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BC-Money & Markets Digest

August 23, 2018

Money & Markets modules for Friday, Aug. 24

TODAY

The Commerce Department issues monthly data on durable goods orders. Foot Locker serves up its quarterly results. Oilfield services company Baker Hughes releases its weekly tally of U.S. oil and natural gas rigs.

SPOTLIGHT

Williams-Sonoma surged to its biggest gain in seven years as investors grew more hopeful that the cookware and home furnishings company is back on track.

CENTERPIECE

Measuring loyalty

Hotel loyalty programs have hundreds of millions of members. But the jury is still out on how much they help hotels.

STORY STOCKS

Williams-Sonoma (WSM)

L Brands (LB)

Alibaba (BABA)

Hormel (HRL)

Honeywell (HON)

Cato (CATO)

Synopsys (SNPS)

NVR (NVR)

FUND FOCUS

Fidelity International Growth (FIGFX)

Morningstar upgraded this fund to “Silver,” citing greater confidence in its lead manager, who focuses on companies with long-term growth potential and high barriers to entry.

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