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BC-US--Money & Markets Digest, US

BC-US--Money & Markets Digest, US

Money & Markets modules for Saturday, May 27

THE WEEK AHEAD

The Conference Board releases its May reading of consumer confidence on Tuesday. Hewlett Packard Enterprises reports its second-quarter earnings on Wednesday. The Labor Department reports its weekly tally of jobless benefit applications on Thursday.

COMPANY SPOTLIGHT

Lionsgate Entertainment shares jumped to a three-month high after the studio behind the "Hunger Games" films reported strong profit and revenue for its fiscal fourth quarter.

CENTERPIECE

Borrow and (don't) spend

Americans have run up debt to record levels, but it's going toward items like cars and education that don't provide as much support to the economy.

STORY STOCKS

GameStop (GME)

Costco Wholesale (COST)

Ulta Beauty (ULTA)

Deckers Outdoor (DECK)

Zoe's Kitchen (ZOES)

Caleres (CAL)

GGP (GGP)

Coty (COTY)

FUND FOCUS

Lord Abbett Income (LAGVX)

The fund "takes on considerable risks and has been vulnerable to sharp losses in rocky markets," Morningstar says. It rates the fund "Neutral."

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.