• BC-Money & Markets Digest, 1st Ld-Writethru

    Updated:

    Eds: Replaces Centerpiece

    Money & Markets modules for Thursday, Aug. 15

    TODAY

    The Labor Department issues its measure of U.S. worker productivity for the second quarter. Walmart reports quarterly results. The National Association of Home Builders serves up its monthly snapshot of builder sentiment.

    SPOTLIGHT

    Macy’s skidded to its lowest level in nearly a decade after the department store chain slashed its profit forecast for the year.

    CENTERPIECE

    Pension backstop under threat

    A backstop meant to protect retirees if their private pension plan goes bust may need a backstop of its own.

    STORY STOCKS

    Macy’s (M)

    Newmont Goldcorp (NEM)

    Myriad Genetics (MYGN)

    Tilray (TLRY)

    Presidio (PSDO)

    Nvidia (NVDA)

    JPMorgan Chase (JPM)

    Exxon Mobil (XOM)

    FUND FOCUS

    Janus Henderson Contrarian (JSVAX)

    Manager Nick Schommer isn’t afraid to bet on underperforming firms, Morningstar says, but his short record with the fund warrants a “Neutral” rating.

    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.

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