Small Caps May Outrun Large Stocks This Year
Dow Jones Newswires</br></br>NEW YORK -- Anything big caps can do, small caps can do better, some analysts say.</br></br>While many investors are talking about large-stock indexes gaining in 2003 after three years of declines, small stocks are outperforming big stocks so far this year and could continue their run, say strategists who follow small-cap stocks.</br></br>The analysts cite the strong showing the Russell 2000 index of small-capitalization stocks has made, after beginning the year on a down note, with a burst so powerful that the small-cap barometer has surpassed the large-cap Dow Jones Industrial Average and the Standard & Poor's 500-stock index so far this year.</br></br>"It's been quiet a substantial rally over the last couple of months," said Steven DeSanctis, chief small-cap strategist at Prudential Equity Group. "And the showing gives me confidence small stocks will end up doing better for the year."