Zacks.com featured highlights include Marriott International, BorgWarner, Atkore, Upbound Group and Triton International

For Immediate Release

Chicago, IL June 8, 2023 Stocks in this weeks article are Marriott International, Inc. MAR, BorgWarner Inc. BWA, Atkore Inc. ATKR, Upbound Group, Inc. UPBD and Triton International Limited TRTN.

5 Stocks With High ROE to Buy as Markets Appear on Cruise Mode

The U.S. equity markets appear to have steadied after President Joe Biden signed the debt ceiling bill to avert a potential default on the federal governments debt. A default would have made the government incapable of borrowing any more money or repaying its bills, endangering the global economy and affecting prices and mortgage rates in other countries. The markets were further propelled by a better-than-expected May jobs report that allayed the fears of recession from the near-term horizon to at least until 2024.

The jobs report revealed that payrolls in the public and private sectors increased by 339,000 in May, significantly higher than broad-based expectations of 190,000 rise. While professional and business services added 64,000 jobs, government and healthcare sectors contributed 56,000 and 52,000 job additions, respectively. Average hourly earnings, a key inflation indicator, improved 0.3% for the month and were in sync with expectations. The focus has now shifted to the Federal Reserves Jun 13-14 policy meeting, which is likely to be another potential market catalyst.