3 Top Mid-Cap Stocks to Buy Right Now
Mid-cap companies, as the title implies, are businesses that have grown enough to no longer be considered small but remain significantly smaller than the biggest corporations. While the definition is subjective and arbitrary, mid-caps are generally considered to be businesses with a market cap between $2 billion and $10 billion.
Mid-cap stocks can be lucrative territory to invest in. Many of these companies have proven and profitable business models, and they have momentum on their side. Three that fit that description and look like buys right now are Skechers (NYSE: SKX), Universal Display (NASDAQ: OLED), and Wix.com (NASDAQ: WIX).
Skechers is a potential rebound story -- it's experiencing some choppy seas as nearly all of its global retail stores were closed in March as nonessential businesses closed to help slow the spread of COVID-19. Most of its third-party distributors also shuttered their stores, nearly eliminating the brick-and-mortar retail channel Skechers primarily relies on. The shoe company's stock has fallen some 42% year to date as investors anticipate its losses.
Source Fool.com
