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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAltschuler: Vocational training is key to revitalizing American manufacturing. Randy Altschuler, CEO and co-founder of Xometry, discusses the significant investments in artificial intelligence (AI) by manufacturing companies. He highlights that three out of four manufacturing companies are heavily investing in AI, which is reshaping the industry, especially with the potential increase in tariffs.
Persons: Randy Altschuler, Xometry
Small-cap stocks may be poised for a comeback this year, according to a strategist at Goldman Sachs Asset Management. James Ashley, head of international market strategy at GSAM, told CNBC's "Squawk Box Europe" Monday that small caps offer "great opportunities" for those looking to capitalize in the current economic climate. According to GSAM's research, historically, small caps have delivered when inflation is high but falling, a phenomenon known as disinflation. While there are attractive options in other markets, Ashley said small caps were unique in the current environment with "some great opportunities there." He added that exposure to small caps would offer access to secular growth usually not found elsewhere – especially given that valuations are currently near historic lows.
With recession fears mounting for 2023, Bank of America has small-cap picks it expects will be resilient in a downturn — and even have some upside. Given this, Bank of America picked out 35 of its best small- and mid-cap ideas for 2023, including one e-commerce stock called Xometry that's expected to roughly double from here. These names could rise 24% on average, based on their 12-month price targets, according to the note. Xometry , an online marketplace for industrial parts, will roughly double to its $60 price target, according to Bank of America. Meanwhile, Planet Fitness will benefit in a recession, as consumers trade down from higher-priced gyms, the bank said.
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