BC-Money & Markets Digest
Sep. 04, 2018
Money & Markets modules for Wednesday, Sept. 5
The Commerce Department issues its monthly snapshot of the nation's trade balance. HD Supply serves up its latest quarterly results. The Mortgage Bankers Association reports its weekly tally of home loan applications.
Transocean shares sank after the offshore drilling contractor agreed to buy competitor Ocean Rig UDW for $2.7 billion including debt.
Housing costs surge
The combination of rising home prices and higher mortgage rates has been expensive for buyers: The increase is so substantial that it could tilt more people toward renting homes.
Ocean Rig UDW (ORIG)
TravelCenters of America (TA)
Western Digital (WDC)
State Street (STT)
Hotchkis & Wiley Mid-Cap Value (HWMAX)
This fund's contrarian bent still shows, Morningstar says, demonstrated by its "high volatility" and "long-term outperformance." It earns an analyst rating of "Bronze."
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