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BC-APFN-Money & Markets Digest

January 5, 2018

Money & Markets modules for Saturday, Jan. 6

THE WEEK AHEAD

Lubricant maker WD-40 reports its quarterly results, as do JPMorgan Chase and Wells Fargo. The Labor Department’s weekly report on applications for jobless benefits, a proxy for layoffs, comes out Thursday.

SPOTLIGHT

Corona brewer Constellation Brands plunged to its lowest price in a month after it reported weak third-quarter sales and gave a disappointing outlook for its wine and spirits division.

CENTERPIECE

Continental opportunity

Stock prices in Europe haven’t quite caught up to the surprising economic success story that has unfolded in the region, making them a possible alternative to stocks elsewhere that are looking expensive.

STORY STOCKS

Constellation Brands (STZ)

Sonic (SONC)

Francesca’s (FRAN)

Sears (SHLD)

Momenta Pharmaceuticals (MNTA)

Barnes & Noble (BKS)

Core-Mark (CORE)

TiGenix (TIG)

FUND FOCUS

Vanguard Global ex-US Real Estate Index (VGXRX)

Morningstar calls this a “sound choice” for exposure to non-U.S. real estate securities. Its fees are also lowest in its class, but emerging markets exposure means it has more risk than peers.

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.

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