BC-Money & Markets Digest
Money & Markets modules for Thursday, May 16
Walmart and Nvidia report quarterly results. The Commerce Department delivers its monthly tally of new home construction.
Silicon Valley-based Agilent Technologies’ stock plunged after the maker of laboratory equipment reported lower profit and sales growth than Wall Street expected.
Sheltering from the trade war
Small cap stocks, which make a relatively smaller share of their revenue abroad than big cap peers, shouldn’t be seen as a safe haven from the market turbulence sparked by President Trump’s trade war with China.
The Progressive (PGR)
Werner Enterprise (WERN)
New Relic (NEWR)
Agilent Technologies (A)
Franklin Managed Income (FBLAX)
Morningstar has cut this fund to “Neutral” from “Bronze.” Its “team and strategy don’t provide advantages over rivals,” 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.