Investor who almost doubled the return of her index says these three midcap stocks are ripe for the economic recovery

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Qulity Score:
  • News: 35%
  • Publisher: 97%

There's a crowding of money in large-cap stocks, especially growth stocks. Diversifying into smaller companies might cut risks and show ripe opportunities at the right time. You can do this with mid-cap stocks, Philip van Doorn writes:

United States Headlines News

United States Latest News, United States Headlines

At this stage of the bull market, there’s been a crowding of money in large-cap stocks, especially growth stocks.

The Alger Mid-Cap Focus Fund generally holds about 50 stocks. Zhang also manages the Alger Mid-Cap 40 ETF FRTY, +0.08%, which was established in February and follows a similar strategy, but typically holds 40 stocks.During an interview, Zhang called midcaps “the best of both worlds,” because there are good values to be found off the beaten path, and because there are also growth plays.

At the end of September, the fund was “overweight in financials and industrials,” compared to its benchmark index, she said. Upstart Holdings Upstart Holdings Inc. UPST, -4.21% has developed a cloud-based lending platform for banks that makes use of artificial intelligence. The service began with a streamlined platform for unsecured consumer loans, including application, underwriting and servicing. The company added a similar service for auto loans during 2020. The service is cloud-based; the company said that during 2020, over half of customers who obtained loans through Upstart had applied using their mobile phones.

Signature Bank Signature Bank SBNY, -3.79% of New York is a rapidly growing regional player in an industry that most investors don’t associate with growth. That expected 19.3% revenue CAGR from 2021 through 2023 is the highest among the 24 banks in the KBW Bank Index BKX, +0.87%. Herc Holdings Herc Holdings Inc. HRI, -2.10% leases heavy equipment through subsidiaries, including Herc Rentals. It operates through more than 270 locations in North America. The company was spun off by the old Hertz Holdings in June 2016.

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amy Robach pays tribute to daughter Ava following impressive achievementGood Morning America star Amy Robach took to Instagram to pay tribute to her daughter Ava following some exciting news
Source: hellomag - 🏆 24. / 68 Read more »

Sen. Amy Klobuchar, CEOs of Snap, Instacart and Substack Headline Second Day of WSJ Tech LiveThe Wall Street Journal’s hybrid Tech Live conference continues for a second day with top executives and regulators set to discuss privacy, big tech regulation and changes in the entertainment industry. sudah dapat kabar baiknya.... jadi kalau kemarin salah-salah bicara.... harap maklum....
Source: WSJ - 🏆 98. / 63 Read more »

Global Investors Gain a New Way to Bet on Stocks in ChinaHong Kong started trading in futures tied to an index of stocks from mainland China, giving global investors a new tool for betting on Chinese markets There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done Short
Source: WSJ - 🏆 98. / 63 Read more »

Italy's president criticizes violent COVID-19 pass protestsItaly’s president on Monday strongly criticized the violence that has erupted amid protests over the country's new coronavirus workplace health pass requirement, saying it appeared aimed at jeopardizing Italy’s economic recovery. President Sergio Mattarella spoke out as riot police again clashed with protesters at the port in the northern city of Trieste, at times using water canons to push them back. The protesters, who have included right-wing agitators in previous episodes, oppose Italy's Green Pass requirement.
Source: YahooNews - 🏆 380. / 59 Read more »

Sharks' Evander Kane Suspended 21 Games for Fake Covid Vaccination CardThe NHL has suspended San Jose Sharks' Evander Kane 21 games over a fake Covid-19 vaccination card They should have suspended him for the season! Idiot
Source: RollingStone - 🏆 483. / 51 Read more »

Japan stocks set for higher start as investors watch Apple supplier shares in AsiaThe Reserve Bank of Australia is set to release minutes from its October monetary policy meeting minutes on Tuesday morning. this is terrible news
Source: CNBC - 🏆 12. / 72 Read more »