Mid Cap Stocks To Add to Your Watchlist - March 9th

Key Points

• MarketBeat's screener identifies three mid-cap names with the highest recent dollar trading volume: SQQQ (ProShares UltraPro Short QQQ), HIMS (Hims & Hers Health), and AAOI (Applied Optoelectronics).
• SQQQ is a leveraged inverse ETF that seeks daily returns equal to -3x the NASDAQ-100, making it a short-term, high-risk bearish instrument rather than a buy-and-hold stock.
• HIMS is a telehealth platform offering mental, sexual, dermatology and primary care services, while AAOI designs and sells fiber-optic networking products, representing healthcare-tech and telecom infrastructure plays, respectively.

ProShares UltraPro Short QQQ, Hims & Hers Health, and Applied Optoelectronics are the three Mid Cap stocks to watch today, according to MarketBeat's stock screener tool. Mid-cap stocks are shares of publicly traded companies with a medium market capitalization, typically in the roughly $2 billion to $10 billion range (exact cutoffs vary by index provider and market). Investors consider them a middle ground between large caps and small caps, offering more growth potential than large, established firms but generally less volatility and risk than smaller companies. These companies had the highest dollar trading volume of any Mid Cap stocks within the last several days.

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

Hims & Hers Health (HIMS)

Hims & Hers Health, Inc. operates a telehealth consultation platform. It connects consumers to healthcare professionals, enabling them to access medical care for mental health, sexual health, dermatology and primary care. The company was founded in 2017 and is headquartered in San Francisco, CA.

Read Our Latest Research Report on HIMS

Applied Optoelectronics (AAOI)

Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.

Read Our Latest Research Report on AAOI

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