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Best Mid Cap Stocks To Follow Now - August 30th

IREN logo with Finance background

Key Points

  • Five Mid Cap stocks to follow include IREN Limited, ProShares UltraPro Short QQQ, Direxion Daily TSLA Bull 2X Shares, Opendoor Technologies, and Elanco Animal Health, selected based on high trading volume.
  • Mid-cap stocks are typically valued between $2 billion and $10 billion, offering a balance of growth potential and volatility compared to large-cap and small-cap stocks.
  • IREN Limited specializes in bitcoin mining data centers, contributing to its appeal among investors looking for exposure in cryptocurrency markets.
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IREN, ProShares UltraPro Short QQQ, Direxion Daily TSLA Bull 2X Shares, Opendoor Technologies, and Elanco Animal Health are the five Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of publicly traded companies whose market capitalization generally falls between about $2 billion and $10 billion. They occupy the middle tier of the stock market, offering more growth potential than large-caps but with less volatility than small-caps. Investors often include mid-caps in their portfolios to balance risk and return. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

IREN (IREN)

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Read Our Latest Research Report on IREN

ProShares UltraPro Short QQQ (SQQQ)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.

Read Our Latest Research Report on SQQQ

Direxion Daily TSLA Bull 2X Shares (TSLL)

Read Our Latest Research Report on TSLL

Opendoor Technologies (OPEN)

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer.

Read Our Latest Research Report on OPEN

Elanco Animal Health (ELAN)

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals. It offers pet health disease prevention products, such as parasiticide and vaccine products that protect pets from worms, fleas, and ticks under the Seresto, Advantage, Advantix, and Advocate brands; pet health therapeutics for pain, osteoarthritis, ear infections, cardiovascular, and dermatology indications in canines and felines under the Galliprant and Claro brands; vaccines, antibiotics, parasiticides, and other products for use in poultry and aquaculture production, as well as nutritional health products, including enzymes, probiotics, and prebiotics; and a range of vaccines, antibiotics, implants, parasiticides, and other products used in ruminant and swine production under the Rumensin and Baytril brands.

Read Our Latest Research Report on ELAN

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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