JPM’s Dimon Issued Another Warning

Earn While You Learn! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!]( Hello investor, JPM’s Dimon Issued Another Warning The stock market brushed off a subpar consumer confidence reading to finish the day in the green. The Conference Board’s gauge of consumer sentiment dropped the most since August 2021. Manufacturing data also came in weaker than expected. Consumer sentiment indicated that people don’t expect to find jobs as easily as they have in the past. - “The decay in the perceptions of jobs available was striking,” according to Carl Weinberg, chief economist at High Frequency Economics. “It also will deliver a warning message about the state of the economy to financial markets.” Sure enough, swaps traders boosted the odds of more than 75 basis point cuts by the end of the year. Meaning? Wall Street believes that the economy could worsen enough for the Fed to do another jumbo-sized cut this year. However, BMO’s Ian Lyngen wasn’t ready to jump the gun. He pointed out that economic data hasn’t shown a severe decline in consumer spending. It was just sentiment. - “Unless and until flagging confidence translates into lower consumer spending, the shift in sentiment won’t become a monetary policy influence,” Lyngen wrote. BMO’s Ian Lyngen (Photo: CNBC) This week, we will get several key economic data. Jobless claims, durable goods and revised GDP will be out tomorrow. The Fed’s preferred inflation gauge (the PCE) will report on Friday. JPMorgan Chase CEO Jamie Dimon (who recently doubted the soft landing thesis) warned that geopolitical conflicts are worsening. The risks of a “shock” are high, in his eyes. “My caution is all geopolitics, which may determine the state of the economy,” said Dimon. - “Geopolitics is getting worse, they are not getting better. There is chance for accidents in energy supply. God knows if other countries get involved. You have a lot of war taking place right now,” he said. Dimon also reitrtaed his doubt about the U.S. economy: - “I’m a long-term optimist, but in the short run, I’m also more skeptical of other people that say everything [is] going to be great. Markets are pricing things like they’re going to be great. Put me on the cautious side of that one,” he said. Plenty of people thought a recession was coming earlier this year. It never happened. Will he be right this time? We will see. Spooked by a Volatile Market? Pick Up This Steady Stock Today’s Stock Pick: Republic Services (RSG) Republic Services does the dirty job for America. It is the second largest provider of waste disposal in the United States (after Waste Management). So, it is an essential business in a $114 billion environmental services industry. And best of all, about 80% of its revenue has an “annuity-type” profile. (Source: Republic Services) Its footprint is vast. They make about 5 million in daily pickups for 13 million customers. In the map below, you can see how the company has operations around the country — with some opportunities to expand through consolidations. (Source: Republic Services) The world is shifting toward environmental and economic sustainability, right? Republic Services plays a key role in this shift. It has partnered with experts to turn landfill gas into renewable energy. The company expects that business to add $120 million in incremental EBITDA annually by 2028. The company certainly knows how to grow its business steadily. Its 5-year total shareholder return was 148% versus 107% for the S&P 500. How? Through 20 consecutive years of annual dividend increase and $2.5 billion cash returned to shareholders over the last three years. Moreover, its adjusted EPS jumped 16% CAGR since 2021: Lastly, Republic Services expects its adjusted EPS to grow modestly this year — just below double-digit rate. Once again, it is not a sexy business. It is going to grow steadily over the years due to its essential nature. If you are looking for a solid stock that could perform above the S&P 500 over the next few years, Republic Services may be the perfect candidate.   [EARN WHILE YOU LEARN! JOIN OUR FREE LIVE TRADING SESSION!](     © All Rights Reserved, Trade Alliance [Unsubscribe]( | [Manage Preferences](