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BC-US--Money & Markets Digest, US

BC-US--Money & Markets Digest, US

Money & Markets modules for Thursday, June 1

TODAY

Dollar General and Lululemon report financial results for their latest quarter. The Labor Department reports its weekly tally of applications for unemployment benefits.

COMPANY SPOTLIGHT

Shares in luxury retailer Michael Kors slumped to a five-year-low after it reported steep losses in its fourth quarter and said it would shutter up to 125 stores.

CENTERPIECE

Trump deal boosts military contractors

Defense contractors will likely reap the benefits of a $110 billion arms deal with Saudi Arabia for years, marking a sharp turnaround from the previous administration's limit on sales.

STORY STOCKS

Analog Devices (ADI)

Michael Kors (KORS)

Capital One Financial (COF)

Hertz (HTZ)

Williams (WMB)

Perrigo (PRGO)

Koppers (KOP)

Vera Bradley (VRA)

FUND FOCUS

AllianzGI NFJ Dividend Value (PNEAX)

This fund had a subpar performance last year, warranting a downgrade in Morningstar's analyst rating to "Bronze" from "Silver." Morningstar says it remains a "solid choice."

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.


Updated : 2022-05-20 10:24 GMT+08:00