Small-cap stocks in the U.S. are putting up “a fight,” showing “better trends” while lagging the S&P 500 and Nasdaq Composite this year, according to RBC Capital Markets.
The Russell 2000, an index tracking U.S. small-cap stocks, has seen modest gains of around 2.8% so far in 2023, while the S&P 500 has jumped 11.7% and the technology-heavy Nasdaq Composite has surged 26.8%, according to FactSet data based on Monday afternoon trading levels. Utilities, consumer staples, healthcare, industrials, communications services, information technology and the category labeled TIMT, or technology, internet, media and telecommunications, are among the areas that RBC highlighted as having both positive EPS and revenue revisions among small-cap stocks.
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