Multiple stocks are lagging the market this year, but Wall Street says don't write them off yet — they could soon be due for a turnaround. The S & P 500 rose 3.1% in March alone, putting it 10.2% higher for the year. That performance also brought signs that the narrow market rally may be broadening out; the energy sector is ahead almost 13% so far this year, while financials have climbed almost 12%, both groups besting the the broad market's gains.
The S&P 500 rose 3.1% in March alone, putting it 10.2% higher for the year. That performance also brought signs that the narrow market rally may be broadening out; the energy sector is ahead almost 13% so far this year, while financials have climbed almost 12%, both groups besting the the broad market's gains.for stocks in the S&P 500 that might be positioned for a rebound this year.
Carnival posted mixed results for the first-quarter last Wednesday. Although its reported revenue of $5.41 billion fell short of the $5.43 billion forecast by analysts polled by LSEG, its adjusted loss per share of 14 cents was better than the 18 cent loss estimated by the Street. Management's guidance for the full-year matched Wall Street's expectations.
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