Hotter PCE Inflation: 5 Defensive ETFs Investors Can Turn to as Rate-Cut Hopes Fade
Hotter-than-expected inflation could keep rates higher. These ETFs offer potentially steadier exposure amid persistent price pressures.
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Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 6.81% on an annualized basis producing an average annual return of 16.11%. Currently, Costco Wholesale has a market capitalization of
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Hotter-than-expected inflation could keep rates higher. These ETFs offer potentially steadier exposure amid persistent price pressures.
Read original at benzingaCostco's stock hasn't split since January 2000, when a 2-for-1 split cut the share price from $98.12 to $49.06. A $1,000 investment made before that split would be worth just over $19,700 today. With shares now trading near $1,000, investors are speculating about a potential future split, though the company hasn't indicated one is imminent. Stock splits themselves don't create value but often generate market bullishness.
Read original at the-motley-foolOnly 3.85% of S&P 500 stocks now yield more than the 10-year Treasury, the lowest since May 2007. Benzinga found 118 mega-caps that pay less.
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