Operator
Ladies and gentlemen, thank you for standing by, and welcome to the BigCommerce s first-quarter 2021 earnings call. [Operator instructions] Please be advised that today s conference is being recorded. I would now like to turn the conference over to your first speaker today, Daniel Lentz, head of investor relations. Thank you, please go ahead.
Daniel Lentz
Head of Investor Relations
[Audio gap] and chairman, Brent Bellm; and CFO, Robert Alvarez. Today s call will contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning financial and business trends, our expected future business and financial performance and financial condition, and our guidance for the second quarter of 2021 and the full-year 2021. These statements can be identified by words such as expect, anticipate, intend, plan, believe, seek, will, or similar words.
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Stocks with smaller market values are outperforming by a wide margin so far this year, and strategists and analysts alike say small caps should continue to lead the way as the economic recovery gains steam. The U.S. economy is currently trending toward high-single digit GDP growth in 2021 as COVID-19 vaccine distribution expands and we gradually emerge from the pandemic, says Lule Demmissie, president of Ally Invest. That environment favors small-cap names, which tend to have a more domestic focus than larger multinational firms.
Small caps tend to outperform in the early parts of the economic cycle, so it should come as no surprise that they are clobbering stocks with larger market values these days.