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The Russell 2000 index rose by 1% on Tuesday, marking a notable rebound in small-cap stocks following a correction of over 10% in March. This surge occurs after a favorable Q2 for the stock market, drawing investor attention to previously underperforming stocks.
Zacks Internet-Software Stocks: BMBL & CREX
Bumble Inc. (BMBL) and Creative Realities (CREX) are highlighted as top-rated stocks, with Zacks Ranks of #2 (Buy) and #1 (Strong Buy), respectively. Bumble’s stock is up over 50% in the last three months but remains over 30% below its 52-week high of $10, while trading at 7X forward earnings. Creative Realities has also increased by more than 50% over three months, trading at $3 and expected to achieve profitability this year.
Zacks Internet-Services Stocks: CXDO & LYFT
Lyft (LYFT) and Crexendo (CXDO) have both gained over 20% in the past three months, trading under $20 and $6, respectively. Both companies are projected to see over 10% growth in earnings for FY25 and FY26.
Bottom Line
The recent gains in these internet stocks suggest a continued favorable risk-to-reward opportunity for investors.
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