Thursday was a good day on Wall Street, with the broad-based S&P 500 climbing out of an early hole to gain about half a percent on the day. Concerns about the ongoing escalation of trade disputes evaporated in light of strong performance from the technology sector, which sent the Nasdaq Composite up sharply. Even with the broader gains, some stocks missed out on the market's optimism. Wynn Resorts (NASDAQ:WYNN), Red Robin Gourmet Burgers (NASDAQ:RRGB), and Teva Pharmaceutical Industries (NYSE:TEVA) were among the worst performers. Here's why they did so poorly.
Wynn loses in MacauShares of Wynn Resorts fell almost 7% after the casino resort giant reported its second-quarter earnings results. Most investors were concerned primarily about Wynn's poor showing in the key Asian gaming capital of Macau, which included a 15% drop in revenue from the older Wynn Macau resort. The newer Wynn Palace saw huge gains, but some analysts believe that excitement about the newer property could be taking sales away from the older one. Given the generally downbeat performance that other casino companies have posted for the period, Wynn's results aren't surprising, but they were a disappointment to those who'd hoped that it would be able to escape the big hits that some of its competitors have suffered recently.
Hot Casino Stocks To Own Right Now: PJT Partners Inc.(PJT)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on PJT Partners (PJT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
PJT Partners (NYSE:PJT) and MAN GRP PLC/ADR (OTCMKTS:MNGPY) are both finance companies, but which is the better stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, earnings, valuation, risk and dividends.
Hot Casino Stocks To Own Right Now: EQT Corporation(EQT)
Advisors' Opinion:- [By Stephan Byrd]
Texas Permanent School Fund cut its holdings in shares of EQT Co. (NYSE:EQT) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,546 shares of the oil and gas producer’s stock after selling 1,713 shares during the quarter. Texas Permanent School Fund’s holdings in EQT were worth $3,396,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Rhumbline Advisers cut its holdings in shares of EQT Co. (NYSE:EQT) by 2.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 443,664 shares of the oil and gas producer’s stock after selling 12,515 shares during the period. Rhumbline Advisers owned 0.17% of EQT worth $24,481,000 as of its most recent SEC filing.
- [By Matthew DiLallo, Jason Hall, and Tyler Crowe]
Tyler, Jason, and I (Matt here) were recently discussing why natural gas stocks have taken it on the chin over the past year. While some have been the victim of their own mistakes, shares of many of the country's largest gas-focused producers have lost value even though oil prices have been on the upswing. For example, the country's leading gas producer, EQT Corp. (NYSE:EQT), has seen its stock tumble more than 20%, while other large gas-focused companies such as Antero Resources (NYSE:AR), Cabot Oil & Gas (NYSE:COG), and Southwestern Energy have declined between 5% and 15% over the past 12 months. Those sell-offs caught our attention. Here's what we think is weighing down gas stocks these days.
- [By Joseph Griffin]
Canada Pension Plan Investment Board lowered its position in EQT Co. (NYSE:EQT) by 64.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,010 shares of the oil and gas producer’s stock after selling 320,100 shares during the period. Canada Pension Plan Investment Board’s holdings in EQT were worth $9,933,000 as of its most recent SEC filing.
Hot Casino Stocks To Own Right Now: Boardwalk Pipeline Partners L.P.(BWP)
Advisors' Opinion:- [By WWW.GURUFOCUS.COM]
For the details of Richmond Hill Investment Co., LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Richmond+Hill+Investment+Co.%2C+LP
These are the top 5 holdings of Richmond Hill Investment Co., LPGlobal Indemnity Ltd (GBLI) - 1,043,157 shares, 52.79% of the total portfolio. Boardwalk Pipeline Partners LP (BWP) - 713,267 shares, 10.61% of the total portfolio. Shares added by 15.69%Post Holdings Inc (POST) - 85,288 shares, 9.47% of the total portfolio. Shares added by 112.95%Advance Auto Parts Inc (AAP) - 49,106 shares, 8.53% of the total portfolio. Shares reduced by 20.97%American International Group Inc (AIG.WS) - 320,761 shares, 7.71% of the - [By Logan Wallace]
Get a free copy of the Zacks research report on Boardwalk Pipeline Partners (BWP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Shares of Boardwalk Pipeline Partners (NYSE:BWP) traded up 5.8% on Thursday . The stock traded as high as $10.31 and last traded at $10.26. 190,760 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,588,689 shares. The stock had previously closed at $9.70.
- [By WWW.GURUFOCUS.COM]
For the details of Richmond Hill Investment Co., LP's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Richmond+Hill+Investment+Co.%2C+LP
These are the top 5 holdings of Richmond Hill Investment Co., LPGlobal Indemnity Ltd (GBLI) - 1,043,157 shares, 52.79% of the total portfolio. Boardwalk Pipeline Partners LP (BWP) - 713,267 shares, 10.61% of the total portfolio. Shares added by 15.69%Post Holdings Inc (POST) - 85,288 shares, 9.47% of the total portfolio. Shares added by 112.95%Advance Auto Parts Inc (AAP) - 49,106 shares, 8.53% of the total portfolio. Shares reduced by 20.97%American International Group Inc (AIG.WS) - 320,761 shares, 7.71% of the
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