S&P 500 2,362.60 -0.22
Gold$1,224.80 $5.30
Nasdaq 5,830.99 -29.64
Crude Oil $60,490.00      $-1570.00
Market Update

TJX Extends Earnings Win at Retailers, Dish Network Adds Pay-TV Subs
Feb 22, 7:55 PM ET 
Avista net and revenues increased 4%. Copart net jumped 18% on 17% increase in revenues. DISH Network net swung to profit. Morningstar net soared 89%. Southern Co net plunged 27% despite sales surged 45%. TJX net rose 2% and lifted earnings outlook. Wolverine net tumbled 84%.
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Airbus Net Hit On Military Plane Charges; Bayer Faces Monsanto Delays
Feb 22, 10:50 AM ET 
Airbus net tumbled 63% and the military contractor plans to renegotiate with European governments. Accor net jumped 9% after sales in France rebound. Bayer said it may face regulatory delays in completing Monsanto deal. Fresenius net surged 21%. Lloyds Banking net soared.
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STOCK MOVERS

U.S. Movers: Copart, DISH Network, Morningstar, Southern Co, TJX, Wolverine
Feb 22, 2:25 AM ET 
Avista net and revenues increased 4%. Copart net jumped 18% on 17% increase in revenues. DISH Network net...
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U.S. Movers: Burger King, Dillard's, Ecolab, Home Depot, Macy's, Wal-Mart
Feb 21, 11:18 AM ET 
Burger King agreed to acquire Popeyes for $1.8 billion Dillard''s net plunged 32%. Ecolab net surged 75%....
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U.S. Movers: Campbell Soup, Deere & Co, Fannie Mae, Nu Skin, Kraft Heinz
Feb 17, 1:53 PM ET 
Campbell Soup net tumbled on problems in fresh division. Deere & Co lifted net income forecast on expecte...
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U.S. Movers: Avon, Duke Energy, Hyatt, Marriott, Snap, Time, Verizon
Feb 16, 11:41 AM ET 
Avon plunged 16% after revenues declined 2%. Duke Energy net swung to a loss. Dean Foods plummeted 8%. Hy...
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U.S. Movers: AIG, Analog Devices, Agilent, Fortress, Fossil, Hilton, PepsiCo
U.S. Movers: Aetna, Discovery, Diebold, FLIR, T-Mobile, Watsco
U.S. Movers: Allergan, First Data, HCP, Insperity, Teva Pharma, Versum, WEX
U.S. Movers: ArcelorMittal, Activision, Expedia, Mohawk, NVIDIA, Ventas
U.S. Movers: Boeing, Cummins, Coca-Cola, Kellogg, Reuters, Yum! Brands
U.S. Movers: Cognizant, Exelon, Humana, Owens Corning, Disney, Time Warner
Mutual funds Q&A

High Yield in High Business Quality
Federated Institutional High Yield Bond Fund
Mark Durbiano, Thomas Scherr
“This fundamental belief — our willingness to enter into high-yield companies with greater debt but stron...

Higher Quality in High Yield Bonds
Angel Oak High Yield Opportunities Fund
Matthew Kennedy, James Hentges
“We designed the fund from the very beginning to invest in a broad array of high-yielding assets. It come...

Relative Value in High Yield Bonds
MassMutual Premier High Yield Fund
Sean Feeley
“Deep credit analysis is at the root of our philosophy and investment process, and nearly all of our outp...
MANAGEMENT TALK Q&A

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...

Evolving the Alternative Landscape
Dick Pfister
We provide access and we monitor alternative investment managers. This provides comfort to the investment...
Federated Institutional High Yield Bond Fund
Mark Durbiano, Thomas Scherr
“This fundamental belief — our willingness to enter into high-yield companies with greater debt but stronger and more stable businesses — often leaves us at odds with the rating agencies, where their focus is much more on debt leverage than on the underlying quality of the business.”
Angel Oak High Yield Opportunities Fund
Matthew Kennedy, James Hentges
“We designed the fund from the very beginning to invest in a broad array of high-yielding assets. It comes back to constructing a portfolio of high-quality issuers that we choose through the intensive fundamental research.”
MassMutual Premier High Yield Fund
Sean Feeley
“Deep credit analysis is at the root of our philosophy and investment process, and nearly all of our outperformance comes from credit selection.”
AB High Income Fund
Gershon Distenfeld
“As a result, our approach to generating income is both global and multisector, creative, and opportunistic. We have no problem going where other high-yield funds typically do not, for instance, outside the U.S., in emerging market debt, or in structured mortgages.”
Neuberger Berman High Income Bond Fund
Patrick Flynn
“What is consistent is our focus on credits we believe are capable of surviving entire cycles—companies, often larger issuers, featuring consistent cash flows, flexible cost structures, and liquidity options.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Jobless Claims 2017-02-23 8:30 AM
EIA Petroleum Status Report 2017-02-23 10:30 AM
Existing Home Sales 2017-02-22 10:00 AM
FOMC Minutes 2017-02-22 2:00 PM
Housing Starts 2017-02-16 8:30 AM
Jobless Claims 2017-02-16 8:30 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc