My latest column is up at RealMoney.
According to a release from the Bureau of Labor Statistics, core producer prices increased by 0.4% in April and 3% over the last 12 months. The monthly gain was twice the rate that had been forecast, and the 12-month change was the largest gain since December 1991.
I’ll leave reading the economic tea leaves to those who are better at it. For a stock picker like me, government economic reports can do more than just indicate the state of the economy. Instead, I like to examine the industry-level data to see if there are specific industries to consider more closely as investment opportunities. As usual, this month’s PPI report did not disappoint.
Disclosure: At time of publication, William Trent has no position in the securities mentioned in this article.
