3 Mid-Cap Stocks That Deserve a Place in Your Portfolio -Breaking
The stock market has been bullish recently due to a solid start for the third quarter earnings season. The expected passage in Congress of infrastructure bills has further supported investor sentiment. This, together with the continued low-interest rate environment, makes the background favorable for midcap stocks. Therefore, fundamentally sound mid-cap stocks of Compañía Cervecerías Unidas (CCU), Piper Sandler (PIPR), and Newmark Group These could be good investments now. Continue reading. October was the most profitable month ever for investors. The S&P 500 rose 6.9% for the month, registering its best gain since November last year, owing to impressive third-quarter earnings reports from several companies. Bullish sentiment has been aided by the expected passage of the $1.75 trillion bill for human infrastructure and the $1 trillion bill for traditional infrastructure spending.
Mid-cap stocks perform best when there is growth potential in the economy, low interest rates, and the stock markets show bullish tendencies. Investors’ interest in mid-cap stocks is evident in the SPDR S&P MIDCAP 400 ETF Trust’s (MDY) 47% returns over the past year versus the broader SPDR S&P 500 ETF Trust’s (SPY) 40.6% gains.
Given this backdrop, we think it could be wise to add fundamentally sound mid-cap stocks Compañía Cervecerías Unidas S.A. (CCU), Piper Sandler Companies (PIPR), and Newmark Group, Inc. (NMRK) to one’s portfolio.
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