Stock futures fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.US Marketsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
Tesla was set for its seventh straight day of losses after more analysts joined the growing list of those concerned with its finances.Investingread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
With Tesla shares skidding, two experts weigh in on what could be next for the automaker and its volatile stock.Trading Nationread more
U.S. tariffs on Chinese goods are hurting an unintended target as the country's trade war with China rages on, a study by the International Monetary Fund found.Marketsread more
Papa John's founder John Schnatter has been selling his shares in the company but remains its largest shareholder.Restaurantsread more
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week.Economyread more
U.S. Secretary of State Mike Pompeo joined CNBC's "Squawk Box" on Thursday.Energyread more
Chipotle Mexican Grill is about to take a hit from rising prices due to African swine fever, according to BMO Capital Markets.Marketsread more
If your soccer dream team was an equity portfolio, which stocks would be in it? Bookmakers, sports apparel firms and travel companies seem a safe bet to profit from a large sporting event, but are they the best stocks to hold over the course of a competition?
Ahead of the UEFA Euro 2016 soccer tournament in France, CNBC checks in on the players that should be on your equity dream team.
Using quantitative analysis tool Kensho CNBC screened for the best-performing stocks during the previous UEFA championships if you bought on the first day and sold on the last day of the tournament. The Euro STOXX Healthcare sector is the surprise outperformer with an average return of over 2 percent during the last seven European soccer championships, with the star players being Smith & Nephew, GSK and Shire. That's at direct odds with the sector with the worst performance, technology, which posted an average loss of over 2 percent over the same time, and traded positive on only 45 percent of tournament days.
However, during the tournament itself these stocks underperform with both turning in an average of 3 percent in losses over the last three UEFA European competitions while Punch Taverns, one of the UK's largest pub companies, has seen its stock fall an average of 20 percent in the same timeframe although this has been compounded by financial headwinds.
Shares in rival JD Wetherspoon have fared better but still fall short of positive territory having dropped an average of over 1 percent during the last five championships. Another stock expected to perform well is the U.K.'s biggest sporting retailer Sports Direct, which posted an average loss of nearly 5 percent over the last two UEFA European Championships.
Official tournament sponsor Adidas is another stock that investors will watch closely. According to data from Colin Cieszynski at CMC Markets, the stock tends to falter during actual play and fails to perform as well as it does both before and after tournaments.
Investec Wealth & Investment said June could be a very good month for pub companies, and from an economic point of view, it could benefit U.K. travel and leisure stocks.
Investec did warn however that any boost to U.K. equities could grind to a halt if the U.K. votes to leave the European Union on June 23. Outside of the referendum,
English football fans certainly hope their team will still be in Europe come the end of the month and, as Mike Riddell from Allianz Global Investors said in a recent note, " it's not inconceivable that results on the football pitch could impact the vote if it is as closely run as the polls suggest. If England have a lesson taught to them in the group stage by the Russians, the Slovaks and Gareth Bale, who knows, it could be more than just the England football team that crashes out of Europe before the knockouts."
CNBC's parent NBCUniversal is a minority investor in Kensho.