BC-US--Money & Markets Digest, US
Money & Markets modules for Wednesday, August 14
Macy's reports second-quarter results today. Investors will be looking for insight into the start of the back-to-school shopping season,
New brands boost Flowers
Acquisitions helped Flowers Foods in the second quarter. The maker of baked goods saw its profit rise 64 percent.
Investors are rethinking their bond strategies. In July, they pulled money out of taxable bond mutual funds for a second straight month. That's the first time that's happened since late 2008. In the five weeks ended July 31, investors withdrew an average $2.3 billion each week, following a net $44 billion in June. Muni-bond funds have recorded monthly net withdrawals since March.
US Airways (LCC)
J. C. Penney (JCP)
Eli Lilly (LLY)
Yum Brands (YUM)
Digital Generation (DGIT)
Janus Overseas (JAOSX)
Morningstar recently downgraded the fund's analyst rating for expected returns to bronze from silver because of the fund's record since the start of 2011.
QUESTION OF THE DAY
Priceline.com almost hit $1,000 last week. Does a high share price make you less likely to invest?
b) Makes me cautious
c) Not at all
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