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Mid-cap stocks tend to perform well when the economy exhibits growth potential, interest rates are low, and the stock market shows bullish tendencies. Investors’ interest in mid-cap stocks is evident in the SPDR S&P MIDCAP 400 ETF Trust’s (MDY) 47% returns over the past year versus the broader SPDR S&P 500 ETF Trust’s (SPY) 40.6% gains.
Given this backdrop, we think it could be wise to add fundamentally sound mid-cap stocks Compañía Cervecerías Unidas S.A. (CCU), Piper Sandler Companies (PIPR), and Newmark Group, Inc. (NMRK) to one’s portfolio.
