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.
