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Unprofitable companies are outperforming the market:
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Unprofitable Russell 2000 Stocks Surge 60%, Outpacing Firms That Actually Earn Money

Unprofitable Russell 2000 stocks have climbed about 60% since April 2025, far outpacing the 38% gain for profitable small-cap firms, according to Apollo Global Management. The divergence has widened through…

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