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BC-Money & Markets Digest

February 1, 2019

Money & Markets modules for Saturday, Feb. 2

THE WEEK AHEAD

Walt Disney serves up quarterly results Tuesday. General Motors reports its latest quarterly snapshot Wednesday. The Federal Reserve issues its monthly tally of U.S. consumer borrowing Thursday.

SPOTLIGHT

Amazon said that the strong holiday season helped it reach a new revenue record, but the online shopping giant issued a modest forecast, drawing some concern from investors.

CENTERPIECE

IPO slowdown

Last month’s government shutdown resulted in the closure of most of the Securities and Exchange Commission, meaning companies that wanted to raise capital by selling shares to the public were out of luck.

STORY STOCKS

Amazon.com (AMZN)

Cigna (CI)

Dr. Reddy’s Laboratories (RDY)

Exxon Mobil (XOM)

Merck (MRK)

Symantec (SYMC)

Booz Allen Hamilton (BAH)

Honeywell (HON)

FUND FOCUS

Oppenheimer Equity Income (OAEIX)

A “lackluster” first year under new manager Laton Spahr means this fund keeps its Morningstar rating of “Neutral.” Spahr “still has to prove himself here,” Morningstar says.

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