{"id":1685,"date":"2024-03-02T12:03:39","date_gmt":"2024-03-02T12:03:39","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/02\/small-caps-join-the-party-heres-a-top-stock-to-consider\/"},"modified":"2024-03-02T12:03:39","modified_gmt":"2024-03-02T12:03:39","slug":"small-caps-join-the-party-heres-a-top-stock-to-consider","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/02\/small-caps-join-the-party-heres-a-top-stock-to-consider\/","title":{"rendered":"Small Caps Join The Party \u2014 Here\u2019s a Top Stock to Consider"},"content":{"rendered":"
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The S&P 500 and the NASDAQ both reached an all-time high today boosted by a Tech-fueled rally amid AI-related names. Small-cap stocks also had a bullish day after posting a two-month base breakout to near-term highs. This index has had a tough period recently, as nearly 15% of its stocks are in the Regional Bank group, which is down 9.5% year-to-date. Relatively high interest rates have also hurt, amid higher borrowing costs which lowered the growth outlooks for many of these smaller companies.<\/p>\n

Daily Chart of Russell 2000 Small Cap Index (IWM)<\/span><\/p>\n

Renewed interest in Biotech stocks is one reason for the recent rally in the Russell 2000 Index. This group accounts for 25% of this index, and positive clinical trials, coupled with the anticipation of more mergers of Biotechs with Large Cap Pharmas, has fueled the interest.<\/p>\n

Gains in AI-related stocks have also contributed, led by Super Micro Computer (SMCI), which has exploded over the last 2 months.\u00a0Below is the chart of another noteworthy small-cap tech company \u2013 CommVault Systems (CVLT).<\/p>\n

Daily Chart of CommVault Systems (CVLT)<\/span><\/p>\n

The provider of data protection systems, which helps companies recover from cyber attacks, posted one of their best quarterly results ever in late January after seeing subscription revenue gain\u00a029% over last year.\u00a0CVLT gapped up in price in response, and its four-week period of consolidation has allowed the stock to set up for another leg up.<\/p>\n

Small-cap stocks are inherently more volatile, however, so I\u2019d suggest keeping a close eye on the RSI for any hints of more than just a small pullback. With my work, I tend to stick to larger-cap names that can attract institutional\u00a0 money, which can help lead to outsized gains.\u00a0In fact, my MEM Edge Report identified 4 of the top 5 year-to-date winners in the S&P 500. In addition to adding them to my Suggested Holdings List in November, subscribers were alerted to precise buy points on any pullbacks.<\/p>\n

These four outperformers have gains ranging from 34% to 66% over the past 2 months, and they are a part of the twenty other cultivated stocks from my report that are poised to continue to outperform\u00a0these upward-trending markets.<\/p>\n

My twice-weekly MEM Edge Report also provides in-depth information regarding sector rotation and broader market trends. Be sure and use this link here<\/a> to access a four-week trial at a nominal fee. You\u2019ll also have immediate access to prior reports that explain why these winning stocks are trading higher and how to uncover precise buy points.<\/span><\/p>\n

Warmly,<\/p>\n

Mary Ellen McGonagle<\/p>\n

MEM Investment Research<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 and the NASDAQ both reached an all-time high today boosted by a Tech-fueled rally amid AI-related names. Small-cap stocks also had a bullish day after posting a two-month base breakout to near-term highs. This index has had a tough period recently, as nearly 15% of its stocks are in the Regional Bank […]<\/p>\n","protected":false},"author":0,"featured_media":1686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1685"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1686"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}