The stock market has been on a roller coaster of late. The benchmark S&P 500 has tumbled more than 19% this year. The chief strategist of UBS Investment Bank expects stocks to slump more, inflation to slow, and the U.S. economy to suffer a recession. He warned that American companies could see a blow to their profits as the country slumps into a recession.
Independent upstream energy company Berry Corporation (BRY) develops and produces conventional oil reserves in the western United States. Despite the plunge in the stock market, BRY has demonstrated solid momentum and has gained 11.8% over the past three months to close the last trading session at $8.05. It has gained 7.9% over the past six months.
