• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Wednesday, Oct. 16

    TODAY

    The Commerce Department issues its September snapshot of U.S. retail sales. Netflix and aluminum can maker Crown Holdings report quarterly results.

    SPOTLIGHT

    UnitedHealth shares jumped by the most in eight years after it raised its 2019 forecast and said the addition of hundreds of clinics to its health care services business contributed to a better-than-expected third quarter.

    CENTERPIECE

    Computer chip crunch

    Computer chipmakers have been paying a steep price for misreading the demand for smartphones and being overly optimistic about advances in still-developing areas of technology.

    STORY STOCKS

    Johnson & Johnson (JNJ)

    JPMorgan Chase (JPM)

    Charles Schwab (SCHW)

    American Tower (AMT)

    Whiting Petroleum (WLL)

    First Republic Bank (FRC)

    BlackRock (BLK)

    UnitedHealth (UNH)

    FUND FOCUS

    Oakmark (OAKMX)

    This fund has some "occasional rough patches," Morningstar says, but it "retains its appeal," and a "Gold" analyst rating.

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