Today we are going to discuss the list of the best small-cap stocks to buy now, published by Insider Monkey. As the year of 2020 has brought lots of challanges, dominated by the COVID-19 coronavirus, the small-cap companies had several severe and unforeseen defials.
According to Insider Monkey’s investigation the small-cap Russion 2000 index was 1.36% this year. But when on November 9, Pfizer Inc. announced they have managed to develop an extremely promising coronavirus vaccine, things have seemed to be better. Since then the Russell index has increased by more than 5%, pushing the small-caps higher. All this has brought small-cap investors and holders hopes to get higher assets in long term.
And now, without a further ado, let’s see what Insider Monkey has investigated for you related to the best small-cap stocks to invest in. We are giving you a short summerize about two stocks, as usual. At first, Synaptics Incorporated (NASDAQ:SYNA) got the fifth spot of the compilation. Synaptics is involved in mobile, PC and IoT spaces. Synaptics has had a turnaround, as billionaire Ken Fisher’s Fisher Asset Management opened a stake in SYNA in Q2 2018, and possessed 1.28 million shares at the end of September 2020. Otherwise the company will have to face with some issues, as the global mobile and PC markets are predicted to stagnate in the next few years, therefore the company will heavily depend on its IoT segment. The next company, Cleveland-Cliffs Inc (NYSE:CLF) has received the third spot on the list. according to Insider Monkey’s research, Fisher Asset Management is among the 25 hedge funds that possessed shares of Cleveland-Cliffs Inc (NYSE:CLF) at the end of Q2. In the third quarter Fisher invested another 4.56 million shares, now having 4.35% stake in this mining company. In order to get ixtensive information, please jump to best small-cup stocks to buy now.