2 Reasons Why Small-Cap Stocks Could Explode Higher in 2024
Small-cap stocks could explode higher in 2024 for two reasons. First, small-cap stocks are cheap overall and could move higher to more normal valuations. Second, market conditions in 2024 could actually help make such a move happen.
Let's break this down to fully appreciate what's going on here.
A small-cap stock is generally defined as a company with a market capitalization below $2 billion. These can be businesses from any industry, they're just smaller than many of the household names most investors are familiar with.
Source Fool.com
