BC-Money & Markets Digest
Money & Markets modules for Saturday, Nov. 17
THE WEEK AHEAD
The National Association of Home Builders issues its November builder sentiment index Monday. Best Buy serves up its third-quarter results Tuesday. The Commerce Department reports its October tally of durable goods orders Wednesday.
Williams-Sonoma shares fell to a six-month low after the upscale kitchenware retailer said its third-quarter sales suffered from disruption tied to new U.S. tariffs on Chinese imports.
A tale of two stores
Heading into the holidays, Macy’s and J.C. Penney face far different fortunes: Macy’s says innovation is driving faster profit growth, while J.C. Penney is still trying to figure out its identity.
Applied Materials (AMAT)
Shoe Carnival (SCVL)
T. Rowe Price Equity Income (PRFDX)
Morningstar says this “Silver”-rated fund has adjusted well to a manager change and has stayed true to its mission of finding undervalued dividend-payers.
For questions about Money & Markets modules, please contact Greg Keller (212-621-1618). 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.