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BC-Money & Markets Digest

May 17, 2019

Money & Markets modules for Saturday, May 18

THE WEEK AHEAD

The National Association of Realtors issues its April tally of U.S. home sales Tuesday. The Federal Reserve releases the minutes of its last policymakers’ meeting Wednesday. Best Buy serves up its fiscal first quarter results Thursday.

SPOTLIGHT

Cray Inc. stock soared to a three-year high after the Seattle-based maker of advanced supercomputers said it was being acquired by Hewlett Packard Enterprise for about $1.3 billion.

CENTERPIECE

Sanctions bite Iran

The recent decision by President Donald Trump to stop giving waivers from U.S. sanctions to certain countries that import Iranian oil is going to accentuate the country’s downturn, some experts say.

STORY STOCKS

Deere (DE)

Cray (CRAY)

Skyworks Solutions (SWKS)

3M (MMM)

Applied Materials (AMAT)

Tesla (TSLA)

Nvidia (NVDA)

Boot Barn (BOOT)

FUND FOCUS

VanEck Emerging Markets (EMRYX)

Morningstar has upgraded this fund to “Bronze” from “Neutral.” It “can work for those who can handle its high volatility,” Morningstar says.

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