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MDY - MDY: Growth Will Outperform The S&P 500 Index
SPDR MidCap Trust Series I
2024-07-17 21:00:17 ET
Summary
MDY underperformed S&P 500 in the past 3 years, but expected to outperform due to upcoming rate cuts and better earnings growth forecasts.
MDY has higher volatility and underperformance due to past high-rate environment, but improving inflation data and rate cuts should benefit mid-cap stocks.
MDY currently trades at an attractive valuation with a solid earnings growth outlook in 2025 and 2026, making it a buy with potential for outperformance.