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BC-Money & Markets Digest

May 16, 2019

Money & Markets modules for Friday, May 17

TODAY

Deere & Co. reports quarterly earnings. The Conference Board issues its monthly index of leading economic indicators. The University of Michigan’s consumer sentiment index is also due out.

SPOTLIGHT

Gannett Co. shares slid after seeing off a challenge from a hedge fund that sought to take over the nation’s largest publisher by circulation.

CENTERPIECE

Pfizer’s new dawn?

Pfizer’s condition may be improving, thanks to approvals for new treatments and rising sales of lucrative drugs like blood thinner Eliquis.

STORY STOCKS

Walmart (WMT)

Iovance Biotherapeutics (IOVA)

Cisco Systems (CSCO)

Farfetch (FTCH)

Virtusa (VRTU)

Kemet (KEM)

Flowers Foods (FLO)

Agios Pharmaceuticals (AGIO)

FUND FOCUS

Hawaiian Tax-Free Trust (HULAX)

This fund’s “constrained process” “is comparatively expensive versus peers,” Morningstar says, leading to an Analyst Rating of “Neutral.”

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.