CDC Extends Eviction Moratorium

Plus: Two Big-Name Retail Plays, Free at Last You are receiving this limited-time email resource as a subscriber to Kiplinger's free e-newsletters. To unsubscribe at any time, simply click the link in the footer below. AUGUST 4, 2021 [View in browser]( HOW TO PROTECT AND GROW YOUR BUSINESS AND INVESTMENTS NOW The Centers for Disease Control and Prevention is extending a federal moratorium on evictions until Oct. 3 after Congress failed to act before the agency’s initial ban lapsed. The new moratorium is technically more targeted, applying only to counties where cases of COVID-19 are substantially rising; however, that means it will still cover more than 90% of American renters. --------------------------------------------------------------- SPONSORED CONTENT FROM BETTERMENT [Think In Years, Not Weeks]( Call us a modern financial company, but we think long-term investments are pretty sweet. Get in on the whole market--not just one stock. [READ MORE]( --------------------------------------------------------------- Such a move may not hold up in court, a point President Biden himself has conceded. Indeed, the Supreme Court made clear in a June decision upholding the eviction moratorium that future extensions would require “clear and specific congressional authorization.” Instead, the primary rationale appears to be to buy state and local governments more time to distribute billions of dollars in rental assistance to tenants who have fallen behind on rent because of the pandemic. On Tuesday, two of retail’s best-known brands began their lives as separate publicly traded entities. Columbus, Ohio-based L Brands split off its skincare and scents chain Bath & Body Works ([BBWI]( from Victoria’s Secret ([VSCO]( which includes Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty. The analyst set is now scrambling to provide coverage on the two entities, and out of the gate early is BofA Global Research, which rates both at Buy, but for very different reasons. BofA gives Victoria’s Secret a 12-month price target of $75, or 29% upside from Tuesday’s closing price, saying, “We view it as a promising retail turnaround and think that inexpensive valuation combined with new categories for growth make it a compelling investment.” But Bath & Body Works is straight-up just a growth story: “We believe the spin allows investors to own one of the most consistent growth stories in retail as a standalone company. ... Opportunities include natural and organic products in existing categories and new launches into adjacent categories such as skincare, hair care, and other home and wellness products.” BofA puts a $90 price target on Bath & Body Works shares, implying 36% upside over the next 12 months. Free download, [The Kiplinger Letter's Forecast](. No information required from you. SPONSORED CONTENT FROM BETTERMENT [All Your Finances, All in One Place]( When you can see the big picture, you can make big plans. View all of your accounts in one place with Betterment. [READ MORE]( LATEST INVESTING NEWS FROM KIPLINGER.COM [5 High-Yield Dividend Stocks for Healthy Income]( [The 10 "Real" Richest Counties in the U.S.]( [15 Home Features Today's Buyers Want Most]( [Kiplinger's Weekly Earnings Calendar (Aug. 2-6)]( [Sign Up for Kiplinger's Free Tax Tips E-Newsletter for Money-Saving Tax Planning and Tax Filing Compliance]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( Send this to a friend. [Click here.]( All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Kiplinger's A Step Ahead, a free resource to help readers navigate the economic recovery from COVID-19. If you ever wish to stop receiving this service, please [click here to unsubscribe](.