Money & Markets modules for Tuesday, Dec. 18
TODAY
The Commerce Department issues monthly data on new home construction. FedEx and Micron Technology report quarterly results.
SPOTLIGHT
Stock in insurers such as Molina Healthcare and other health care companies fell after a Texas judge ruled that the 2010 Affordable Care Act is unconstitutional.
CENTERPIECE
Adobe's acrobatic pivot
Adobe, the company that brought you Photoshop and the PDF file format, has made a huge transition since 2013, and now makes nearly 90 percent of its revenue from cloud-based subscription services.
STORY STOCKS
Molina Healthcare (MOH)
PG&E (PCG)
ABB (ABB)
Goldman Sachs (GS)
Fidelity Southern (LION)
Jack in the Box (JACK)
Deutsche Bank (DB)
State Street (STT)
FUND FOCUS
Berwyn Income Fund (BERIX)
Morningstar says this fund has "a disciplined process, below-average fees and good downside protection." It earns a "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.
