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BC-APFN-Money & Markets Digest

November 9, 2018

Money & Markets modules for Saturday, Nov. 10

THE WEEK AHEAD

The Treasury issues it monthly report on the budget Tuesday; The Labor Department reports consumer inflation data for last month on Wednesday; Walmart releases its quarterly results on Thursday.

SPOTLIGHT

Yelp plummeted to its worst single-day loss after the online reviews site reported soft sales and warned investors that the current quarter will also be weak.

CENTERPIECE

Room for improvement

Slowing spending growth on home improvements has concerned some investors in Home Depot and Lowe’s, but shareholders shouldn’t overestimate the impact.

STORY STOCKS

Yelp (YELP)

Walt Disney (DIS)

Hess (HES)

Activision Blizzard (ATVI)

Revlon (REV)

Finisar (FNSR)

Colgate-Palmolive (CL)

PG&E (PCG)

FUND FOCUS

Fidelity Advisor Leveraged Co. Stk. (FLSAX)

Morningstar calls this fund “risky, but differentiated.” With reasonable fees and solid resources, it earns a “Bronze” rating.

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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