BC-APFN-Money & Markets Digest
Money & Markets modules for Thursday, Sept. 6
The Commerce Department issues its monthly snapshot of business orders to U.S. factories. Broadcom serves up its quarterly results. The Labor Department reports its weekly tally of applications for unemployment aid.
Vera Bradley shares soared after the luggage and accessories maker posted strong results for its most recent quarter and raised its profit forecast for the year.
Fast out of the gate
The nation’s eight publicly traded health insurers started 2018 quickly, as nearly all grew profits in the year’s first half: they made more than $25 billion combined, a 13 percent increase over last year’s first half, according to Moody’s.
Vera Bradley (VRA)
Tabula Rasa Healthcare (TRHC)
Duluth Holdings (DLTH)
Adobe Systems (ADBE)
BlackRock High Yield Bond (BHYAX)
This fund “stands the test of time,” Morningstar says. Its flexible approach allows managers to be cautious when riskier bonds offer poor compensation.
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.