BC-Money & Markets Digest
Money & Markets modules for Saturday, Aug. 18
THE WEEK AHEAD
J.M. Smucker serves up quarterly results Tuesday. The National Association of Realtors issues its monthly tally of U.S. existing home sales Wednesday. Ross Stores reports its latest quarterly results Thursday.
Nordstrom shares notched their biggest gain in more than four years after the upscale department store chain reported strong earnings growth for the second quarter and raised its profit outlook for the year.
Decision time for Ford
Although Ford Motor Co. has said a $7 billion revamp is under way, a lack of specifics has perplexed analysts and sent the stock tumbling.
Applied Materials (AMAT)
Zoe’s Kitchen (ZOES)
Deere & Co. (DE)
Pinnacle West Capital (PNW)
Laudus US Large Cap Growth (LGILX)
Morningstar has upgraded this fund’s rating to “Silver” from “Bronze,” citing its established manager and below-average fees.
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.