Get Mike Santoli's Market Memo in your inbox first. SUBSCRIBE HERE The road to bull-market glory does not run through Walmart and Berkshire Hathaway and Eli Lilly. There's been a virtual buying panic in traditionally defensive, high-quality stocks over the past few weeks, a near-equal-and-opposite offset to the selling pressure in semiconductors and AI-build-out spenders. The three stocks above — the only members of the $1 trillion market-cap club not in Big Tech – have collectively added $550 billion in market value in the past month, almost making up for what Alphabet has lost.
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