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Banks, Lumen Technologies drag down Pelican State Portfolio

Por: The Advocate Business April 06, 2023

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The publicly traded companies that make up the Pelican State Portfolio were once again outperformed by the broader markets in the first quarter, as local bank stocks and Monroe-based Lumen Technologies all stumbled.The 19 businesses in the index were down 10.47% in the first quarter and 14.75% for the 12-month period ending March 31. In comparison, the S&P 500, which tracks 500 large companies, was up 6.64% for the quarter and down 9.29% since... + full article



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