Small Caps Offer Big Potential in 24′

From Nasdaq:

The best performing stocks on Wall Street in 2023 were tech heavy stocks on the Nasdaq 100 Index. However, investors are now looking at historical data and trends to consider exploring other market areas, such as small-cap stocks for 2024.

The Russell 200 Index marked its longest drought ever without hitting fresh 52-week highs. This may signal a potential reversion to the mean trade, according to historical data.

After remarkably strong gains in 2023, the Russell 2000 is reaching a high reward-to-risk technical zone offering potential for a good stock trade.

Market participants are anticipating six interest rate cuts in 2024, which could favor small-cap stocks, offering them lower borrowing costs and improved profit margins.

Zacks Investment Research is offering a Top 10 stocks for 2024, identified through a painstakingly successful process.

For the latest stock recommendations from Zacks, head to the website. Additionally, updates on individual stocks discussed in the article can also be found on Zacks.com.



Read more: Small Caps Offer Big Potential in 24′