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BC-Money & Markets Digest

March 1, 2019

Money & Markets modules for Saturday, March 2

THE WEEK AHEAD

The Commerce Department issues its December tally of new-home sales Tuesday. Kroger serves up its fiscal fourth-quarter results Thursday. The Labor Department reports its latest monthly tally of hiring by nonfarm employers Friday.

SPOTLIGHT

Gap shares soared after the San Francisco-based clothing retailer announced plans to shut 230 stores and split off its Old Navy brand into a separately traded company.

CENTERPIECE

Retail defaults

The retail sector has had among the highest default rates across U.S. industries the last three years, but things might be improving.

STORY STOCKS

Gap (GPS)

Foot Locker (FL)

Dentsply Sirona (XRAY)

Tesla (TSLA)

Kirkland’s (KIRK)

Workday (WDAY)

Alarm.com (ALRM)

Caesars Entertainment (CZR)

FUND FOCUS

Royce Opportunity Invmt. (RYPNX)

New manager Bill Hench has shored up the team with two assistant comanagers, and the fund keeps its “Bronze” rating, Morningstar says.

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