Buy Zones For These 2 Small-Caps

It’s been a solid year so far for the major market averages, with the market up 7% year-to-date, a solid rebound after what was a brutal year in 2022. However, the small-cap universe hasn’t fared nearly as well, with the Russell 2000 Index (IWM) barely in positive territory. I attribute some of this underperformance to the relatively […] April 12, 2023 [Option Sensei] [Buy Zones For These 2 Small-Caps]( It’s been a solid year so far for the major market averages, with the market up 7% year-to-date, a solid rebound after what was a brutal year in 2022. However, the small-cap universe hasn’t fared nearly as well, with the [Russell 2000 Index (IWM)]( barely in positive territory. I attribute some of this underperformance to the relatively high weighting of regional banks in the index, which were hit hard following fears of bank runs. Fortunately, this underperformance has left some small-cap names trading at deep discounts to fair value, and one has been stuck in the mud despite the significant metals price increases in the precious metals sector. In this update, we’ll look at two small-cap names becoming more reasonably valued, and where I see their ideal buy zones. Buckle Inc. (BKE) [Buckle Inc. (BKE)]( is a $1.7 billion company in the Retail-Apparel industry group that was one of the market’s best performers last year as it raced towards its multi-year highs near $50.00 per share. However, the stock has since pulled back over 30% from its highs, and found itself back near key support at the $30.00 level. For those unfamiliar, Buckle has over 440 stores in the United States and specializes in jeans, other apparel, footwear, and accessories. The company released its Q4 2022 results (three months ended January 28th) last month and reported net sales up 5.5% year-over-year to $401.8 million. Meanwhile, quarterly earnings per share were up 3% to $1.78, while full-year EPS came in at $5.13, down just 1% from the year-ago period. Despite this performance being impressive given the sharp decline in earnings we saw from several other retail names, the focus appeared to be on the weaker than hoped February sales numbers, with Buckle reporting a 6.9% decline in comparable sales. However… Continue reading at [INO.com]( SPONSOR [[free] Gold stock portfolio averaging 25.75% Gains]( Publicly-traded gold stocks are on a run. And our free 2023 gold portfolio (download here) proves it. On average, our portfolio is up 25.75% in just under 5 months. And the trend is only getting started. In 2023 alone, we expect this market to triple in size. If you want our picks, they're all yours - at no cost whatsoever. [Just click here to download our report.]( Copyright © 2023 Wealthpop | All rights reserved. Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10119 [Contact]( / [Terms & Conditions]( [Click here to unsubscribe](