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Alger Executive Vice President and Portfolio Manager, Amy Zhang, joins Wealth to discuss the benefits of investing in mid-cap stocks, noting the category to be a long-time outperformer when compared to the S&P 500 (^GSPC) and Russell 2000 small-cap index (^RUT).
Zhang says investors are "entering a golden age for both small and mid-cap in the next one to five years."
She highlights Vertiv (VRT) as a top pick in the space, expecting more revenue and profitability growth in 2025 as artificial intelligence (AI) demand continues. She also calls AppLovin (APP) a "high quality company" with significant growth potential.
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This post was written by Kaitlin Propeck.