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From around the world we got an array of GDP news on Thursday. Japan is growing slightly faster than expected. While Europe underwhelmed at only +0.1% versus the previous quarters +0.3%. As far as rebounds go...this barely registers as one.
Gladly the last couple years has proven that the US economy doesn't need a strong Europe to plow ahead. And rolling back 20 years it is also clear we do not need Japan either.
No man is an island. But some nations are. And given our strong internal demand from consumers we are able to withstand world economic shocks better than most.
Don't get me wrong. It's easier to grow our economy when others are also doing well. It's just not a necessary ingredient.
Zacks' international initiative just signaled "Buy" for a hospitality company in a country growing much faster than the U.S. It has handily beaten earnings estimates for the last seven quarters and its shares have really been on a roll.
Saturday, November 16 is your deadline to see this exciting stock and look into putting a few of your investment eggs into the baskets of countries other than the U.S.
Use the Zacks Mutual Fund Rank, a quantitative ratings system designed to help you find the best funds to beat the market. See which ones to buy, which to sell and track your favorite mutual fund family.
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