|Bid||202.57 x 1300|
|Ask||246.00 x 1000|
|Day's Range||203.82 - 206.14|
|52 Week Range||158.65 - 209.28|
|PE Ratio (TTM)||11.87|
|Expense Ratio (net)||0.25%|
The measure of optimism among U.S. small-business owners touched a record on highest capital spending since 2007 and all-time high hiring.
It's been a big year for small-cap stocks, and four exchange traded funds are now in IBD's ETF Leaders screen. The question is, are they late to the party?
After a lackluster July, growth stocks seem to have regained their appeal this month. This is especially true given that the S&P 500 Growth Index is up 3.9% so far this month, outpacing the gain of 1.6% for the S&P 500 Value Index.
Overruling the historical trend, the U.S. market has put up a good show so far in the month of August. In fact, a consensus carried out from 1950 to 2017 shows that August has offered positive stock returns in 37 years and negative in 31, per moneychimp.com, the average negative return being 0.27%.
It will take more than one month for value stocks to truly shed their laggard ways, but notable is the fact that at the large-cap level, value outperformed growth in July. While large-cap value may finally be showing signs of life, investors looking to stick with growth stocks don't need to fret.
Some signs are emerging that trend could be ready to change, but for investors looking for out-performance with growth stocks, small-caps remain the place to be. Exchange traded funds, including the iShares Russell 2000 Growth ETF (IWO) and the iShares S&P Small-Cap 600 Growth ETF (IJT) are surging. Year-to-date, IJT, which tracks the S&P SmallCap 600(R) Growth Index, is up more than 13%.
The U.S. stock market has started to feel the heat of summer in some corners. While the S&P 500 and the Dow Jones Industrial Average have seen a summer lull so far, the Russell 2000 index and Nasdaq Composite index have been burning with impressive gains of 3.6% and 3.5%, respectively, over the past one month.Source: Shutterstock
Small caps grabbed the spotlight during the past month, taking the top three positions among U.S. diversified stock funds based on year-to-date gains.
Wall Street has been on a roller-coaster ride this year. Yet, the small-cap segment of the broader market has been outperforming, defying extremely volatility. This is especially true as the Russell 2000 is nearing its record levels with just less than 1% away from its peak.Source: ShutterstockWhy Small Caps?
After negotiating on two versions of the bill already passed by the House and Senate, Republicans unveiled their final tax bill — which would reshape the tax code in three decades, making America more competitive. The Congress will vote on the legislation on Tuesday and sent it to President Donald Trump for his signature by the end of the year.Source: Shutterstock
The Zacks Analyst Blog Highlights: Vanguard Small-Cap Growth, iShares S&P Small-Cap 600 Growth and Vanguard S&P Small-Cap 600 Growth