1 Russell 2000 Growth Stock to Buy During the Market Sell-Off
The Russell 2000 index features approximately 2,000 of America's smallest publicly listed companies. It delivered a strong gain of 10% in July, handily outperforming the S&P 500 index, which traded flat for the month.
Investors are anticipating up to three interest rate cuts from the U.S. Federal Reserve before the end of 2024, which could benefit small companies because they tend to rely on debt financing to fuel their growth more than their large-cap peers.
However, every major U.S. market index -- including the Russell 2000 and the S&P 500 -- is in the throes of a sell-off in August. That could spell an opportunity for long-term investors to buy quality stocks at a discount. Here's why small-cap cybersecurity powerhouse Tenable (NASDAQ: TENB) is one to consider.
Source Fool.com
