• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Small Caps Join The Party — Here’s a Top Stock to Consider
Stock

Small Caps Join The Party — Here’s a Top Stock to Consider

by March 2, 2024
by March 2, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

Daily Chart of Russell 2000 Small Cap Index (IWM)

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.

Gains in AI-related stocks have also contributed, led by Super Micro Computer (SMCI), which has exploded over the last 2 months. Below is the chart of another noteworthy small-cap tech company – CommVault Systems (CVLT).

Daily Chart of CommVault Systems (CVLT)

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 29% over last year. CVLT gapped up in price in response, and its four-week period of consolidation has allowed the stock to set up for another leg up.

Small-cap stocks are inherently more volatile, however, so I’d 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  money, which can help lead to outsized gains. In 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.

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 these upward-trending markets.

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 to access a four-week trial at a nominal fee. You’ll also have immediate access to prior reports that explain why these winning stocks are trading higher and how to uncover precise buy points.

Warmly,

Mary Ellen McGonagle

MEM Investment Research

You Might Also Like
  • GNG TV: Rotation into Industrials, New “Go” Trend
  • Jesse Livermore on Mistakes & Rising From the Ashes
  • Is This the Confidence Trap That Could Wreck Your Retirement Portfolio?
  • The Stock Market in 2023 is Like Picasso’s Cubist Period
Share
0
FacebookTwitterPinterestWhatsapp

previous post
How I Found SMCI BEFORE the Stock Gained Over 205% (in 3 Simple Steps!)
next post
Nikki Haley gains endorsements from moderate GOP senators amid uphill primary battle

You may also like

Overbought until it Turns – Using the McClellan Oscillator for...

April 14, 2023

How RRG Helps To Find Two Pair Trading Opportunities

November 24, 2023

The Ord Oracle August 15, 2023

August 16, 2023

How the S&P 500 Reaches 6500 By March 2025

January 18, 2025

Market Stumbles Near The Edge of a CLIFF

June 18, 2024

Will Shutterstock Buck the Bear Trend?

February 8, 2023

Add Happiness To Your Portfolio With a Sprinkle of Disney...

January 5, 2024

S&P 500 Pushing All-Time Highs? Strong Trends Getting Stronger

July 18, 2023

Ready, Set, COVER! Breakouts Are A Short Seller’s Worst Enemy

January 28, 2023

It all Started with a Big Bang!

September 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,766 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,433 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    MEM TV: Wait For This Before...

    April 26, 2024

    MEM TV: How to Tell When...

    September 27, 2023

    Mag 7 Stocks in the Spotlight...

    August 15, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here