Kalkine Media explores 3 US large-cap stocks to watch in Q1 2023

The large-cap stocks in the US took a beating in 2022 only to salvage some damage in the later part of the year. As stocks continued to plummet throughout the year, investors ran for shelter and waited for the tumult on Wall Street to settle.

So, will the fate change for the large-cap stocks in 2023? How are investors for the impending recession predicted early this year?

Amid all this, we look at three US large-cap stocks and explore the latest developments:

Advanced Micro Devices Inc. (NASDAQ: AMD)

Advanced Micro Devices is a US multinational semiconductor company headquartered in Santa Clara, California. The computer processors manufacturer has a market cap of US$ 112.38 billion.

The company repurchased shares worth US$ 617 million of its common stock in Q3 2022. It reported cash, cash equivalents, and short-term investments of US$ 5.6 billion at the end of the reported quarter.

Advanced Micro Devices said that its data center revenue was US$ 1.6 billion in the third quarter of 2022, a 45 per cent jump YoY.

Its revenue from the gaming segment was US$ 1.6 billion, an increase of 14 per cent YoY, propelled by higher semi-custom product sales.

Advanced Micro Devices recently declared the Ryzen 7020 Series processors for mobile applications. It will provide high-end performance and battery life to everyday users.

Airbnb, Inc. is a US company that operates an online space for homestays and experiences across the globe. The company takes a commission from every booking and acts as a broker.

In its Q3 2022 results, Airbnb completed nearly 100 million Nights and Experiences bookings, which was up 25 percent YoY. Its gross booking value in the quarter of US$ 15.6 was up 31 percent YoY. The revenue of the company surged 29 per cent YoY in the third quarter of 2022.

Their net income of US$ 1.2 billion in the third quarter was a 46 per cent growth from the past year. It grew by US$380 million compared to Q3 2021.

Airbnb’s adjusted EBITDA in Q3 2022 soared 32 per cent to US$ 1.5 billion compared to US$ 1.1 billion in Q3 2021.

The guest demand remained elevated in the third quarter of 20222, the company mentioned. The host community in the platform also saw a spurt in the reported quarter.

Air Products and Chemicals Inc. (NYSE: APD)

Air Products and Chemicals, Inc. is a US MNC whose core business is selling gases and chemicals for industrial uses. Based in Allentown, Pennsylvania, Air Products and Chemicals holds a dividend yield of 2.072 per cent. The company paid a quarterly dividend of 1.62 per share, which is next payable on February 13, 2023.

The company raised its sustainability commitment to US$ 15 billion for capital investments in low-carbon hydrogen projects through 2027.

In the fourth quarter of 2022, Air Products and Chemicals announced a multi-billion project in California in a bid to supply sustainable aviation fuel to World Energy signing a long-term on-site agreement.

The Q4 2022 sales of Air Products and Chemicals in America were US$ 1,542 million, sales in Asia were US$ 860.3 million, sales in Europe were US$ 863.7 million, and sales in the Middle East and India were US$ 41.5 million.

Bottom line:

You can protect your portfolio during this market volatility by taking the long-term route and diversification strategy. Do a thorough analysis of the stock before putting your bets on it.

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