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BC-APFN-Money & Markets Digest

August 3, 2018

Money & Markets modules for Saturday, Aug. 4

THE WEEK AHEAD

Walt Disney reports earnings for its third fiscal quarter on Tuesday. CVS Health reports on Wednesday. The Labor Department reports weekly jobless aid application numbers on Thursday.

SPOTLIGHT

Shares of Post Holdings notched their biggest gain in two-and-a-half years after the St. Louis-based maker of Cocoa Pebbles and Raisin Bran cereal reported higher earnings and unveiled a plan to spin off its private brands business.

CENTERPIECE

Amazon now delivering profits

Once known as a company that brought in lots of revenue but very little profit, Amazon.com’s quarterly earnings have now shot past $2 billion thanks to its cloud computing business Amazon Web Services.

STORY STOCKS

Take-Two Interactive Software (TTWO)

Symantec (SYMC)

Kraft Heinz (KHC)

Post Holdings (POST)

Groupon (GRPN)

GoPro (GPRO)

Activision Blizzard (ATVI)

Noble Energy (NBL)

FUND FOCUS

Schwab Small Cap Index Fund (SWSSX)

This low-cost fund “is a good pick, but there are better options,” Morningstar says. Its broad reach and market-cap-weighting approach earn it a “Bronze” rating.

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