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BC-Money & Markets Digest

March 26, 2019

Money & Markets modules for Wednesday, March 27

TODAY

The Commerce Department issues its snapshot of the nation’s trade deficit in January. Homebuilder Lennar and PVH Corp., owner of the Calvin Klein and Tommy Hilfiger brands, report quarterly results.

SPOTLIGHT

Shares in cruise line operator Carnival Corp. suffered their worst loss in three months after it said rising fuel costs and a strong dollar would squeeze its earnings this year.

CENTERPIECE

Screaming for streaming

Nearly 205 million people in the U.S. will watch streaming video this year, a 2.5 percent increase from 2018. YouTube, flush with free ad-supported video, is forecast to capture the largest share of these viewers, followed by Netflix, Amazon and Hulu.

STORY STOCKS

Bed Bath & Beyond (BBBY)

Carnival (CCL)

Anadarko Petroleum (APC)

IHS Markit (INFO)

Viacom (VIAB)

Tesla (TSLA)

Neogen (NEOG)

Beacon Roofing Supply (BECN)

FUND FOCUS

Virtus Vontobel Global Opportunities (NWWOX)

This fund’s portfolio has evolved since longtime manager Rajiv Jain left nearly three years ago. Its fee “is no bargain” but has declined, Morningstar says.

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