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BC-Money & Markets Digest

June 14, 2018

Money & Markets modules for Friday, June 15

TODAY

The University of Michigan releases its consumer sentiment index for June. The Federal Reserve reports its May reading of industrial production. The Federal Reserve of New York issues its Empire State manufacturing survey for June.

SPOTLIGHT

Etsy made its biggest gain in three years after the Brooklyn online crafts marketplace raised its annual revenue forecast and said it will hike the fees paid by its users.

CENTERPIECE

Re-tweeted

Twitter rose last week when the social media company’s stock was added to the S&P 500 index. But that was nothing new: long a stock investors avoided, over the last year Twitter’s made an enormous rally.

STORY STOCKS

Royal Caribbean Cruises (RCL)

Etsy (ETSY)

Tailored Brands (TLRD)

Michaels Cos. (MIK)

Comcast (CMCSA)

Mylan (MYL)

Charter Communications (CHTR)

Nvidia (NVDA)

FUND FOCUS

Clipper (CFIMX)

This concentrated fund holds just 25 stocks or so and is benchmark-agnostic. “For investors who have a tolerance for risk,” Morningstar says, “the fund is worth a look.”

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