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BC-APFN-Money & Markets Digest

May 15, 2018

Money & Markets modules for Wednesday, May 16

TODAY

The Commerce Department releases its latest monthly tally of new residential construction projects. Cisco Systems and Macy’s report quarterly results.

SPOTLIGHT

Home Depot skids after the home improvement retailer reported first-quarter sales that disappointed Wall Street and said the current quarter got off to a slow start.

CENTERPIECE

Pain at the pump

Oil prices crossed the $70-a-barrel threshold last week, meaning more pain at the pump for car-driving commuters, as gasoline prices hit levels not seen in nearly four years.

STORY STOCKS

KeyCorp. (KEY)

Home Depot (HD)

Newmont Mining (NEM)

Clorox (CLX)

D.R. Horton (DHI)

Microsoft (MSFT)

Agilent Technologies (A)

Crocs (CROX)

FUND FOCUS

Fidelity Advisor International Growth (FIAGX)

Morningstar upgraded this fund’s rating to “Silver,” citing confidence in lead manager Jed Weiss, his strong industry experience and ability to tap Fidelity’s deep research bench.

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