	25
Meta Platforms, Inc.	50 – Communication Services	META	1537081	608.75	24
Southern Copper Corporation	15 – Materials	SCCO	144703	171.18	24
The Home Depot, Inc.	25 – Consumer Discretionary	HD	321613	323.88	24
Intuitive Surgical, Inc.	35 – Health Care	ISRG	162466	457.78	24
Tesla, Inc.	25 – Consumer Discretionary	TSLA	1263912	390.82	22
Lowe’s Companies, Inc.	25 – Consumer Discretionary	LOW	130665	233.33	20
CrowdStrike Holdings, Inc.	45 – Information Technology	CRWD	115079	455.64	20
Palo Alto Networks, Inc.	45 – Information Technology	PANW	127487	181.09	19
McKesson Corporation	35 – Health Care	MCK	100287	814.02	19
Newmont Corporation	15 – Materials	NEM	117853	108.62	19
RTX Corporation	20 – Industrials	RTX	234539	173.99	19
Mastercard Incorporated	40 – Financials	MA	444428	495.46	18
General Electric Company	20 – Industrials	GE	299689	286.51	18
American Express Company	40 – Financials	AXP	218981	319.68	17
The Walt Disney Company	50 – Communication Services	DIS	184101	103.08	17
Vertex Pharmaceuticals Incorporated	35 – Health Care	VRTX	107633	423.92	17
Wells Fargo & Company	40 – Financials	WFC	248895	80.81	17
AbbVie Inc.	35 – Health Care	ABBV	366508	206.60	16
Amgen Inc.	35 – Health Care	AMGN	177773	329.82	16
Gilead Sciences, Inc.	35 – Health Care	GILD	163509	131.65	16
McDonald’s Corporation	25 – Consumer Discretionary	MCD	204718	286.64	16
Amphenol Corporation	45 – Information Technology	APH	174403	142.30	15
Eli Lilly and Company	35 – Health Care	LLY	865072	963.33	15
Parker-Hannifin Corporation	20 – Industrials	PH	111337	882.23	15
The Charles Schwab Corporation	40 – Financials	SCHW	162209	91.54	15
Deere & Company	20 – Industrials	DE	156033	577.26	14
Honeywell International Inc.	20 – Industrials	HON	134874	212.50	14
The Procter & Gamble Company	30 – Consumer Staples	PG	342895	147.26	14
QUALCOMM Incorporated	45 – Information Technology	QCOM	188719	177.04	14
BlackRock, Inc.	40 – Financials	BLK	164667	1061.68	13
AstraZeneca PLC	35 – Health Care	AZN	286162	184.74	13
Berkshire Hathaway Inc.	40 – Financials	BRK.A	1021553	710300.00	13
Exxon Mobil Corporation	10 – Energy	XOM	649038	152.75	13
Philip Morris International Inc.	30 – Consumer Staples	PM	259220	166.38	13
Visa Inc.	40 – Financials	V	622810	328.03	13
AT&T Inc.	50 – Communication Services	T	183284	26.12	12
Corning Incorporated	45 – Information Technology	GLW	135471	158.26	12
CME Group Inc.	40 – Financials	CME	104037	289.54	12
The Boeing Company	20 – Industrials	BA	179175	227.38	11
Chevron Corporation	10 – Energy	CVX	379439	190.63	11
KLA Corporation	45 – Information Technology	KLAC	226620	1726.26	11
UBS Group AG	40 – Financials	UBS	135132	43.69	11
GE Vernova Inc.	20 – Industrials	GEV	285934	1062.95	10
Johnson & Johnson	35 – Health Care	JNJ	547233	227.19	10
Merck & Co., Inc.	35 – Health Care	MRK	279054	112.16	10
UnitedHealth Group Incorporated	35 – Health Care	UNH	335590	368.78	10

Clearly, some of these downtrodden stocks can be a great value picks as they may rebound very well over the course of next 12 to 24 months. However, some of them can become ‘value traps’ as well just as is often the case for the value stocks.

The other king, need we speak much about it? It is now official as the ‘king’ himself put out a picture of two kings side by side – a “real” king of United Kingdom alongside “delusional king” of United States on his social media platform.