Because COVID-19 vaccine booster shots and cooler-than-expected inflation suggest a continuing economic recovery, mid-cap stocks that were losing momentum on concerns over slowing economic growth surged last week. As such, we think EnLink Midstream (NYSE:), Sharecare (SHCR), SmileDirectClub (NASDAQ:), and Crescent Point Energy (NYSE:) could be good additions to one’s watchlist now because they gained more than 10% in price last week. Read on.The stock market has been volatile lately due to the resurgence of COVID-19 cases, rising inflation, and simmering geopolitical tensions. This has caused a downtrend for several mid-cap stocks, which are typically more sensitive to market volatility than large-cap stocks.
However, continuing efforts to increase the efficacy of COVID-19 vaccines (including initiatives to administer booster shots) and lower-than-expected inflation data for August have renewed investors’ positivity about a continuing economic recovery. This resulted in a trend reversal for some mid-cap stocks last week.
EnLink Midstream, LLC (ENLC), Sharecare, Inc. (SHCR), SmileDirectClub, Inc. (SDC), and Crescent Point Energy Corp. (CPG) gained more than 10% in price last week. So, we think it could be wise to add these stocks to one’s watchlist.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Need Your Help Today. Your $1 can change life.