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4 Mid-Cap Stocks That Bucked the Downward Trend and Surged More Than 10% Last Week By StockNews

by Mike Robinson

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© Reuters. 4 Mid-Cap Stocks That Bucked the Downward Trend and Surged More Than 10% Last Week

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. Continue reading. The stock market is volatile due to rising inflation and the return of COVID-19, as well as simmering geopolitical tensions. Many mid-cap stocks have seen a decline due to volatility in the stock market, as they are more susceptible than larger-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. Some mid-cap stocks saw a trend shift last week.

EnLink Midstream, LLC, Sharecare, Inc., SHCR, SmileDirectClub, Inc., SDC, and Crescent Point Energy Corp., all gained over 10% last week. So, we think it could be wise to add these stocks to one’s watchlist.

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