Eagle Eye Opener: JP Morgan Cuts 17,000 Jobs Related to Mortgage Mess; Italy’s Election Causes Uncertainty; Honda Opens New Tokyo Plant

Eagle Eye Opener

JP Morgan Calling off the Cavalry and Cutting Jobs (Reuters)

JP Morgan Chase & Co (JPM) is looking to cut about 17,000 jobs from its ledger by the end of 2014. However, investors considering JPM shouldn’t mistake this action for mass cost-cutting. The majority of these positions were people brought in after the global financial crisis in 2008 to help deal with customers concerned about their home loans.  And now that it appears the U.S. housing market may be getting back on its feet, JPM’s way of saying thanks to its reinforcements is by presenting them with pink slips. Let’s just hope the housing market trend continues, so the bank doesn’t have to go back to the well again.

How to Pay for “The Italian Job” (CNBC)

Italy’s inability to elect a president during its two-day general election caused a wave of red to sweep across global equity markets yesterday. Today, though, investors seem to be refocusing on their own personal agendas, as we see a nice, Christmas-like mix of red and green numbers on the big boards. But for investors looking to get into an asset class that’s non-correlated to Europe’s political uncertainty, Tom Essaye, president of U.S. commodities at Kinsale Trading, recommends investors get gas. That is, stocks related to natural gas. Specifically, he likes stocks in transportation (tankers) or the gathering and processing of natural gas. We’ll just have to wait and see how many investors actually get gas after a bad Italian experience.

Prodigal Son Honda Returns Home (Bloomberg)

After a 50-year hiatus, Honda Motor Co. finally returns home to Japan in the form of a new production facility. Located in Sayama, near Tokyo, the new plant boasts an annual capacity of 250,000 vehicles. And it appears the plant couldn’t have picked a better time to initiate production — as it coincides with favorable currency values. Japan’s renewed emphasis on a weaker yen means that big ticket manufacturers like Honda will be more profitable. The investing community is also taking note of the positive changes in the Japanese economy, as recent activity has pushed the Nikkei 225 up to levels not seen since 2008. Will 2013 or this quarter be the time that Japan rises from its recession?  We’ll let you know.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

previous article

Following the largest drop in benchmark indices in three months, U.S. stocks rose today, thanks to estimate-beating housing and consumer confidence data.


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor