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BC-Money & Markets Digest

October 9, 2018

Money & Markets modules for Wednesday, Oct. 9

TODAY

The Labor Department releases its producer price index for September, Fastenal reports quarterly earnings, and the Commerce Department reports on wholesale inventories for August.

SPOTLIGHT

PPG shares sank after the paints and coatings maker warned that weaker demand and higher costs will weigh on its third-quarter results.

CENTERPIECE

Rising housing costs bode well for apartment REITs

It’s a tough time for renters trying to make the leap to homeownership, and that bodes well for landlords.

STORY STOCKS

PPG Industries (PPG)

Papa John’s (PZZA)

Perrigo (PRGO)

Snap (SNAP)

Netflix (NFLX)

Nielsen (NLSN)

Helen of Troy (HELE)

Blackbaud (BLKB)

FUND FOCUS

Baron Asset (BARAX)

Morningstar calls this fund “a serviceable mid-cap option” that deserves its “Bronze” rating. Manager Andrew Peck applies a “patient, long-term approach.”

For questions about Money & Markets modules, please contact Seth Sutel (212-621-1618). 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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