Large Cap and Mega Cap Stocks

Large caps are typically defined as companies with market caps that are $10 billion or higher. Mega caps, part of Large Cap, are defined as companies with market caps of $200 billion or more (e.g. Apple, Microsoft, Exxon, Walmart..). These tend to be companies that are very stable and dominate their industry. Large Cap and Mega Cap stock companies tend to be less volatile and hence less risky compared to Mid Cap and Small Cap stock companies.
Large Cap and Mega Cap companies compared to Small Cap stocks tend to perform better in recessions however they tend to underperform when the economy emerges from a recession.