US goods exports dropped USD -2.8B to USD 154.8B in January. Goods imports rose USD 4.4B to USD 262.5B. Trade deficit widened by USD -7.2B to USD -107.6B, larger than expectation of USD -98.5B. Wholesale inventories rose 0.8% mom to USD 798.2B. Retail inventories rose 1.9% mom to USD 658.1B. Full release here.
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Broadcom shares moved higher in early Monday trading, putting the stock on pace for a December gain of around 40%, following another price target boost for the AI chipmaker from a top Wall Street analyst. Read more…
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