These small-cap stocks are cheap and expected to do well from here

As the 2024 market rally broadens out, some small-cap stocks are poised to do better than others. This year's bull run has been led by mega-cap technology titans such as Nvidia , up more than 140% in 2024. But with interest rate cuts on the horizon, the prospects for small-cap stocks have improved in recent weeks. The Russell 2000 small-cap index has already risen more than 6% in July alone. Against that backdrop, CNBC Pro screened for the small-cap stocks that could be poised for a boost.

"We believe near-term expectations are reasonable, and given the stock's negative sentiment and recent market volatility, we decided to move to the sidelines," wrote analyst Chris O'Cull. His price target of $60 implies that shares could rally about 41% from their Thursday closing price. Wall Street also sees shares of fast-food chain Jack in the Box potentially rising 23%. Shares have plunged 35% year to date.

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Small caps are the hottest trade going in the stock market right now and they're up again TuesdaySmall-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.
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Small caps are the hottest trade going in the stock market right now and they're up again TuesdaySmall-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.
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