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BC-Money & Markets Digest

February 28, 2019

Money & Markets modules for Friday, March 1

TODAY

The Commerce Department releases consumer spending data for December. The University of Michigan issues its monthly consumer sentiment index. Foot Locker reports quarterly results.

SPOTLIGHT

Crocs Inc., maker of the colorful foam shoes, plunged to a two-month low Thursday after reporting losses far worse than Wall Street expected in the fourth quarter and forecasting weaker profitability in 2019.

CENTERPIECE

Peak smartphone?

Smartphone sales fell 5 percent last year after stalling in 2017. Has a crowded market hit a no-growth era of “peak smartphone”?

STORY STOCKS

J.C. Penney (JCP)

HP (HPQ)

Celgene (CELG)

Syneos Health (SYNH)

Monster Beverage (MNST)

Crocs (CROX)

Box (BOX)

Booking (BKNG)

FUND FOCUS

Putnam Multi-Asset Absolute Return (PDMYX)

Continued team turnover and inconsistency in executing its process earns this fund a “Neutral” rating, Morningstar says.

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