Is Enova International (ENVA) The Best Small-Cap Stock to Benefit From Fed’s Rate-Cut Cycle?

We recently published 10 Best Small-Cap Stocks With Huge Potential According to Reddit as Market Looks Beyond AI Trade. Enova International Inc is among the best small-cap stocks to buy according to Redditors.

Enova International Inc is a financial services company providing installment loans and lines of credit accounts. The stock is up 31% so far this year. The company is positioned to benefit from the ongoing rate cut cycle of the Federal Reserve and small businesses’ preference for non-banking lenders. In the third quarter, the company posted revenue growth of 16%, while small business lending increased 29% on an annual basis.

“Loans at a decent price, has pretty crazy growth lately and with lower rates coming may potentially increase business,” a Redditor said while pitching this small-cap stock.

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This article is originally published at Insider Monkey.