Money & Markets modules for Wednesday, July 11

TODAY

The Commerce Department issues its monthly snapshot of U.S. wholesale business inventories. The Labor Department releases its latest gauge of prices that producers receive for their goods and services. Fastenal reports quarterly results.

SPOTLIGHT

PepsiCo shares jumped to a four-month high after Frito Lay's sales growth in North America helped offset weakness in the Gatorade and Mountain Dew maker's beverage division.

CENTERPIECE

Great expectations

No matter how many challenges get thrown at the stock market, one pillar of support is helping to prop it up: corporate profits continue to soar.

STORY STOCKS

PepsiCo (PEP)

Chevron (CVX)

J.M. Smucker (SJM)

Simply Good Foods (SMPL)

Lowe's (LOW)

Tesla (TSLA)

Ameriprise Financial (AMP)

Marten Transport (MRTN)

FUND FOCUS

PGIM Short-Term Corporate Bond (PBSMX)

Despite taking on more credit and interest-rate risk than its category, the fund has "sidestepped major trouble," Morningstar said, earning an analyst rating of "Silver."

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