Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
J.P. Morgan economists said they now see a much slower economy in the second quarter, with growth of just 1%.Market Insiderread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses, writes Nomura.Marketsread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Rep. Chip Roy, R-Texas, has objected to a $19.1 billion disaster relief bill that was expected to pass unanimously Friday. The bill is likely to next be considered when...Politicsread more
If consummated, the deal would mark the latest in a flurry of activity in the payment technology space.Banksread more
The markets have been slow to recognize the high-stakes game that's playing out on the world stage.Economyread more
An altered video of House Speaker Nancy Pelosi made rounds on social media this week, which critics used to attack her mental state.Technologyread more
Stocks were headed for weekly losses on Friday as investors worry the U.S.-China trade war is hurting economic growth.US Marketsread more
One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the decision is not related to the intensifying...Marketsread more
President Donald Trump, his businesses and members of his family on Friday appealed a federal judge's decision that Deutsche Bank and Capital One can turn over years of...Politicsread more
RBC Capital Markets chief U.S. equity strategist Lori Calvasina shared her thoughts on where investors should look for outperformance in 2019 in an exclusive interview for CNBC PRO with Mike Santoli.
Calvasina explained that she's keeping an eye on the relatively cheap financial stocks, which she said appear more insulated from a number of macroeconomic headwinds.
"The financial earnings expectations are holding up very nicely. So that's what I'm really looking for, is where the downward shifts are and where the upward revisions are," Calvasina said last month. "And I can't really think of any major problems coming around the bend on financials and I think the valuations are very cheap. So that's a sector I have some comfort on."
Wall Street's big banks have fared well thus far in 2019 on the heels of lackluster performance in 2018. Goldman Sachs, Citigroup and Bank of America are all up at least 14 percent since Jan. 1. Large regional banks BB&T and SunTrust are also up big after the two announced their $28 billion merger earlier this week, the largest bank marriage in the post-crisis era.
The strategist was less sure on industrial stocks thanks to elevated profit expectations.
"When I look at industrials – this is one I'm neutral on. I've started to get interested in the valuations, but I'll tell you what's bothering me is that the margin expectations are still really high," she added. "It's one of the highest sectors in terms of the percent of companies where expansion is anticipated and the degree of expansion that is anticipated."
Calvasina also discusses: