Eds: Replaces Centerpiece
Money & Markets modules for Thursday, Aug. 15
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.
Macy’s skidded to its lowest level in nearly a decade after the department store chain slashed its profit forecast for the year.
Pension backstop under threat
A backstop meant to protect retirees if their private pension plan goes bust may need a backstop of its own.
Newmont Goldcorp (NEM)
Myriad Genetics (MYGN)
JPMorgan Chase (JPM)
Exxon Mobil (XOM)
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.
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