Investing

Financial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of
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Luke Sharrett | Bloomberg | Getty Images A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S.,  Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on
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Billy H.C. Kwok | Bloomberg | Getty Images People use mobile devices to take photographs of a fountain outside the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China, on Tuesday, Jan. 30, 2018. Casino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and
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The fanatical interest has also waned for other cryptocurrencies. Ethereum is down 40 percent this year, while XRP has dropped about 80 percent. Litecoin has fallen 64 percent, while bitcoin cash is down 70 percent in the same time frame. The entire cryptocurrency market has shed 57 percent of its value after starting January with
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P.F. Chang’s is looking for a new owner. Centerbridge Partners and the board of managers of Wok Parent revealed Friday they have retained Bank of America Merrill Lynch and Barclays to explore a possible sale of the Chinese food chain. “Given the positive performance of P.F. Chang’s Bistro and having received multiple unsolicited indications of
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Constellation Brands shares dropped on Friday after the company’s quarterly earnings missed expectations amid lower margins and rising marketing costs. The stock closed down 5.79 percent at $218.87 after the spirits company reported an adjusted quarterly profit of $2.20 per share for its first fiscal quarter, below a Thomson Reuters consensus estimate of $2.43. The
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Goldman Sachs and Morgan Stanley were forced to leave shareholder pay-outs at roughly last year’s level after fumbling a crucial part of the Federal Reserve’s annual stress test, while competitors from JPMorgan Chase to Citigroup were allowed to boost distributions. The New York-based investment banks were ensnared by the administration’s tax cut, which resulted in
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Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc., right, applauses during a news conference in Tokyo, Japan. Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised
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