Buying mid-cap stocks is a great way to diversify a portfolio. Mid-cap companies — classified as those with market capitalizations between $2 billion and $10 billion — operate in fast-growing industries and generate more robust returns when compared to large-cap stocks. More importantly, they are less volatile when compared to small-cap stocks.
That’s why now would be a good time to look at these two mid-cap companies that are growing at a nice pace, are built for long-term growth, and are worth putting down $1,000 on, thanks to their cheap valuations. So here’s a closer look at these two companies.