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BC-APFN-Money & Markets Digest

January 3, 2019

Money & Markets modules for Friday, Jan. 4

TODAY

The Labor Department’s December jobs report is due today. Baker Hughes issues its weekly tally of oil and gas rigs. RPM International reports its second-quarter results.

SPOTLIGHT

Bristol-Myers Squibb Co. shares slid after the company said it plans to purchase cancer drugmaker Celgene for about $74 billion.

CENTERPIECE

Smartphone funk

Consumers are holding on to their phones longer before upgrading, and while numbers for the crucial holiday season are still weeks away, most analysts fear smartphones sales fell for the fifth consecutive quarter.

STORY STOCKS

Apple (AAPL)

Celgene (CELG)

Intel (INTC)

3M (MMM)

Realty Income (O)

Delta Air Lines (DAL)

Freeport-McMoRan (FCX)

Concho Resources (CXO)

FUND FOCUS

Janus Henderson VIT Balanced (JABLX)

This fund has suffered a lot of turnover among its analysts the last few years. “Stability in the analyst ranks would inspire more confidence,” Morningstar says.

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