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Citron's Andrew Left Thinks Netflix Got 'Ahead Of Itself,' Sees Stock Falling Below $300
Monday, March 12, 2018 - 1:31pm | 571Notable short seller Andrew Left of Citron Research isn't a fan of Netflix, Inc. (NASDAQ: NFLX) at the stock's current levels. What Happened Netflix's stock has seen a "historic run" but multiple factors don't support its valuation north of $300 per share, Left told...
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Goldman Sachs Investors Don't Seem Concerned About A Lloyd Blankfein Departure
Friday, March 9, 2018 - 2:59pm | 590Shares of Goldman Sachs Group Inc (NYSE: GS) initially moved lower on heavy volume after The Wall Street Journal reported the banking giant's CEO Lloyd Blankfein will step down by the end of 2018. Within minutes, the stock recovered and quickly rebounded to trade at session highs. What...
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Scaramucci Discusses Trump, Tariffs, And Cohn's Departure
Wednesday, March 7, 2018 - 4:48pm | 443U.S. stocks were sharply lower Wednesday with many attributing the sell-off to the resignation of President Donald Trump's chief economic adviser, Gary Cohn. What Happened Cohn provided the White House with an "enormous amount of value" in implementing Trump's tax reform, former...
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Bill Ackman Exits Herbalife, Builds New Stake In United Technologies
Wednesday, February 28, 2018 - 2:39pm | 465Bill Ackman had quite the hump day. The billionaire activist investor confirmed with CNBC his firm Pershing Square has been building a stake in the aerospace giant United Technologies Corporation (NYSE: UTX). He also said his five-year long short thesis on Herbalife Ltd. (NYSE: HLF) has come to an...
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What Happened At Herbalife That Would Boost Shares Higher By 8%?
Monday, August 21, 2017 - 9:51am | 536One of the most debated stocks over the past few years has been Herbalife Ltd. (NYSE: HLF) — but that conversation could soon come to an end as the company may be in talks to sell itself. Ivan Feinseth of Tigress Financial Partners told Benzinga last week that investing in Herbalife is no...
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Downtown Josh Brown: Twitter Is No Facebook, But Still Has Huge Potential
Friday, February 10, 2017 - 10:32am | 541"Downtown" Josh Brown is the CEO of Ritholtz Wealth Management and was a guest on CNBC's "Halftime Report" Thursday to offer his take on Twitter Inc (NYSE: TWTR) after the company's fourth-quarter earnings report disappointed investors. Brown acknowledged that he is still a shareholder of Twitter,...
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Cramer: Jack Ma's Meeting With Trump Is 'Comforting'
Monday, January 9, 2017 - 3:42pm | 266Jack Ma, the founder and executive chairman of Alibaba Group Holding Ltd (NYSE: BABA), met with President-elect Donald Trump on Monday to discuss the ecommerce giant's potential plans to expand to North America. According to Fortune, Ma said his company could end up hiring one million...
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Carl Icahn Defends His Holdings Amid Trump Advisory Role
Thursday, December 22, 2016 - 2:23pm | 304Carl Icahn was tapped by President-elect Donald Trump to serve as an adviser. As one of Wall Street's most notable and successful investors, Icahn certainly has a lot to contribute. His inside knowledge of how businesses can operate more efficiently and productively can be leveraged on the...
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6 Journalists Who Can Shake Stocks With Their Tweets
Tuesday, September 6, 2016 - 2:47pm | 531Twitter Inc (NYSE: TWTR) can be an extremely useful and tradable tool for investors, but only if you follow the right people. Sifting through the noise and rumor mill can make for a very difficult experience in the Twittersphere. Here’s a look at six writers and reporters that have the...
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Valeant's Bausch and Lomb: To Sell Or Not To Sell?
Friday, April 8, 2016 - 10:20am | 315As the world watches and waits for Valeant Pharmaceuticals Intl Inc (NYSE: VRX)'s next move, activist investor and new Valeant board member Bill Ackman says the move will not involve the sale of Bausch & Lomb. Ackman cleared up the Bausch & Lomb issue in an interview with CNBC...
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Keith Meister: Yum! Brands Is Well-Managed And Has Great Forward Opportunities
Monday, May 4, 2015 - 3:08pm | 383Yum! Brands, Inc. (NYSE: YUM) hit an all-time high of $94.13 on Monday. Shares of the company surged on back of comments made by Corvex Management founder and CIO Keith Meister at the Ira Sohn conference, revealing that his hedge fund owns $1.5 billion of Yum's stock. Additionally, Meister...
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Investor Robert Chapman Cuts Stake In Lumber Liquidators
Thursday, April 2, 2015 - 2:05pm | 126CNBC's Scott Wapner tweeted that activist investor Robert Chapman had cut his position in Lumber Liquidators Holdings Inc (NYSE: LL) EXCLUSIVE: Chapman reduces $LL position by HALF into today's rally. Had $30/shr cost-basis. Says margin contraction makes PE expansion hard —...
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Leon Cooperman Refutes Allegations Of Wrongdoing Against Omega
Thursday, March 26, 2015 - 1:44pm | 348CNBC reported on Thursday that hedge fund Omega Advisors, which has around $9.4 billion in assets under management, has sent a letter to its investors informing them that the fund has received a subpoena from the U.S. Securities and Exchange Commission and by U.S. Attorney's Office in New...
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10 People In Finance You'll Find In Detroit This Week
Wednesday, March 25, 2015 - 2:34pm | 1370Want to learn more about the Engage conference? Follow the event on Twitter: @engage_iies. America's Motor City will be flooded with financial expertise later this week for the Engage International Investment Education Symposium at Detroit's Cobo Center. In addition to panel...
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Herbalife Spikes Up Amid Report That Bill Stiritz Has Increased His Stake
Friday, January 23, 2015 - 1:48pm | 114Herbalife Ltd. (NYSE: HLF) spiked up approximately 3.5 percent shortly before noon Friday amid comments from CNBC’s Scott Wapner. Wapner commented that Post Holdings Inc (NYSE: POST) Chairman and CEO Bill Stiritz holds 8.2 percent of Herbalife’s stock and that Stiritz has not sold...