2023 was the year of large-cap stocks, but 2024 may go down as the year small caps made their comeback.
Small stocks, big possibilitiesEarlier this year, Bank of America’s head of US small & mid-cap strategy Jill Carey Hall outlined her take on so-called “SMID-cap” stocks in 2024.
Her argument is simple: small-cap stocks are cheap, particularly value stocks, and they’re well-positioned to capitalize on market trends this year.
Therefore, while small-cap stocks seem substantially cheaper than their large-cap counterparts, careful asset selection is needed, and we think it’s important to focus on quality.”10 best undervalued small-cap stocks to buyThere’s clearly an opportunity to be had in small-cap value stocks, though that opportunity still comes with its own risks.
She recently compiled advice from Morningstar analysts into a list of the 10 best small-cap stocks to buy.
Persons:
Jill Carey Hall, “, ” Carey, ”, Dave Sekara, Wharton, Jeremey Siegel, I'm, ” Siegel, there’s, Sekara, Morningstar, Tyler Dann, Susan Dziubinski
Organizations:
Meta, Nvidia, Business, Bank of, ” Morningstar, CNBC, Morningstar