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BC-Money & Markets Digest

August 20, 2018

Money & Markets modules for Tuesday, Aug. 21

THE WEEK AHEAD

Luxury homebuilder Toll Brothers, packaged foods maker J.M. Smucker and fashion retailer TJX Cos. report quarterly results.

SPOTLIGHT

Estee Lauder shares jumped to a nearly two-month high after the New York-based cosmetics giant reported strong profit and sales in its fiscal fourth quarter.

CENTERPIECE

Eating out

Americans are splurging at restaurants and bars this summer, with spending on eating and drinking out soaring by fastest quarterly increase since records began in 1992.

STORY STOCKS

SodaStream (SODA)

Estee Lauder (EL)

China Biologic Products (CBPO)

Infosys (INFY)

Tyson Foods (TSN)

Lannett (LCI)

Tesla (TSLA)

Intel (INTC)

FUND FOCUS

American Funds New World (NEWFX)

This fund’s skilled managers, conservative style and low price tag make it a “standout” option among emerging-markets funds, Morningstar says.

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