📈 Strong PPI Moves the Market

And stocks to watch today.

PPI Data

We received PPI Data yesterday and it came in better than expected.

Last month PPI was a disaster, coming in significantly hotter than expected. This month, we saw significant improvement, coming in at 0.2%, beating consensus of 0.3%.

This was much needed after CPI spooked the market.

Stocks to Watch

The market responded with strong buying in specific names that I think are worth watching.

First, Amazon ($AMZN). We made a new all-time high yesterday and have blue skies ahead. I would absolutely be watching this.

Next is Nvidia ($NVDA). We have seen two straight days now of constant buying in the name. We are flipping moving averages and I expect it to continue higher.

Finally, we are still seeing energy names move. Just because other sectors are starting to move does not mean that energy will stop. TPL looks great so I would keep this on your radar.

This video recaps PPI data and what to watch for in trading today: