These Five Small-Cap Stocks Under The Radar Are Expected To Surge, Says Stock Researcher
Portfolio Pulse from Bibhu Pattnaik
Ethan Meyers of Westfield Capital Management, known for his successful investment picks for the Harbor Small Cap Growth Fund, sees potential in small-cap stocks despite the market's focus on large-cap growth stocks like Amazon, Apple, and Microsoft. He highlights a valuation gap, suggesting an opportunity for mean reversion that could benefit smaller companies. Meyers recommends five small-cap stocks: Ascendis Pharma, Comfort Systems, ITT Inc., Meritage Homes, and M/I Homes, each with unique growth prospects.
March 03, 2024 | 7:57 pm
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POSITIVE IMPACT
Ascendis Pharma is highlighted for its innovative drug development platform, with Meyers anticipating significant sales and earnings growth by 2030.
Meyers' endorsement and the anticipation of blockbuster sales and earnings growth by 2030 suggest a strong potential for Ascendis Pharma's stock to rise in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Comfort Systems is poised to benefit from onshoring and nearshoring trends, with a strong growth trajectory and balance sheet.
The company's positioning to benefit from onshoring and nearshoring trends, coupled with its growth and strong balance sheet, make it a likely candidate for stock price appreciation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
ITT Inc. is recognized for its high returns on invested capital and steady performance, making it a solid investment choice.
Given its high returns on invested capital and steady performance, ITT Inc. is positioned for potential stock price growth, especially with Meyers' backing.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
M/I Homes is highlighted for its strategic positioning in regions with solid population growth and focus on affordability.
M/I Homes' strategic focus on affordability and regions with solid population growth positions it well for stock price appreciation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Meritage Homes is expected to capitalize on new construction trends, driven by demographic shifts and a focus on desirable geographies.
The company's strategic positioning to capitalize on demographic shifts and a focus on desirable geographies suggests a positive outlook for its stock.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85