Actionable news
0
All posts from Actionable news
Actionable news in CSCO: Cisco Systems, Inc.,

Here's how to invest around the biggest jump in wage growth in 7 years

Friday's jobs report came in slightly worse than expected, but the big story was wage growth in October. Average hourly earnings posted a 2.8 percent annualized increase, the biggest jump in seven years.

So which stocks should investors buy or avoid as wage growth accelerates?

Fundstrat's Tom Lee recently analyzed which stocks win when wage growth is on the rise.

"Wage inflation sensitivity [is] beginning to impact stocks," the strategist wrote in a note to clients...


More