Activist hedge fund manager Bill Ackman once again finds himself in a battle with some of Wall Street’s heavy hitters. Ackman’s Pershing Square recently took an 8 percent ownership stake in Automatic Data Processing ADP 0.01% and nominated three directors to join ADP’s board.
After gaining 40 percent year-to-date, the steep ascent for Heico Corp HEI 0.14% may finally be over, and one Wall Street analyst thinks the stock has finally reached cruising altitude.
NVIDIA Corporation NVDA 6.32% has been one of the hottest stocks in the market in recent years, soaring more than 750 percent in the past three years alone. But while some analysts and investors believe Nvidia’s valuation has expanded to troubling levels at this point, at least one analysts says these types of concerns are crazy.
L Brands Inc LB 0.32% was hammered Thursday after the company disappointed investors with its second-quarter earnings report. Not everyone on Wall Street was disappointed by what they saw from the company, however. MKM Partners analyst Nehal Chokshi says investors should be jumping on the opportunity to buy L Brands on the dip.
Sometimes, when it seems things couldn’t possibly get any worse for a stock, it’s actually the best time to buy.
Walt Disney Co DIS 0.63% shares have been drifting lower by more than 7.7 percent since the beginning of the month, and some investors have attributed much of the weakness to the company’s recent announcement that it is pulling its content from the Netflix, Inc. NFLX 0.15% platform and launching its own streaming service. According to Loop Capital analyst David Miller,…
President Donald Trump has been under fire for his comments in the days following a deadly white nationalist rally in Charlottesville, Virginia, Aug. 12. Trump initially tweeted his press conference coverage, in which he stated “both sides” were to blame for the violence that broke out at the protest, and followed up with a statement on Tuesday…
The latest channel checks by Bank of America suggest Advanced Micro Devices, Inc. AMD 2.12% is gaining some traction with its latest-generation chips. According to analyst Vivek Arya, AMD’s new line of Ryzen processors is gaining momentum based on early sales at online retailers such as Amazon.com, Inc. AMZN 0.55% and Best Buy Co Inc BBY 0.39%. If AMD maintains its positive momentum following…
The latest round of 13-F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Here’s a rundown of how the smart money was playing some of the most popular stocks last quarter.
The eight-year bull market rally has continued in 2017, but somebody forgot to tell the oil and gas industry. The Energy Select Sector SPDR (ETF) XLE 0.24% is down 15.8 percent in 2017, but at least one Wall Street firm believes now is finally the time to buy a handful of exploration and production stocks, as well as certain MLPs.