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Markets surge on stimulus optimismMarkets end another strong weekU.S. rally pauses as TSX gainsThis summary was created by AI, based on 4 opinions in the last 12 months.
Experts have mixed opinions on the performance of iShares Russell 2000 ETF (IWM-N). While some believe that it has underperformed and small-cap names were caught up in a downdraft, others see it as a good way to get away from correlation to mega caps and expect outperformance later in the year. The consensus is that there may be a catch-up trade in cyclicals in Q3, but it could peters out. Overall, the stock may face challenges in the current market environment due to sensitivity to interest rates and a third of the index not being profitable.
RSP is not overly exposed to just tech and communications. IWM at market weight has performed much better than RSP. But we're hopefully going to see some rotation. RSP is a great idea, and there are similar tickers that trade on the Canadian side.
IWM has the smallest 2000 companies out of the Russell 3000, underperforming. Small cap should perform better with steady or falling interest rates, as they tend to be more levered.
His portfolio style favours the mid- and large-cap names, but small caps can do well in a lower-rate environment.
20% off all time share price high.
Market rally will lift shares to new records.
Small cap indexes presenting opportunity.
Better diversity in companies that make up index.
Financials, energy and utilities will see a catch-up trade in the second half of 2023. Certain cyclicals will perform. IWM saw good support at $180 and could top at $195-199. But the Russell 2000 is extremely sensitive to interest rates, and a third of the index is not profitable (those companies). The GDP is also expanding, though, but she thinks GDP will slow while rates stay at 5-5.5%. Overall, not a great environment for small caps and cyclicals. But there will be a catch-up trade in cyclicals in Q3, then it peters out.
It gained today. It's an important indicator, reflecting the Russell smallcaps. Last September, the Russell and IWM exploded up, but since January this has been rangebound at $210-235. AMC, healthcare, financials, industrials and tech dominate the IWM. If this breaks $235, then the S&P is off to the races.
iShares Russell 2000 ETF is a American stock, trading under the symbol IWM-N on the NYSE Arca (IWM). It is usually referred to as AMEX:IWM or IWM-N
In the last year, 2 stock analysts published opinions about IWM-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares Russell 2000 ETF.
iShares Russell 2000 ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for iShares Russell 2000 ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered iShares Russell 2000 ETF In the last year. It is a trending stock that is worth watching.
On 2024-04-19, iShares Russell 2000 ETF (IWM-N) stock closed at a price of $193.14.
Lagged a bit. Small-cap names were caught up more in the downdraft from August-October 2023. Market breadth is spreading out. Seeing a "dash for cash" as people look for ideas to keep up with the Jones of the big caps. Good way to get away from correlation to the mega caps. Expects outperformance later in the year. See his Top Picks.