Small-cap stocks have been trouncing their larger peers. These are the top recommendations.

There’s been a dramatic shift in market leadership over the last month, with small- and mid-cap stocks the beneficiaries.

For months prior to May—nay, years—the dominant narrative on Wall Street was how a few megacap stocks were leading the market higher. It was just one month ago that MarketWatch noted that “a handful of [large-cap] stocks are driving almost all of the market’s gains.” The story quoted JPMorgan equity strategists saying “equity-market breadth by some measures is the weakest ever.”

That…