3 Top Mid-Cap Stocks to Buy Right Now
Mid-cap stocks -- generally defined as a company valued at a market cap of $2 billion to $10 billion -- can be found among a diverse field of businesses and industries. Though some highly recognizable companies fall into this category, many mid-caps are small enough that they still have ample upside remaining, compared to some of their large-cap peers.
And yet, owing to their size and the occasional perception that they have more volatile financials, many midsize companies have been battered by the redundancy crisis brought on by COVID-19 this year. Three mid-cap companies that I think are poised to rally in grand fashion are SVB Financial Group (NASDAQ: SIVB), Skechers (NYSE: SKX), and Appian (NASDAQ: APPN).
When the economy decides to go haywire, bank stocks aren't the best place to have your investments. This year has been no exception. As measured by the Dow Jones U.S. Banks Index, the sector is down 35% so far this year. While it has taken its lumps as well, SVB Financial Group -- better known as Silicon Valley Bank (SVB) -- is down only 10% so far in 2020.
Source Fool.com
