The best small cap stocks for 2023
Marc Kennis, November 25, 2022
What are the best small cap stocks in this tricky market?
This year’s small cap underperformance has been far worse than usual, according to our own Stuart Roberts. The ASX100 was down only 0.7% over the last twelve months, while ASX Small Ordinaries was down a whopping 18%.
Stuart says investors should get ready for the turn and that this is a stock pickers market in the small caps space. Rising interest rates, and poor investor sentiment seemed to have fuelled fears that the valuation multiple crunch will go on for a long time.
Which sector look attractive right now?
Stuart says discretionary retail looks good and mentions Michael Hill International (ASX: MHJ), Universal Store (ASX: UNI) and Premier Investments (ASX: PMV) as some of the best small cap stocks. He says travel stocks are also appealing and recommends a look at Corporate Travel Management (ASX: CTD).
Watch Stuart on Ausbiz below!
No time to do stock research, but you still want to invest?
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
No credit card needed and the trial expires automatically.
Blog Categories
Recent Posts
Here’s how to prepare your portfolio for a recession and the top 4 ASX stocks for a recession
How to prepare your portfolio for a recession? While we cannot comment on individual investors’ portfolio, there are some strategies…
Here are the 4 best ASX stocks for April 2024
Here are the 4 best ASX stocks for April 2024! Each month, we look at the best ASX stocks of…