Likely Small-Cap Sector ETF Winners In Light of Q2 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 19 2024
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Source: NASDAQ.COM
Small-Cap Stocks Performance: Small-cap stocks have recently rebounded after a year of underperformance, with the SPDR Portfolio S&P 600 Small Cap ETF gaining 9.5% as discussions of potential Fed rate cuts emerge, contrasting with the S&P 500's 24.6% gains.
Earnings Outlook for Small-Caps: While small-cap earnings are expected to decline by 2.9% in Q2 despite a revenue increase, specific sectors like Finance, Consumer Staples, and Construction show promising growth rates, indicating an overall improvement in the small-cap earnings landscape.
Analyst Views on PSCC
Wall Street analysts forecast PSCC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSCC 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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Current: 32.991
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Current: 32.991
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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.
