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BC-APFN-Money & Markets Digest

November 29, 2018

Money & Markets modules for Friday, Nov. 30

TODAY

MNI Indicators releases its Chicago business barometer for November, and Baker Hughes reports its weekly tally of active oil and gas rigs. Big-and-tall apparel retailer Destination XL reports third-quarter results.

SPOTLIGHT

Shares in Abercrombie & Fitch had their best day in more than a year after the teen clothing retailer said its profit climbed as it cut costs in the third quarter, and its sales were better than expected.

CENTERPIECE

iPhone’s echo effect

The specter of sinking iPhone sales is dragging down key Apple suppliers such as Lumentum Holdings, which makes the 3D chips for the facial recognition technology that Apple uses in the latest iPhones and iPad Pros.

STORY STOCKS

Deutsche Bank (DB)

Quest Diagnostics (DGX)

Qualcomm (QCOM)

Tech Data (TECD)

Express (EXPR)

Abercrombie & Fitch (ANF)

Tilly’s (TLYS)

Titan Machinery (TITN)

FUND FOCUS

American Funds EuroPacific Growth (AEPGX)

Despite some recent changes to its management lineup, this fund still has appeal and its overall portfolio hasn’t changed much, Morningstar says.

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