BC-APFN-Money & Markets Digest
Money & Markets modules for Wednesday, Jan. 10
Homebuilders Lennar and KB Home serve up their latest quarterly results. The Commerce Department issues its latest monthly data on wholesale business inventories. Supermarket operator Supervalu reports quarterly earnings.
Sprouts Farmers Markets, a grocer specializing in natural foods, is teaming up with Instacart in hopes of countering Amazon’s push into the grocery business.
Tailwind for airlines
Airlines have relatively high effective tax rates, so slashing the tax rate on corporate income, as the new tax law does, will immediately help Southwest, Alaska Airlines and JetBlue, all of which announced bonuses for their staff.
Sprouts Farmers Markets (SFM)
Big 5 Sporting Goods (BGFV)
Urban Outfitters (URBN)
Acuity Brands (AYI)
Boston Scientific (BSX)
Touchstone Sustainability & Impact Equity (TEQAX)
This fund has had “middling” returns in the three years since Rockefeller & Co. took over as subadvisor. Its managers prefer stocks with good environmental and other social characteristics.
For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money & Markets digest can also be found at www.markets.ap.org.