3 Russell 2000 Stocks to Buy Now: Q3 Edition
On July 16, CNBC reported, “Small-cap stocks are on a tear right now.” The financial news channel’s website noted that, during the preceding week, the category became the market leader, at least temporarily. Indeed, the Russell 2000 index, made up of small-cap names, hit its highest level since January 2022 on July 16. With most on the Street betting that the Federal Reserve will start an interest rate-cutting cycle in September, many large investors are anxious to get more exposure to small-cap stocks. That’s because those names, due to the fact that many lose money and have high debt loads, are seen as among the biggest beneficiaries of lower rates. Also importantly, Joshua Brown, the CEO of Ritholtz Wealth Management and a CNBC commentator, recently said on the channel that the rally of small-cap stocks could last a month. But since the rate-cut cycle will likely last many months and a high percentage of small-cap names have been beaten down tremendously, I think the surge could easily last until the end of this year. With that said, here are three Russell 2000 stocks to buy now.
https://investorplace.com/2024/07/3-russell-2000-stocks-to-buy-now-q3-edition/