BC-Money & Markets Digest
Money & Markets modules for Saturday, May 18
THE WEEK AHEAD
The National Association of Realtors issues its April tally of U.S. home sales Tuesday. The Federal Reserve releases the minutes of its last policymakers’ meeting Wednesday. Best Buy serves up its fiscal first quarter results Thursday.
Cray Inc. stock soared to a three-year high after the Seattle-based maker of advanced supercomputers said it was being acquired by Hewlett Packard Enterprise for about $1.3 billion.
Sanctions bite Iran
The recent decision by President Donald Trump to stop giving waivers from U.S. sanctions to certain countries that import Iranian oil is going to accentuate the country’s downturn, some experts say.
Skyworks Solutions (SWKS)
Applied Materials (AMAT)
Boot Barn (BOOT)
VanEck Emerging Markets (EMRYX)
Morningstar has upgraded this fund to “Bronze” from “Neutral.” It “can work for those who can handle its high volatility,” Morningstar says.
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.