BC-APFN-Money & Markets Digest
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.
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.
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.
Constellation Brands (STZ)
Momenta Pharmaceuticals (MNTA)
Barnes & Noble (BKS)
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.