BC-APFN-US--Money & Markets Digest
Money & Markets modules for Wednesday, Sept. 10
All graphics are sent by 6 p.m. EDT
A new look? Men’s Wearhouse reports its latest quarterly report card today.
Burlington raises outlook
Shares of Burlington Stores rose Tuesday after the discount retailer boosted its full-year earnings outlook.
The falling euro is great news for U.S. tourists visiting Europe. Not so much for U.S. businesses. Consider Harman International, the Connecticut-based company that makes loudspeakers, in-dash navigators for automobiles and other equipment. It gets nearly a third of its revenue from Germany, more than it does from the United States. If Harman sells 1,000 euros of equipment in Germany to BMW today, it’s worth $1,290 after translating it into dollars. But that’s $25 less than those same 1,000 euros were worth just last Wednesday.
Avon Products (AVP)
Burlington Stores (BURL)
Home Depot (HD)
Fuel Cell Energy (FCEL)
Francesca’s Holdings (FRAN)
SinoCoking Coal (SCOK)
BlackRock Latin America Inv. A (MDLTX)
BlackRock Latin America is having a great year. Its nearly 20 percent return places it in the top 3 percent of Morningstar’s Latin America Stock fund category.
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