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BC-Money & Markets Digest

November 19, 2018

Money & Markets modules for Tuesday, Nov. 20

TODAY

Lowe’s and Best Buy report quarterly results. The Commerce Department issues its latest monthly tally of newly started U.S. residential construction projects.

SPOTLIGHT

Oil and gas company Cimarex is acquiring competitor Resolute Energy in a cash-and-stock deal valued at $1.6 billion, including debt, that will expand its reach.

CENTERPIECE

Budget battles loom large

With Republicans retaining control of the Senate and Democrats winning back the House in the recent midterm elections, the stage is set for major battles next year. No fight is likely to be bigger than passing a new budget.

STORY STOCKS

Resolute Energy (REN)

Colfax (CFX)

Spectrum Brands (SPB)

General Electric (GE)

Macerich (MAC)

PG&E (PCG)

JD.com (JD)

Adobe (ADBE)

FUND FOCUS

Columbia Seligman Com. & Info. (SLMCX)

The fund’s semiconductor overweighting has detracted from results, but it still has a prudent process and impressive long-term record, Morningstar says.

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