BC-US--Money & Markets Digest, US
Money & Markets modules for Saturday, April 1
THE WEEK AHEAD
The Commerce Department reports its monthly measure of the nation's trade gap on Tuesday. The Federal Reserve releases the minutes from a recent meeting of its policymakers on Wednesday. The Labor Department reports March employment data on Friday.
COMPANY SPOTLIGHT
Philadelphia-based agro-chemical group FMC soared to a three-year high after it was seen as coming out the winner in an asset swap with rival DuPont that will give a big boost to FMC's profits.
CENTERPIECE
Insurers that rely heavily on Medicaid, such as Centene Corp. and Molina Healthcare Inc., are breathing a sigh of relief following the collapse of a Republican health care bill that could have hurt their revenue.
STORY STOCKS
FMC (FMC)
WhiteWave Foods (WWAV)
TRC (TRR)
DXP Enterprises (DXPE)
BlackBerry (BBRY)
NantHealth (NH)
Amazon.com (AMZN)
Exxon Mobil (XOM)
FUND FOCUS
Virtus Global Opportunities (NWWOX)
The departure of manager Rajiv Jain a year ago was "certainly a loss," Morningstar says, and costs are "unappealing." Other strengths remain, so the fund keeps its "Bronze" 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.
