Fiserv Jumps 5% in Early Trading

Big market day today. The S&P 500 is above 1,692 this morning. The big winner on our Buy List is Fiserv ($FISV) which is currently up 5.44% thanks to its strong earnings report. While AFLAC’s ($AFL) earnings were above expectations, that guidance was below the Street. Still, the reasons are understandable and the shares are only down 64 cents which is about 1%.

Reuters ran the numbers and found that Ford Motor ($F) could close its pension gap by the end of next year. That was unthinkable not that long ago.

The government reported that the U.S. economy grew by 1.7% last quarter. That was actually faster than expected. Economists were expecting an increase of less than 1%. Growth for Q1 was revised downward from 1.8% to 1.1%.

ADP, the private payroll firm, said that the economy created 200,000 new jobs last month. That’s right inline with what the economy has done for the last three months. On Friday, we get the official report from the Feds.

Posted by on July 31st, 2013 at 9:54 am

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