For Immediate Release
Chicago, IL-January 20, 2017-Zacks.com looks back on the hottest stories of the week featured in the Stocks in the News blog, where analysts and writers discuss the latest news and events impacting stocks, the financial markets, and the greater investing world.
Here are highlights from this week's Stocks in the News blog:
Founded in 2012, Blaze Pizza is one of the fastest-growing restaurants in the industry. It's a fast-casual pizza chain that prepares and bakes personal pizzas fresh-to-order in an assembly line fashion. Blaze's insane growth has put pressure on traditional pizza chains like Domino's DPZ and Papa John's PZZA .
Despite a relatively strong fourth-quarter earnings season, the banking sector took a beating on Tuesday. Some of the world's largest banks, including JPMorgan Chase JPM , Wells Fargo WFC , Bank of America BAC , and Goldman Sachs GS slid as investors appeared to have lost interest in the thriving industry. Banking stocks have been on an impressive run since the election, as President-elect Trump has repeatedly promised to deregulate Wall Street.
Back on Wednesday, shares of Target TGT fell throughout the day after the retailer reported disappointing sales during the recent holiday season. Target said that comparable sales fell 1.3% in November and December, and any gains seen in its online business were outshone by increased difficulty in getting customers into its stores.
Shares of Netflix NFLX were up more than 5.4% in trading on Thursday following the release of the company's fourth-quarter earnings report. While Netflix surpassed our consensus estimates for earnings per share, the real story is that the video streaming giant outpaced its own estimates for subscriber growth, especially in its international business.
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