BC-Money & Markets Digest
Money & Markets modules for Friday, March 1
The Commerce Department releases consumer spending data for December. The University of Michigan issues its monthly consumer sentiment index. Foot Locker reports quarterly results.
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.
Smartphone sales fell 5 percent last year after stalling in 2017. Has a crowded market hit a no-growth era of “peak smartphone”?
J.C. Penney (JCP)
Syneos Health (SYNH)
Monster Beverage (MNST)
Putnam Multi-Asset Absolute Return (PDMYX)
Continued team turnover and inconsistency in executing its process earns this fund a “Neutral” rating, Morningstar says.
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.