Published on 21 Oct 2022 on Zacks via Yahoo Finance
5 Small Hidden Gems Flying High Despite Market's Bloodbath
Wall Street has been reeling under severe volatility since the beginning of 2022 after finishing impressively in the last two coronavirus-ridden years. Small business operators suffered the most during the pandemic. The nightmare of these companies continues this year too owing to record-high inflation, a higher interest rate regime and the ongoing Russia-Ukraine war.
Despite various hurdles, several small-cap (market capital < $1 billion) stocks are flying high this year. Investment in these stocks with a favorable Zacks Rank is likely to strengthen one’s portfolio in an otherwise tough environment. Five of them are — SilverBow Resources Inc. SBOW, Amalgamated Financial Corp. AMAL, PHX Minerals Inc. PHX, Richardson Electronics Ltd. RELL and Aerie Pharmaceuticals Inc. AERI.
Immediate Concerns