5 Small-Cap ETFs Hover Around an All-Time High: Here's Why
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: NASDAQ.COM
Small-Cap Stocks Performance: Small-cap stocks, represented by the Russell 2000 Index, have underperformed compared to larger indices this year, with a 13.6% increase versus higher gains in the S&P 500 and other major indices. However, some small-cap ETFs are showing promising growth, indicating potential for recovery.
Economic Indicators and Market Outlook: The U.S. economy grew at an annualized rate of 3% in Q2, exceeding expectations, which is favorable for small-cap stocks due to their domestic focus. Additionally, recent job gains and a Federal Reserve interest rate cut may further support small-cap performance amidst geopolitical tensions that have less impact on these stocks.
Analyst Views on XSHQ
Wall Street analysts forecast XSHQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XSHQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
