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BC-APFN-Money & Markets Digest

December 28, 2018

Money & Markets modules for Saturday, Dec. 29

THE WEEK AHEAD

The Energy Department reports its latest tally of U.S. crude oil stockpiles Wednesday. The Labor Department issues its weekly figures on applications for unemployment aid Thursday and its snapshot of hiring in December by U.S. employers Friday.

SPOTLIGHT

Tesla stock rose after it named Oracle’s Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk.

CENTERPIECE

Shareholder salvos

Epic wildfires have raged in California this year, and a U.N. report on global warming issued a life-or-death warning. In the corporate world, that’s led to an increasing number of shareholder proposals related to climate change.

STORY STOCKS

Tesla (TSLA)

Sears (SHLDQ)

Cabot Oil (COG)

Philip Morris (PM)

CenturyLink (CTL)

AES (AES)

Lockheed Martin (LMT)

Wells Fargo (WFC)

FUND FOCUS

John Hancock Balanced (SVBAX)

Higher confidence in this fund’s “very experienced trio of comanagers” warranted an upgrade in Morningstar’s analyst rating to “Bronze.”

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