BC-Money & Markets Digest
Money & Markets modules for Wednesday, March 27
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.
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.
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.
Bed Bath & Beyond (BBBY)
Anadarko Petroleum (APC)
IHS Markit (INFO)
Beacon Roofing Supply (BECN)
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.
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.