© Reuters. 4 mid-cap stocks that are about to become large-cap stocks
Due to investors’ renewed attention to growth stocks and bullish sentiment in the broader market, the stock prices of many mid-cap companies and their market capitalization so far this year have risen sharply. Therefore, we believe that the mid-sized companies Manhattan Associates (NASDAQ:), DICK’S Sporting Goods (DKS), Playtika (PLTK) and AutoNation (NYSE:) with a market value of more than $8 billion should enter the large-cap stocks group soon. Please read on for an explanation. Companies with a market value of more than $10 billion are classified as large-cap stocks. So far this year, the bullish stock market and investors’ renewed focus on growth stocks have driven the market value of many mid-sized companies to rise sharply. The S&P Midcap 400 Index has risen 44.7% so far this year, outperforming the benchmark S&P 500 index, which represents large-cap stocks, with a 17.7% return.
Given the impressive corporate earnings and soaring deflationary transactions so far this year, mid-cap stocks are expected to reach new highs soon, thereby increasing their market value.
The fundamentally sound mid-cap stocks Manhattan Associates, Inc. (MANH), DICK’S Sporting Goods, Inc. (DKS), Playtika Holding Corp. (PLTK) and AutoNation, Inc. (AN), all of which currently have a market value of more than US$8 billion is expected to become a large-cap stock soon.
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