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Outside the Box
Midcap stocks can stand up to the market’s megacap giants
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It’s no secret that the U.S. stock market has become extremely concentrated. At the end of August, the top 10 companies in the S&P 500 SPX made up almost 40% of the index.
The market for midcap stocks has also been changing — growing beyond traditional definitions of companies with a capitalization between $2 billion and $10 billion. The Russell Midcap Index, for example, encompasses companies ranging from $1 billion to $104 billion in market capitalization, with a recent average of $30 billion.
This post was originally published on Market Watch
