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BC-APFN-Money & Markets Digest

August 24, 2018

Money & Markets modules for Saturday, Aug. 25

THE WEEK AHEAD

The Conference Board issues its monthly snapshot of U.S. consumer confidence Tuesday. The Commerce Department delivers its latest estimate of second-quarter U.S. economic growth Wednesday. Campbell Soup reports quarterly results Thursday.

SPOTLIGHT

Hibbett Sports nosedived after the retailer followed up a weak second quarter by slashing its forecasts for the rest of this year.

CENTERPIECE

Trump tariffs tarnish copper

Industrial metal prices have tanked this summer, as investors increasingly worry about the potential impact of President Trump’s tariffs on industrial goods and the escalating trade war with China.

STORY STOCKS

Hibbett Sports (HIBB)

Gap (GPS)

Autodesk (ADSK)

Ross Stores (ROST)

ConocoPhillips (COP)

Buckle (BKE)

Salesforce.com (CRM)

Arista Networks (ANET)

FUND FOCUS

Metropolitan West Low Duration Bond (MWLDX)

Although this fund has a “checkered past,” Morningstar says its process is stronger now thanks to a greater focus on liquidity and diversification.

For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). 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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