It’s important to keep stocks’ performance this year in mind even as investors wonder what it’ll take to get inflation numbers lower.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeas investors assessed hotter-than-expected wholesale inflation numbers. Asia-Pacific benchmarks followed Wall Street downward on Friday. China's CSI 300 slumped 2.33%,in November, higher than the Dow Jones consensus estimate of 0.2%.
Those numbers might have been a tad uncomfortable to handle, and the markets didn't want to take inflation hot to go.increasing its artificial intelligence revenue "Broadcom was previously considered a value stock, but it could now be seen as a growth stock. However, it appeals to both, thanks to its continued dividend payments and growth," Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments, said in a note to clients.
Indeed, the company's stock has surged 66.5% year to date — a figure that puts Broadcom in the league of the Magnificent Seven companies: Shares of It's important, then, to keep stocks' sterling performance this year in mind even as investors wonder what it'll take to get inflation numbers below the U.S. Federal Reserve's target of 2%.
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