NSP - 3 Top Small Cap Value Stocks to Buy Now
It's tough to be excited about buying anything right now. The coronavirus contagion was already alarming, but its ongoing spread this month has brought a great deal of the world's commerce to a screeching halt. Getting those wheels spinning again will be no small task.
As veterans who survived the dot-com meltdown of 2001 and the subprime mortgage mess of 2008 can attest, though, capitalism finds a way. Stocks dig their way out. These seemingly insurmountable problems -- as well as lesser ones like the SARS and swine flu scares -- are terrifying at the time, but they usually prove to be fantastic buying opportunities. Investors just need the guts and foresight to take the plunge.
To that end, while the COVID-19-driven drubbing currently has the S&P 500 still down around 24% from its February peak, the S&P 600 small-cap index remains off to the tune of more than 32% from its recent high. The value stocks within the S&P 600 are off by more than 34% since Feb. 20. This oversized sell-off, however, may make small-cap value names the most opportune buy here. Three names stand out as the top prospects to consider.