Are things finally getting better?

JPMorgan Chase (NYSE: JPM) posted quarterly results this week. It was a solid report, but the optimistic kicker was that early-stage delinquencies were down nicely through its credit card portfolio.

That wasn't the only sign of fundamental goodness. Apple (Nasdaq: AAPL) announced that its iPad tablets were selling so well -- more than 500,000 during the first week alone -- that it's delaying the gadget's overseas debut until next month.

Unlike subsidized iPhones that can be had for as little as $99 with two-year contractual commitments, customers are shelling out the $499 to $699 for the Wi-Fi models without a wireless carrier eating most of the cost.

If that isn't enough to win you over to Team Recovery, consider Infosys (Nasdaq: INFY). The IT-outsourcing specialist saw a 16% revenue spike in its latest quarter. A cynic would argue that a company outsources operations to Bangalore when business is bad and costs need to be shaved, but I suggest that business is booming at Infosys because business is booming in general.

The world is bouncing back. China just posted its highest quarterly GDP in three years. There are too many positive signs popping up to make this a mere string of coincidences.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Shares of Sirius XM Radio (Nasdaq: SIRI) were back above the $1 mark after announcing that it had added 171,441 net subscribers during the past three months.
  • Toyota Motors (NYSE: TM) halted sales of its Lexus GX 460 after Consumer Reports flagged the car as a rollover risk. So let's wrap it up. Toyota has been already accused of putting out cars that don't stop and whose accelerator speeds won't drop. Now, even a high-end model could roll over. Is this an auto company or a fire-safety video?

Until next week, I remain,

Rick Munarriz

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Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He owns no shares in any of the stocks in this story and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.