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BC-Money & Markets Digest

May 2, 2019

Money & Markets modules for Friday, May 3

TODAY

The Labor Department issues its April tally of hiring by nonfarm employers. The Commerce Department serves up its March data on U.S. wholesale business inventories. Newell Brands reports quarterly results.

SPOTLIGHT

3M is buying medical technology company Acelity for $6.7 billion, including debt.

CENTERPIECE

Home prices cooling

California residents have reason to complain about stratospheric home prices, but the market is beginning to pull prices closer to earth after so many would-be buyers have been priced out.

STORY STOCKS

Qualcomm (QCOM)

Tesla (TSLA)

Square (SQ)

Abiomed (ABMD)

Zynga (ZNGA)

Whiting Petroleum (WLL)

Under Armour (UAA)

Fluor (FLR)

FUND FOCUS

Eaton Vance Floating Rate (EVBLX)

Even with a manager departure upcoming, Morningstar says this fund “remains in good hands.” The team’s process is relatively conservative for the category.

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