3 Russell 2000 Stocks to Buy for the Next Bull Run: March 2024

Group 1: Russell 2000 Overview - The Russell 2000 index includes the 2000 smallest companies from the Russell 3000, characterized by small cap stocks that often exhibit higher volatility and growth potential [1] - After a period of underperformance due to economic uncertainty, many stocks in the Russell 2000 are currently trading at a discount, presenting potential investment opportunities as earnings improve and the economy recovers [1] Group 2: ACM Research (ACMR) - ACM Research is a leading company in wafer packaging and cleaning for the semiconductor industry, poised to benefit from increasing AI demand [2] - The company reported a 43% year-over-year revenue increase last year, with expectations for revenue growth from $558 million in 2023 to between $650 million and $725 million in 2024 [2] - The semiconductor market is projected to return to growth at an estimated rate of 16.8% in 2024, which will positively impact ACM Research [2] Group 3: Celsius Holdings (CELH) - Celsius Holdings is an American beverage company specializing in energy drinks, ranking first among 17 stocks in the nonalcoholic beverage sector [3] - The company reported a 95% increase in revenue to $347.4 million in Q4 FY2023, with earnings improving from a loss of $0.12 per share to a profit of $0.17 per share [3] - Celsius has a dominant market share of 19.7% on Amazon in 2023, outpacing competitors like Monster and RedBull, and is expanding into international markets [3] Group 4: Abercrombie & Fitch (ANF) - Abercrombie & Fitch operates over 850 stores globally and owns five brands, experiencing a 21% year-over-year sales increase due to higher prices and reduced raw material costs [4] - The company achieved earnings per share of $2.97 in Q4 FY2023, exceeding expectations of $2.83, and reported a remarkable 371% year-over-year growth [5] - Abercrombie & Fitch generated $335 million in profits for 2023, indicating strong profitability and positive shareholder returns [5]