TECH - Top 2 Small-Cap US Stocks To Watch According To Market Strategist Matt Orton | Benzinga
Market strategist Matt Orton has identified two under-the-radar U.S. small-cap companies that he believes have significant potential for growth.
What Happened: Orton, who serves as the chief market strategist at Raymond James Investment Management, expressed his optimism about small-cap stocks in 2024. He believes that these stocks are on the verge of a significant breakthrough, reported CNBC from an interview on “Squawk Box Asia."
"I have been optimistic around small-caps this year, and it looks like we could be on the verge of an even bigger breakout," Orton said.
Despite a challenging start to the year, the Russell 2000, the small-cap stock benchmark, has seen a 5.2% increase year-to-date. Orton pointed out that the index is still over 13% off its all-time high from 2021.
Orton highlighted two U.S. small-cap companies, Vertiv Holdings Co (NYSE:VRT) and Cyberark Software Ltd (NASDAQ:CYBR), as particularly appealing investment opportunities.
Vertiv Holdings, a ...