Published on 29 Sep 2024 on Insider Monkey · via Yahoo Finance
Is Vera Therapeutics Inc. (VERA) the Best Performing Small-Cap Stock in 2024?
We recently compiled a list of the 10 Best Performing Small-Cap Stocks in 2024. In this article, we will look at where Vera Therapeutics Inc. (NASDAQ:VERA) ranks among the best-performing small-cap stocks in 2024.
The Case for Small Caps
The recent Fed rate cut has made the market cautiously optimistic. Despite the unusual timing, historical data suggests a continued upward trend. Recently, we discussed the Dow’s new all-time high. The major stock index recently surpassed its previous peak, closing at a record-breaking level. This surge was fueled by a combination of factors, including positive investor sentiment following a central bank rate cut and broader economic optimism. This record-breaking performance reflects a strong upward trend in the market, indicating robust investor confidence and a favorable economic outlook.