Palantir has one of the the clearest opportunities to become a megacap company. Alphabet's stock, meanwhile, has been beaten down due to investors' worries that its search business is being disrupted. Alphabet owns a strong collection of leading and emerging businesses beyond its lucrative search segment.
Nvidia's China business has become a question mark, but now it could get even stronger. Productive and potentially meaningful trade talks over the weekend have investors more bullish on Nvidia. Increasing cooperation between the U.S. and China should be a net positive for the chipmaker in the long run.
Railroad stocks got a boost from news of a trade deal, raising investor hopes that there will not be a prolonged slowdown in imports. Investors should be cautious about buying into this rally, as it could take time for volumes to recover. Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.