Worst Stocks Of 2023’s First Half: Battered Banks And Vaccine Makers

The slump in energy, healthcare and utility stocks follows a year in which the three sectors were the only positive returners on the S&P. The energy sector gained 66% in 2022 as soaring oil and commodity prices led to record profits at oil and gas giants like Chevron and Exxon, whose shares each touched all-time highs last year. But the well’s run dry for the sector thus far this year as energy prices stabilized.

Pfizer and Moderna’s combined market capitalization is down some $260 billion from September 2021 as each reported 30% and 70% annual declines in revenue during 2023’s first quarter and forecasted further pain as the pandemic subsides.Small and mid-sized banks “will have a very difficult time moving forward,” Wells Fargo Investment Institute Sameer Samana said on a conference call last month, putting a sell rating for the regional banking stocks even after they plunged following prior failures.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Best And Worst Investments Of 2023: Bitcoin And Tech Stocks Surge As Oil TumblesThe return of Bitcoin: Despite warning sings, the crypto market has made a stunning rally in 2023.
Fuente: Forbes - 🏆 394. / 53 Leer más »

Best Stocks Of 2023’s First Half: Nvidia Leads Big Tech RenaissanceCompanies powering the generative AI rush are the top returners for all three major stock indexes this year.
Fuente: Forbes - 🏆 394. / 53 Leer más »

Best Stocks Of 2023’s First Half: Nvidia Leads Big Tech RenaissanceCompanies powering the generative AI rush are the top returners for all three major stock indexes this year.
Fuente: Forbes - 🏆 394. / 53 Leer más »

Investors Spurn Dividend-Paying Stocks as AI BoomsThe shares have suffered their worst first-half performance relative to nonpayers since 2009.
Fuente: WSJ - 🏆 98. / 63 Leer más »