Chipotle's stock has come a long way in the past month, climbing 14% near a one-year high. Now, ahead of Tuesday's after-market earnings report, Wall Street analysts and options traders are split as to whether the gains can continue. On...Show More Summary
Submitted by Nick Colas of Convergex Is Public Equity A Broken Concept David Einhorn’s proposal to GM that it split its stock into dividend and capital appreciation shares got us thinking about the bedrock principles of public equity ownership. Show More Summary
Brussels calls off the London Stock Exchange, Deutsche Börse wedding.
Greenlight Capital’s David Einhorn is certainly creative, but his stock split proposal for General Motors (GM) is a non-starter. This blog pointed out yesterday that GM is blowing off Einhorn’s suggestion the way Apple (AAPL) did with his ‘iPrefs’ idea. Now the rating agencies are expressing their disapproval. Moody’s and S&P have called the structure credit negative, says […]
AAPL rose over 2 percent on Tuesday to close at $143.80, a new all-time high. The stock also surpassed a per-share price of $1,000 when adjusted for Apple's 7-for-1 stock split in June 2014. Apple now has a market valuation of over $750...Show More Summary
The founder of hedge fund Greenlight Capital wants shareholders to pressure GM to offer one class of stock that would receive the car manufacturer’s current dividends and another that would be more growth oriented.
WSJ’s David Benoit and Mike Colias reported that Greenlight Capital’s David Einhorn is pressuring General Motors (GM) to split its common shares into two. One would pay a dividend and the other would entitle shareholders to all earnings and buybacks after paying out the dividend. David Einhorn at the World Series of Poker no-limit Texas Hold ‘em […]
Hedge fund billionaire David Einhorn wants the automaker to change its capital structure.
London - British fashion retailer French Connection Group reported a loss for the fifth straight year, prompting calls from activist investor Gatemore Capital Management to split up the company. The company’s stock rose 3.9 percent to 36.25 pence (R5.80) on the London Stock Exchange (LSE). Show More Summary
International Business Machines (IBM) is falling on Wednesday, a day after it held its investor day in New York. RBC Capital Markets’ had a quick take on the event yesterday, but more analysts are weighing in on the stock today.
These morning train reads reads are running like a fine-tuned machine, despite the fact, that I cannot get NSFW links approved:: • Three Reasons Why Warren Buffett Never Split Berkshire’s $250,000 Stock (MoneyBeat) • The Man Who Broke Ticketmaster: The most infamous ticket scalper of all time used bots to buy millions of tickets. Show More Summary
Wall Street has been warming up to the split of old HP, with both stocks outperforming major market indices, with HPE shares beating HP Inc. by a big margin.
Comcast has some goodies for investors in its Q4 earnings announcement this morning: The No. 1 cable company has raised its stock repurchase authorization to $12 billion, raised dividends by 15%, and plans a 2-for-1 stock split, which...Show More Summary
Shares of stock in Dryships, Inc. (NASDAQ: DRYS) were trading just over $1 on Friday, down more than 70% since the beginning of the year, after the company announced an 1 for 8 reverse stock split on Thursday. You may remember shares...Show More Summary
The split market continues as the tech stocks represented by the QQQ shine brighter than other stocks. The T2108 has fallen to 64% after being above 70 all last week. The T2108 measures the percentage of NYSE stocks that closed above their 40 day simple moving averages. Below is the daily chart of the T2108,... Read more...
Shares of Xerox (XRX) were one of the best performing stocks of this first day of trading of the new year, rising $1.14, or 21%, to close at $6.89, following completion of its IT services spin-out, the awkwardly named Conduent (CNDT),...Show More Summary
Xerox Corp.’s stock is basking in its first day of trading in 2017, following the legacy firm of the same name’s split into two publicly traded companies.
Tennis superstar Boris Becker will no longer coach Novak Djokovic after their partnership of three years produced six major titles and 122 consecutive weeks for the Serb as the No. 1 player in the world. It was clear that the relationship had run its course after Djokovic 's summer swoon and difficulties to regain his most dominant form. Show More Summary
Seoul - Samsung Electronics didn’t quite come out and actually say it, but South Korea’s most valuable company is probably going to split as soon as next year. Samsung’s stock reached its highest since going public in 1975 after saying...Show More Summary