- Ring The Bell
- Posts
- 💰 Mag 7 To Lag 7: These Small-Cap Stocks Are Outperforming The Big Boys In Recent Rally
💰 Mag 7 To Lag 7: These Small-Cap Stocks Are Outperforming The Big Boys In Recent Rally
The market goes for nine straight up days, Eli Lilly gets some positive news and more
You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.
Happy Tuesday Zingernation! Last time the market hit all-time highs, a lot of people were saying that it still had a ‘bad breadth’ problem. Well, I guess someone got Mr. Market a pack of Mentos, because this time around, the rally is broad-based. In fact, these small-cap stocks are outperforming the big boys, plus, how one household name is turning around its stock through cost-cutting initiatives.
—Aaron Bry & Nic Chahine
Plus, if you want to avoid PDT rules and become a funded trader, check out today’s partner, Trade The Pool.
MARKET SNAPSHOT
Yesterday: More of the same, with all major indices closing in the green. AMD was a standout gainer on the day, closing up more than 4% after announcing a new acquisition in the data server space.
On Our Radar: We got earnings reports from major companies like Palo Alto Networks and Lowe’s, but many traders are waiting for Powell’s speech from Jackson Hole later in the week to make their next move.
TOP STORY
Basically: In a year marked by market turbulence, small-cap stocks are grabbing headlines for their remarkable performances.
So: As Benzinga looks forward to its SmallCAP Conference in October, here are three thriving small caps that are a part of the Russell 2000 Index, offering fresh opportunities for savvy investors. Here are three names that have been moving higher and helping boost portfolios.
PRESENTED BY TRADE THE POOL
Trade The Pool has created a stock trading prop firm that allows traders like you to use your strategies and daily routine to become funded traders.Here are some tips from our funded traders:
Avoid impulsive jumps based on fleeting emotions.
Wait for A+ setup according to your trading plan.
Organized risk management is your safety net.
FIVE ZINGERS
And It Keeps Getting Better: Eli Lilly can seemingly do no wrong with its weight-loss drugs. Here’s the latest story boosting the stock.
Follow Through: AMD closed higher yesterday after announcing a new acquisition. Here’s what the analysts are saying about the deal.
Buy The Dip?: Chipotle’s stock has gone a little cold, but here’s why one expert is getting bullish on the stock after a 20% drawdown.
New Phone, Who Dis?: Apple is gearing up to release its new iPhone in a few weeks. Here’s everything you need to know about the launch.
Charged Up: NIO is attempting to take on Tesla with a revamped charging network. But will it be enough to lift up the stock?
ONE FOR THE ROAD
Basically: S&P Global raised Uber Technologies Inc's credit rating to BBB- from BB+ on Friday evening after the market close.
So: The company's share price is up by 25% in the past two weeks after stronger-than-expected earnings results earlier this month. For the ride-hailing giant, recent successes may be traced back to a series of cost-cutting decisions initiated in mid-2022. Here’s how Uber has effectively cut costs, and what it could mean for the stock long-term.
PRESENTED BY BENZINGA
How do I do this? It’s called the “MoneyLine”. It’s how you can spot quick moves in a stock that you close in as little as one day. And we’re not talking about 3% gains here and there. I’ve won up to 411% using my MoneyLine approach to options. Take a look here.
BEFORE YOU GO
Were you forwarded this email? Click here to subscribe.
And be sure to check out our other newsletters:
Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.
Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.
Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.
Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.
Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.