BC-Money & Markets Digest
Money & Markets modules for Thursday, Nov. 29
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.
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.
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.
J.M. Smucker (SJM)
D.R. Horton (DHI)
Burlington Stores (BURL)
Western Digital (WDC)
Chico’s FAS (CHS)
Papa John’s (PZZA)
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.
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.