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BC-Money & Markets Digest

September 25, 2018

Money & Markets modules for Wednesday, Sept. 26

TODAY

The Federal Reserve is expected to end its two-day meeting with an announcement of its third rate hike of the year; the Commerce Department releases data on new home sales in August; CarMax reports quarterly results

SPOTLIGHT

Michael Kors is buying the Italian fashion house Versace in a deal worth more than $2 billion, continuing its charge into the world of high-end fashion.

CENTERPIECE

Sweet leaf or sour diesel?

Canada will legalize retail marijuana in October, and analysts say the market there is worth billions. Investors are tantalized by the industry’s possibilities, but pot companies have limited track records and their stock prices have swung wildly.

STORY STOCKS

Facebook (FB)

Sonic (SONC)

CenturyLink (CTL)

Ascena Retail (ASNA)

Halliburton (HAL)

XO Group (XO)

Southern Co. (SO)

Southwest Airlines (LUV)

FUND FOCUS

Oakmark International Small Cap (OAKEX)

This fund’s contrarian management team produces “lumpy” returns that have “tested investors’ intestinal fortitude,” Morningstar says. It earns a “Bronze” rating, because “it’s shown it can pay off.”

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