Stocks still have room to fall, but look to buy the dip, JP Morgan says
Stocks have fallen sharply as a trade war between the world’s two biggest economies ramped up in the past week, and according J.P. Morgan, it’s a good time to start buying.
U.S. economy slows in second quarter; consumer spending accelerates
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
UPS shares surge nearly 9% as demand for faster shipping drives a revenue jump
Shares of UPS surged as demand for faster delivery powered a second quarter that beat Wall Street expectations.
U.S. business investment stabilizing, economy slowing
New orders for key U.S. made capital goods surged in June, suggesting some improvement in business investment, but economic growth is still expected to have slowed sharply in the second quarter amid weaker exports and a smaller inventory build.
U.S. labor market strong; mid-Atlantic manufacturing rebounds
The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labor market conditions despite signs that economic activity was slowing.
Negative earnings season just turned positive as companies beat lower forecasts
After a great start to earnings season, overall profits are no longer expected to decline
Amazon says this year’s Prime Day surpassed Black Friday and Cyber Monday combined
Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined.
U.S. retail sales ease fears over economy; rate cut still seen
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
Jamie Dimon raves about the strength of the US consumer, calls global economy ‘not that bad’
J.P. Morgan chief Jamie Dimon on Tuesday praised the strength of the U.S. consumer following the largest U.S. bank’s strong quarterly earnings report.
Homebuilder sentiment ticks up slightly, as housing shortage intensifies
The nation’s homebuilders should be ecstatic, given the supply of existing homes for sale and falling mortgage rates.