menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Forbes Daily: These Small-Cap Stocks Are Making A Comeback In 2024

4 1
18.11.2024

Good morning,

The rising price of eggs became a focal point for Americans amid high inflation. But one of the fastest-growing small cap companies in the U.S. is Vital Farms, which sells some of the most expensive eggs in any given supermarket.

Its stock has more than doubled in the last year, earning the No. 2 spot on Forbes’ list of America’s Most Successful Small-Cap Companies.

Small-caps are making a comeback in 2024, with the Russell 2000 index up 17% this year, though it still lags the S&P 500. The rally accelerated after the Federal Reserve cut interest rates in September, and investors hope small companies will benefit from President-elect Donald Trump’s policies—while also being less vulnerable to proposed tariffs.

Longtime hedge fund executive Scott Bessent, a South Carolina native, is one of a few names mentioned as possible U.S. Treasury Secretary nominee.

President-elect Donald Trump’s pick for Treasury secretary devolved into a semi-public ordeal over the weekend, with Elon Musk and RFK Jr. signaling support for Howard Lutnick, more names added to the running and a reported invite to Mar-A-Lago, but one vocal contender is still longtime hedge fund executive Scott Bessent. Over his lifetime, Bessent has built relationships with some of the world’s wealthiest investors and most influential policymakers, from liberal billionaire George Soros (for whom he worked twice) to one of Saudi Arabia’s wealthiest families to the late Japanese Prime Minister Shinzo Abe.

Major stock indexes ended a losing week Friday, as the Trump-inspired stock market rally dried up and investors heeded concerns about more hawkish monetary policy. A tech selloff sent the market capitalization of the U.S.’ six most valuable companies—Nvidia, Apple, Microsoft, Amazon, Alphabet and Meta—down $458 billion Friday.

A federal judge in Texas permanently blocked a rule from President Joe Biden’s administration that expanded overtime protections, eliminating one of the highest-profile Labor Department rules enacted during his term. The rule would have made about 4 million more salaried workers eligible for overtime pay by raising the salary threshold for eligibility, according to the Labor Department, but the judge ruled the department........

© Forbes


Get it on Google Play