Lori Calvasina of RBC Capital Markets told Bloomberg there's a "historic valuation opportunity" in small-cap stocks.
Short-term investors with a six- to 12-month time horizon should "stay neutral," Calvasina said, given that there are doubts about the trajectory of the economy in the near future. On the other hand, investors with a three- to five-year time horizon who can "ignore the noise of next year" can take advantage of this small-cap opportunity, she said.MORGAN STANLEY: Buy these 22 stocks that are slashing costs as sales take a hit from COVID-19 — putting them in position to smash the market as the economic recovery continues
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