Stronger Dollar Will Benefit Small and Mid-Cap Stocks, Says Mizuho Equities Head
The election has made small and mid-cap stocks more attractive, according to Mizuho Securities.
Small and mid-cap stocks look set to outperform now that the dollar has strengthened post-election, says Matt DeSalvo, head of U.S. equities at Mizuho Securities. DeSalvo says engineering company Fluor (FLR) - Get Report and railroad firm Genesee & Wyoming (GWR) - Get Report are two companies that look poised to move higher between now and the end of the year. DeSalvo also says while bank stocks have rallied since the election, he believes they have more room to run. He also favors cyclical stocks and pharmaceutical and biotech companies.
