The Russell 2000 index tracks the performance of small-to-mid capitalization stocks. If anyone has been watching this captivating index, they would have seen a stark divergence between small-to-mid-cap and large-cap returns. As an example, the Russell 2000 rose 5.
2% in the first quarter, yet the S&P500 and the tech-heavy Nasdaq Composite had rallied 10.2% and 9.1%, respectively.
The onset of the second quarter marked a negative shift in broader U.S. equities returns as a result of a higher-than-expected March consumer price index (CPI) report as well as concerns surrounding the fundamentals (or lack thereof) of the ongoing market rally.
The Russell 2000 ended up taking a significant hit at the beginning of the second quarter, most likely due to investors pulling their capital out of what they saw as smaller, riskier equities and pouring capital into stable larger caps. On a year-to-date basis, the Russell has started to catch up with its peer indices, up 8.6% for the year, but there is still plenty of room for investors to take advantage of the performance gap.
In particular, below are 3 Russell 2000 stocks trading at 52-week lows. Helen of Troy (HELE) Helen of Troy (NASDAQ: HELE ) is a seller of various consumer goods. The company primarily operates in two segments: Home & Outdoor and Beauty & Wellness.
That is, everything from kitchenware to baking essentials, bath and cleaning products, infant and toddler products as well as outdoor and sports accessories. In essence, Hele.