Smaller stocks don't steal headlines like their large-cap peers, but they've actually had a better year so far. In January, the small-cap-focused Russell 2000 index beat the Russell 1000 by 3.1 percentage points, which was the largest spread in 12 months, according to Bank of America.
But the Russell 2000's gains last month look modest compared to those of the top 15 small-cap names that strategists at BMO Capital Markets put together. These picks from the Montreal-based firm rose 13% in January while the small-cap index climbed 8.1% when translated to Canadian dollars. Small caps have a history of seeing huge rallies. Last year, the Russell 2000 rose 22.5% from June 16 to August 16, only to give up nearly all of those gains by late September.
And if the Russell 2000 keeps its recent rally going, BMO's small-cap picks will outperform this year as well. Below are the 15 small-cap stocks that BMO Capital Markets recommends most right now, along with the ticker, market capitalization, and price-to-earnings ratio for each. All except one of these stocks rose last month, wrote Brian Belski, the firm's chief investment strategist, in a February 1 note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Groundhog Day WATCH LIVE 2023: Punxsutawney Phil reveals whether 2023 will see early springPunxsutawney Phil will emerge at Gobbler's Knob in Punxsutawney, Pennsylvania, around 6:30 a.m. Thursday to predict whether or not spring will come early this year.
Source: dcexaminer - 🏆 6. / 94 Read more »
Ford entering F1, 2023 Porsche 911 Dakar, 2023 Hyundai Ioniq 6: The Week In ReverseFord announced it's returning to F1, we drove the 2023 Porsche 911 Dakar, and the 2023 Hyundai Ioniq 6 received EPA range ratings. It's the Week in Reverse, right here at Motor Authority. Ford announced it's returning to F1 racing in 2026. A new partnership with Red Bull Racing will see Ford work closely with the team's power unit division, and mark the...
Source: motorauthority - 🏆 61. / 68 Read more »
2023 Fort Worth Stock Show & Rodeo Winding Down, Stays Open Amid StormThe Fort Worth Stock Show and Rodeo remained open throughout the week amid wintry precipitation and icy conditions.
Source: NBCDFW - 🏆 288. / 63 Read more »
Here's what's driving 2023's stock market rallyMarkets have turned downright frisky, as the fear of endless Federal Reserve rate hikes fades. Day late.
Source: axios - 🏆 302. / 63 Read more »
How to watch Groundhog Day 2023 on TV and livestreamFebruary 2 marks Groundhog Day celebrations, where Punxsutawney Phil traditionally predicts whether there will be an early spring or a long winter.
Source: Newsweek - 🏆 468. / 52 Read more »
Fiesta commission unveils poster, names Miss Fiesta 2023On Wednesday, the Fiesta commission held an event to unveil the official poster of 2023. This year's poster was designed by local artist Kathleen Whittle. The poster is filled with symbols of Texas, like the Bluebonnet. It also features things specific to San Antonio like images of Rey Feo. Additionally, the commission announced this year's Miss Fiesta, Jazzlyn Ramirez.
Source: ksatnews - 🏆 442. / 53 Read more »