On the economic side, jobless claims came in slightly worse than expected as states dealt with an increase in coronavirus cases. A total of 1.3 million filed for unemployment, worse than the 1.25 million expected. That trend may continue if places like California and Texas are forced to roll back reopening measures further. Overseas, China reported Q2 GDP growth of 3.2%, but that was offset by weaker-than-expected retail sales which pushed the Shanghai Composite down more than 4%.
First on the list today is Fifth Third Bancorp, a diversified financial-services company headquartered in Cincinnati, Ohio, with over $140 billion in assets. Our deep learning algorithms have given factor scores of D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value to the stock that has lost 38.2% already for the year. Our AI thinks this is likely to head lower in the coming months. Revenue grew by 3.