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Stocks Sink As April Inflation Data Shows Jump Of 4.2%

Stocks dropped this morning as key inflation data showed higher-than-expected price pressures. The Labor Department reported that inflation accelerated at its fastest pace in more than 12 years in April as the U.S. economy kicked into high gear and energy prices jumped higher. The Consumer Price Index rose to an annualized rate of 4.2% last month, while economists had expected an increase of 3.6%. “Transitory pandemic influences clearly contributed to the surprise but there...

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Shockwave Medical Inc (NASDAQ: SWAV): Shockwave Medical shares rose as much as 24.5% yesterday after the company reported first quarter earnings, posting a jump in revenue of 110% year-over-year to $31.9 million. “This quarter has been a highly productive one for Shockwave and I could not be more impressed by the achievements of our team and the support of our customers,” Doug ...

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Do HUN’s fundamentals support its long-term upward trend?

This is a sector that I like to pay attention to as a barometer for the underlying relative health of the economy, because the companies that comprise it produce or mine many of the raw materials that make up the building blocks used to create most of the finished goods we use every day. The sector includes industries that cover chemicals and plastics, construction materials, paper, forest, and packaging products, as well as metals and minerals – which means that in some form, this sect...

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Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford. As of December 31, 2020, it had to...

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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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