BC-APFN-Money & Markets Digest
Money & Markets modules for Saturday, Aug. 11
THE WEEK AHEAD
Home Depot reports earnings on Tuesday. Macy’s second-quarter results are due on Wednesday. Walmart publishes its quarterly results on Thursday.
Stock in Ruth’s Hospitality posted its biggest gain in five years after the owner of the Ruth’s Chris chain of steak houses posted strong second-quarter profit and raised its full-year guidance.
Here come the buybacks
August has traditionally been the hottest month of the year for companies repurchasing their own stock, and this month is expected to be the busiest year for buyback announcements in history.
Banco Santander (SAN)
Microchip Technology (MCHP)
Express Scripts (ESRX)
BBH Core Select (BBTEX)
The departure last month of manger Tim Hartch “isn’t cause for too much concern,” Morningstar says, noting that the key elements of its “Silver” analyst rating remain.
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