) are shaky after the May jobs report was hotter than expected, adding 272,000 nonfarm jobs to the US economy — 90,000 more than economists expected. TIAA Wealth Management chief investment officer Niladri “Neel” Mukherjee joins Wealth! to give insight into what the May jobs Report means for the broader market.
But there is some slowdown in terms of the unemployment rate taking higher when I look at the totality of the labour market data and less people are quitting their jobs. The good news has been priced in, so the bar for surprising the market on the upset and getting rewarded for it is that much higher.I think what's interesting in the earnings story is a couple of things.That's because the economy is in decent shape.
The final thing say on earnings is we are seeing this rotation away from the mega cap earnings to the other company's earnings.But if we are in this environment, where growth is 1.5% 2% inflation is sticky.Suncor stock has a supported dividend for now, but the dividend stock isn't likely to remain so strong in the next decade. The post Forget Suncor Stock: This Dividend Heavyweight is the Better Buy Today appeared first on The Motley Fool Canada.
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