Best Small-Cap Stocks To Buy In June 2021

8. Magnachip Semiconductor (NYSE: MX)

Magnachip is a South Korean semiconductor company that supplies analog and mixed-signal semiconductor solutions to the communications industry. MX has a market cap of $1.07 billion, which explains why it too flies under the radar. Fellow Korean semiconductor company TSMC dominates all the headlines. But MX shares are up nearly 72% this year making it one of the top small-cap stocks to watch now. Analysts expect Magnachip earnings to grow by 306% this year, which makes MX stock more compelling to investors.

9. ReneSola (NYSE: SOL)

ReneSola stock is down 28.7% this year after pulling back more than 72% from its February peak. However, the stock has bounced back since last month. The Chinese solar projects developer shares rallied 28.5% between 13th May and 9th June, pushing the SOL market cap to $635 million. This could be a sign of things to come. There is a lot of room to run going into the second half of the year. Analysts expect SOL earnings to grow by 125% this year and 109% next year. The earnings growth catalyst makes ReneSola an exciting small-cap stock to buy.

10. Universal Electronics (Nasdaq: UEIC)

Universal Electronics shares have plunged recently to put the year-to-date rally on hold. UEIC stock plunged more than 20% at the start of May to wipe out the 15% gain made since the start of the year. However, UEIC has bounced back since 13th May and is now up nearly 10% over the last four weeks. The most exciting period is just ahead. Analysts expect Universal Electronics to post 958% EPS growth this year. The stock trades at an attractive forward P/E ratio of just 10.97. UEIC has a market cap of $693 million making it one of the best under-the-radar small-cap stocks to watch.

Why Buy Small-Cap Stocks in June 2021?

Small-cap stocks are affected by overall market conditions, just like any other stock. However, the impact is usually bigger on their total market value because of their smaller size. Therefore, if stock markets plummet, small-cap stocks are likely to fall further. And when markets are in recovery, they also gain more than their blue-chip counterparts.

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Disclaimer: None of the content in this article should be viewed as investment advice or a recommendation to buy or sell. Past performance/statistics may not necessarily reflect future ...

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