What are the Top 10 Stocks in the S&P 600 Index?

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What are the Top 10 Stocks in the S&P 600 Index?

The S&P 600 is a small-cap stock market index that tracks the performance of 600 publicly traded companies in the United States with a market capitalization between $450 million and $2.1 billion. As of April 30, 2021, the S&P 600 had a total market capitalization of $1.5 trillion and a year-to-date total return of 18.9%. But which stocks are thetop performersin this index? Let's take a closer look.

1. Enphase Energy Inc. (ENPH)

Enphase Energy is a California-based company that designs and manufactures microinverters for solar photovoltaic systems. Its stock has been on a tear in recent years, driven by the growing demand for renewable energy and the company's strong financial results. As of April 30, 2021, ENPH had a market capitalization of $20.8 billion and a year-to-date total return of 141.4%.

2. Lattice Semiconductor Corporation (LSCC)

Lattice Semiconductor is an Oregon-based company that designs and manufactures programmable logic devices, field-programmable gate arrays, and other semiconductor products. Its stock has benefited from the global shortage of semiconductors and the increasing demand for electronic devices. As of April 30, 2021, LSCC had a market capitalization of $8.4 billion and a year-to-date total return of 117.1%.

3. Novanta Inc. (NOVT)

Novanta is a Massachusetts-based company that provides precision motion and photonics solutions for medical and advanced industrial applications. Its stock has benefited from the growing healthcare market and the company's focus on innovation and acquisitions. As of April 30, 2021, NOVT had a market capitalization of $4.9 billion and a year-to-date total return of 104.6%.

4. Casa Systems Inc. (CASA)

Casa Systems is a Massachusetts-based company that provides software-centric broadband solutions for cable, wireless, and fixed networks. Its stock has benefited from the increasing demand for high-speed internet and the company's strategic partnerships and acquisitions. As of April 30, 2021, CASA had a market capitalization of $1.7 billion and a year-to-date total return of 99.3%.

5. Kornit Digital Ltd. (KRNT)

Kornit Digital is an Israeli-based company that provides digital printing solutions for the textile, apparel, and home décor industries. Its stock has benefited from the shift towards online shopping and the company's innovative and eco-friendly products. As of April 30, 2021, KRNT had a market capitalization of $4.6 billion and a year-to-date total return of 93.7%.

6. Generac Holdings Inc. (GNRC)

Generac Holdings is a Wisconsin-based company that designs and manufactures backup power generation products for residential, commercial, and industrial customers. Its stock has benefited from the growing demand for reliable and sustainable power solutions and the company's strong financial performance. As of April 30, 2021, GNRC had a market capitalization of $29.2 billion and a year-to-date total return of 88.5%.

7. Mercury Systems Inc. (MRCY)

Mercury Systems is a Massachusetts-based company that provides secure processing subsystems for defense and intelligence applications. Its stock has benefited from the increasing defense spending and the company's focus on innovation and acquisitions. As of April 30, 2021, MRCY had a market capitalization of $6.2 billion and a year-to-date total return of 86.8%.

8. Ollie's Bargain Outlet Holdings Inc. (OLLI)

Ollie's Bargain Outlet Holdings is a Pennsylvania-based company that operates a chain of discount retail stores that sell brand-name merchandise at reduced prices. Its stock has benefited from the increasing demand for value-oriented shopping and the company's expansion plans. As of April 30, 2021, OLLI had a market capitalization of $6.6 billion and a year-to-date total return of 83.3%.

9. Crocs Inc. (CROX)

Crocs is a Colorado-based company that designs and manufactures casual footwear for men, women, and children. Its stock has benefited from the popularity of its iconic clogs and the company's successful digital marketing and collaborations. As of April 30, 2021, CROX had a market capitalization of $7.3 billion and a year-to-date total return of 79.2%.

10. NovoCure Ltd. (NVCR)

NovoCure is a Jersey-based company that develops and commercializes innovative therapy systems for solid tumors. Its stock has benefited from the growing demand for cancer treatments and the company's clinical and regulatory progress. As of April 30, 2021, NVCR had a market capitalization of $17.1 billion and a year-to-date total return of 78.5%.

Investing in the S&P 600

Investing in the S&P 600 can be a way to diversify your portfolio and gain exposure to small-cap companies that have the potential for growth and innovation. However, it is important to do your own research and due diligence before making any investment decisions. You should consider factors such as the company's financial performance, competitive position, management team, industry trends, and valuation. You should also be aware of the risks and volatility that come with investing in stocks, especially in small-cap stocks that may be more sensitive to market and economic conditions. One way to mitigate these risks is to diversify your investments across different asset classes, sectors, and geographies, and to hold a long-term perspective that focuses on the fundamentals of the companies you invest in.