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BC-Money & Markets Digest

November 28, 2018

Money & Markets modules for Thursday, Nov. 29

TODAY

The Federal Reserve releases minutes from its last rate-setting meeting. The Commerce Department reports consumer spending data for October. Dollar Tree reports its third-quarter results.

SPOTLIGHT

Jam maker J.M. Smucker Co. suffered its worst drop in three months after cutting its annual profit and sales forecasts following a weak second quarter.

CENTERPIECE

Companies cut back

U.S. businesses are slowing their spending on capital equipment — items like bulldozers, power generators and computers — a trend that is likely to hamper the economy in the last three months of the year.

STORY STOCKS

Tiffany (TIF)

J.M. Smucker (SJM)

Salesforce.com (CRM)

D.R. Horton (DHI)

Burlington Stores (BURL)

Western Digital (WDC)

Chico’s FAS (CHS)

Papa John’s (PZZA)

FUND FOCUS

Artisan Growth Opportunities (ARTRX)

The “deep team” and “prudent approach” of this global fund earn it a “Silver” analyst rating from Morningstar. Lead manager Jim Hamel has been with the fund since its founding in 1997.

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