Published on 19 Sep 2024 on Insider Monkey · via Yahoo Finance

Here’s What Weighed on Brunswick Corporation (BC) Stock

Scout Investments, Inc, an affiliate of Carillon Tower Advisers, released the “Carillon Scout Mid Cap Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The Russell Midcap® Index fell in Q2 as investors prioritized mega-cap technology businesses over smaller ones. IT, communications, and utilities were among the midcap industries with significant links to AI and attractive returns, as they matched the power requirements of AI servers. Surprisingly, the generally less cyclical consumer staples and healthcare sectors underperformed despite the index's negative returns in the quarter. Overall, the U.S. economy appears steady going into the second half of the year. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Carillon Scout Mid Cap Fund highlighted stocks like Brunswick Corporation (NYSE:BC), in the second quarter 2024 investor letter. Brunswick Corporation (NYSE:BC) designs, manufactures, and markets recreational marine products that operates through Propulsion, Engine P&A, Navico Group, and Boat segments. The one-month return of Brunswick Corporation (NYSE:BC) was -0.73%, and its shares lost 1.06% of their value over the last 52 weeks. On September 9, 2024, Brunswick Corporation (NYSE:BC) stock closed at $75.66 per share with a market capitalization of $5.01 billion.