Spotlight on Small Cap Stocks: MODG, BALY, FNKO, IIPR, and DFIN
Zacks Market Edge, a weekly podcast by Zacks Stock Strategist Tracey Ryniec, delves into the realm of investing, focusing on the current topics stirring the market. This includes a variety of assets like stocks, bonds, and ETFs, and how they affect investors' lives. A recent episode titled Should You Buy Small-Cap Stocks Right Now? brought to light several small-cap stocks worth noting.
An In-Depth Look at Small-Cap Stocks
The possibility of a breakout for small-cap stocks, particularly after a notable rally ending 2023, was discussed. The mention of particular stocks like MODG, BALY, FNKO, IIPR, and DFIN sparked interest, all of which Tracey has come across in her portfolio management experience for Zacks.
The Five Highlighted Small Cap Companies
Topgolf Callaway Brands Corp. (MODG) faced a 40.3% share price decline over the last year although it is valued at $2.59 billion. Despite a slump in earnings, it remains on the investor's radar.
Bally's Corp. (BALY) at a $471 million market cap rallied towards the end of 2023, yet overall shares tumbled by 48.9% last year.
Funko, Inc. (FNKO) holds a $367 million market cap and saw a significant drop in its share price, but anticipates a considerable earnings rebound in 2024.
Innovative Industrial Properties, Inc. (IIPR), with a market cap of $2.57 billion, offers investors an interesting angle by being a small-cap REIT with ties to the cannabis industry. It also pays a steady dividend.
Donnelley Financial Solutions, Inc. (DFIN), a risk and compliance solutions firm, has witnessed an impressive share increase, climbing 44.1% over the last year with a market cap of $1.8 billion.
These companies, each distinct in their offerings, provide investors with a glimpse into the potential of the small-cap market segment. The Zacks Rank system has been touted as a tool to help discover companies with positive earnings estimations, and these five stocks represent just a slice of the opportunities available in the diverse small-cap universe.
MODG, BALY, FNKO, IIPR, DFIN