Nagpur Investment：When the US stock market style is ＂big turn＂! Damo focuses on these small -cap stocks

Zhitong Finance APP was informed that Wall Street Financial Giants Morgan Stanley (hereinafter referred to as "Damo") recently released small -cap stock research reports and listed the institution's preferred US stock market small -cap stocks. This group has been in the Fed since 2022Rating and long -term high interest rates have continued to decapy, but recently, it has continued to benefit from the opening of the Federal Reserve ’s interest rate cut cycle and the U.S. economy’ s “soft landing” expected to promote a wider stock market to small and medium -sized plates.However, the Morgan Stanley analysis team stated that before it was completely optimistic about the prospects of US stocks, the agency was still waiting for some macro -level actual evidence to support the logic of small -cap stocks.Nagpur Investment

It is understood that the Russell 2000 index of small -cap stocks in the US stocks has risen by about 10%since the second half of the year, which is almost the same as the S & P 500 index. In the past two years, the Russell 2000 index has been lying on the bottom of the valley.ETFs that track US small -cap stocks, such as IWM, VB, IJR, and SCHA, ETF value has been greatly increased since the second half of the year.Essence

In addition to the opening of the Fed's new round of interest rate cuts and the valuation restoration brought about by the US "soft landing" expectations, some reasons are that the US presidential election has brought some uplifting motivation.

Trump will maintain the policy expectations of low taxes and slowing the scale of corporate supervision, overlay the Federal Reserve ’s interest rate cut expectations, and jointly boosted the stock price of small enterprises. Although analysts generally believe that these companies are more beneficial to the economic growth of US economic growth moreGreat confidence.

大摩在美东时间周一发布的一份报告中表示，在美国总统竞选之后的12个月内，美股小盘股的绝对收益往往高达25%，表现远远优于大盘股基准——标普About 6%of the 500 index.

Following the news of the spraying of the non -agricultural employment report in September and the Federal Reserve ’s unexpectedly cut interest rates of 50 basis last month, the Morgan Stanley Analysis Team recently raised the agency’ s rating of small -cap stocks from “selling” to “selling” to “China” to “China”Sexuality, the negative rating of "selling" beforeLucknow Investment. It has been maintained for 3 years.In the research report, Damo said: "If we need to be optimistic about the overall increase of small -cap stocks, leading macro indicators may need to indicate that the US economic growth will accelerate significantly."The US stock market research report released on the 16th echoed.

The Damo Analysis Team stated that the further upgrade views of small -cap stocks need to be raised in GDP in 2025 and 2026, as well as further improved survey indicators such as the ISM service and manufacturing PMI, and the continuous improved American consumersThe health status, as well as the income of small -cap stocks as a whole, has been in a substantial situation.

With the opening of the Federal Reserve ’s interest rate cut cycle, the investment style switching of the market’ s “big turn” may become more and more obvious

Generally speaking, when the Fed announced the start of the interest rate cut cycle, the performance of small -cap stocks is often better than large -cap stocks in the short -term to mid -term, because small enterprises are forced by their own balance sheets and limited operating scale.Floating interest rates are much more sensitive.

Assuming that the Federal Reserve ’s interest rate cut cycle is officially opened and the US economy“ soft landing ”has become a reality, then the rise of U.S. stocks is very expected to rotate to the seven major technology giants and the S & P 500 Index’ s large market component stocks.The small and medium -sized stocks that have been hit hard, these stock targets are extremely sensitive to interest rate expectations and economic growth expectations, and even if they reduce interest rate cuts slightly, they are expected to increase their popular stock prices and valuations.

Seven U.S. stocks that occupy the S & P 500 Index's high weights, namely "Magnifice 7", including: Apple, Microsoft, Google, Tesla, Nvidia, Amazon, and Meta Platforms, which are the core of the Pu 500 index that repeated high highs.driving force.

Looking at the entire U.S. stocks, the seven major technology giants have fully won the US -stock large -cap stocks and the core logic of extensive small and medium -cap stocks since 2023. The background of the global AI boom, and the Federal Reserve ’s interest rate cut expectations are erratic and occasionally expected to reduce interest rate cuts.The trend of economic growth in the United States is not strong. Although occasionally, it is not too weak to be overly weak until the recession economy.Under such a transaction situation, the seven major technology giants rely on the unparalleled AI revenue scale, the fundamentals of the rock, the strong free cash flow reserves, and the expansion of the scale of stock repurchase.It is expected to be erratic and the "safe shelter" in the background of economic growth.

However, Wall Street strategists now generally stated that under the macro background of the Fed's start of interest rate cuts, small and medium -cap stock performances may be far more than the seven technology giants and extensive large -cap stocks that are far more than US stocks.Cardinal stocks are often very sensitive to the benchmark interest rate set by the Federal Reserve. They depend on floating interest rate loans. Therefore, in the context of the Federal Reserve interest rate cut, it means that their long -term debt side pressure decreases significantly, which is expected to increase profit margins and stock valuations.Essence

Therefore, in the context of the FOMC dotmine show that the Federal Reserve may cumulate up to 200 basis points by the end of next year, the trend of the classic small and medium -cap stock rotation market or the profit recovery of small and medium -sized stocks may be completely displayed, and then the funds will be transferred to some benefits to benefit from some benefits.Small and medium -sized stocks with interest rate cuts and very cheap stock prices and valuations instead of those technology giants at high historical highs. Investors will become "comparative shoppers" in a general sense, which is commonly known as "cargo ratio ratio"Three.

The following list of stocks is the "preferred small -cap stock list" of American stocks in various industries based on the industry.Among them, there are many familiar AAL.US and the American Iron and Steel (X.us). The leading companies of these two industries have belonged to large -cap stocks, but in recent years, the stock price has continued to sluggish, and the current market value is less than 10 billion than 10 billionDollar.

Semiconductor Equipment Company MKS Instruments is also a very popular stock in U.S. stocks. It is a company focusing on providing process control equipment, instruments and solutions for high -end manufacturing fields such as chip manufacturing.field.The company's stock price has continued to rise since 2023. From October 2023 to July this year, the stock price increased by more than 100%.Obviously call back.But what surprised investors was that the stock did not belong to the S & P 500 Index, but belonged to small -cap stocks.

The following is Morgan Stanley's "List of Small Currenade", which is the code for the corresponding US stocks in parentheses:

Lifestance Health Group (LFST)Ahmedabad Wealth Management

10X Genomics (TXG)Varanasi Stock

AxSome therapeutics (Axsm)

BICARA Therapeutics (BCAX)

Biohaven (BHVN)

CG Oncology (CGON)

Dyne therapeutics (dyn)

Legend Biotech (Legn)

Rhythm Pharmaceuticals (Rytm)

Structure therapeutics (GPCR)

Viking therapeutics (VKTX)

BLOOM ENERGY (BE)

Embraer (ERJ)

KORNIT DIGITAL (KRNT)

RBC Bearings (RBC)

Alaska Air (Alk)

American Airlines (AAL)

Arcbest (ARC)

Knight-Swift Transportation (KNX)Varanasi Wealth Management

Non -necessary consumer goods:

Borgwarner (BWA)

Chewy (chwy)

Group 1 Automotive (GPI)

Valvoline (VVV)

Hasbro (nhas)

Planet Fitness (PLNT)

Prosperity Bancshares (PB)

Bridge Investment (brdg)

Evercore (EVR)

Lazard (laz)

High -tech and information technology:

MKS Instruments (MKSI)

Blackline (bl)

Unity Software (U)

Vertex (VERX)

American aluminum (AA)

Summit Materials (SUM)

American Iron and Steel Corporation (X)

Agree Realty (ADC)

American HealthCare Reit (AHR)

Antero Resources (AR)

This article comes from: Zhitong Finance Network