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Most stocks started the new year with a bit of a hangover after an intoxicating ascent over the past nine weeks. Technology (-4.3%) fared the worst among the sectors, which were led by defensive groups like health care (2.0%) and utilities (+1.9%). Small caps suffered.
Both the consumer price index and producer price index for October provided fresh evidence that inflation is on the wane.
Betterware de Mexico (BWMX) is riding the wave of robust consumer demand in Mexico. Revenue this year is expected to grow 25% to $782.4 million, with earnings up 35%. The stock yields 4.6%.