Previous close | 1.8400 |
Open | 1.8400 |
Bid | 1.4500 |
Ask | 1.6000 |
Strike | 1,680.00 |
Expiry date | 2024-07-19 |
Day's range | 1.8400 - 1.8400 |
Contract range | N/A |
Volume | |
Open interest | 6 |
Small-cap stocks (^RUT) are still trailing the S&P 500 (^GSPC) year to date, but some on Wall Street see potential for a rebound. Villere & Co Partner and Portfolio Manager Sandy Villere joins the Morning Brief to share small-cap names to watch. Villere highlights that small-caps are under-owned, at only 4% of the broader market. While the S&P 500 is trading at a 20% percent premium, Villere says small-caps are at a 20% discount. These factors, combined with rate cut hopes, are catalysts for the small-cap sector. Trading is crowded in names like Microsoft (MSFT), Apple (AAPL), and Nvidia (NVDA), the strategist says. It's why he gravitates toward the "empty rooms." He notes that Ligand Pharmaceuticals (LGND) has plenty of growth opportunities within small-caps, as do smaller names with a little bit of leverage, such as Caesars (CZR). He also emphasizes that regional banks are small-caps worth watching. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy
Stock Market Today: The Dow Jones fell Friday on the jobs report. GME stock plunged ahead of the "Roaring Kitty" live event.
Smart Beta ETF report for RZV