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Small-cap stocks have seen a resurgence in the market, with Bank of America noting their cheapest prices in 14 months and Wall Street analysts predicting significant potential gains for 12 stocks. The Russell 2000 index has shown significant one-day gains, with a 7.2% increase over two days, despite a recent 1.2% decline. This resurgence is seen as a potential indicator of economic strength and a comeback for small caps if the U.S. economy recovers in late 2024. However, concerns have been raised about the decline in the quality of US small caps, particularly in sectors such as IT, consumer discretionary, and industrials.
$IWM up 1.2%, seeing a lot of quality small caps up 2% or more this morning
small cap investors be like https://t.co/nlchmxWBd2
Small-caps are doing their thing again. Down 1.2% while large-cap indices are modestly higher.
Russell 2K $IWM up another 1.6% this AM, bringing its two-day change up to 7.2%.
The small-cap Russell 2,000 $IWM was so beaten down that a 10%+ bounce off lows and 5.5% one-day gain yesterday still didn't push it into overbought territory. https://t.co/du4vM74TSa
The small-cap Russell 2,000 is up 4.7% at the moment and tracking for its strongest one-day gain since it rose 6.11% just over a year ago on 11/10/22.
Today the Russell 2000 $iwm reached as high as +5%. Historically, such a move in a single day is a rare feat. In the last 20 yrs, the R2000 has made 5%+ in a day only 29 times. That's 0.6% of the time (or 1 in 172)🤯 Highest single day return? 24 Mar 2020, +9.4% #microcaps
Bank of America says small caps are at their cheapest in 14 months. Here are 12 stocks expected to soar by more than 100% to 200%, according to Wall Street's top analysts. https://t.co/BwRMpNAtkj
Is it time to invest in small-cap equities? Small caps tend to be an indicator of economic strength, as most revenue is from their home market. If the U.S. economy recovers in late 2024, small caps will make a comeback. Choosing an individual stock is hard enough as-is.… https://t.co/efTpaEJ1sX https://t.co/QeJ7goYWC2
There has been a broad based decline in the quality of US small caps - as measured by GP/A - from the early 2010s to today. The most impacted sectors include IT, consumer discretionary, and industrials. https://t.co/TtPNVbPU0p
People think investing in small caps is investing in speculative, unprofitable, pre-revenue shitcos
Small-cap stocks haven’t recovered the same way mega-caps have this year, but there are still plentiful success stories in the most volatile area of the market. https://t.co/yVH053H5tR https://t.co/FLIQiGVo4a