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BC-APFN-Money & Markets Digest

October 11, 2018

Money & Markets modules for Friday, Oct. 12

TODAY

JPMorgan Chase reports third-quarter results. The University of Michigan issues its latest survey of U.S. consumer sentiment. Business software company Anaplan makes its stock market debut.

SPOTLIGHT

L Brands’ shares jumped after the parent company for Victoria’s Secret and other retail chains reported strong sales trends and announced plans to divest its La Senza business.

CENTERPIECE

Facebook phones home

Facebook is launching its own smart-home device.

Such devices are in demand, but Facebook’s Portal debuts after months of growing mistrust in the social media service.

STORY STOCKS

Square (SQ)

L Brands (LB)

Fluor (FLR)

Delta Air Lines (DAL)

CVS (CVS)

Bank of America (BAC)

Kinder Morgan (KMI)

Crispr Therapeutics (CRSP)

FUND FOCUS

BlackRock Long-Horizon Equity (MDEGX)

This fund’s “new and evolving” management team earns it a “Neutral” rating, Morningstar says. Its focused portfolio includes 25-30 stocks, which courts “considerable risk.”

For questions about Money & Markets modules, please contact Paul Harloff (212-621-7592). 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.

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