Billionaire investor Nelson Peltz's Trian Capital offered to take Family Dollar private for between $55 and $60 in cash, valuing the discount retailer at as much as $7.6 billion, according to a regulatory filing.
According to CNBC’s David Faber, billionaire investor Nelson Peltz has approached Family Dollar on Tuesday with an offer to go private.
Neil Hennessy, portfolio manager and CIO of Hennessy Funds, expects stocks to continue rising for the rest of the year.
Alcoa has confirmed that the problem with stocks may be more about valuation than about fundamentals. CLSA put it simply after reviewing Alcoa's strong earnings: "We reiterate our Sell rating as we do not see upside from these levels."
Deborah Weinswig, a top retail analyst at Citigroup, reveals which stocks are worth looking at on this pullback.
Improving expectations for the economy also will change investor perspectives, likely sending them to companies that do better as the outlook improves.
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Stocks closed at new multi-year highs Wednesday to new multi-year highs as investors cheered a handful of positive economic reports about jobs and service sector growth, and commodities turned higher. AmEx and Disney rose, while Intel fell.
Stocks continued to rise in the last hour of trading to new multi-year highs on Wednesday as investors cheered a handful of positive economic reports about jobs and service sector growth, and commodities turned higher. AmEx and Disney rose, while Intel fell.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Heading into Thursday's batch of retail sales reports, expectations are high that retailers will report their strongest sales in four years. However, as BJ's Wholesale's report showed Wednesday, there are sure to be some misses here and there.
Every economic data point has come in better than expected this week: the ISM Index, Factory Orders, Construction Spending, ISM Services, the ADP Employment Change. Auto sales, on aggregate, also better than expected. After a sputtering couple days, all the big cap indices are again at new highs.
Stocks gained as investors began to take heart from a series of positive economic reports. Disney and AmEx gained, while Coca-Cola fell.
S&P futures popped 4 points as the December ADP Employment Change, which measures private sector job growth, was three times anticipated (297,000 vs. 100,000 consensus). If Friday's nonfarm payroll looks anything close to this, the improving trend in job growth will be undeniable.
U.S. stock index futures trimmed sharp losses after news of a surge in private sector jobs.
More companies are expected to raise their dividends come 2011, and the increases should be bigger, says Howard Silverblatt, Senior Index Analyst at S&P Indices.
Will Washington make like the Grinch and steal Christmas?
As shoppers hit the stores this Thanksgiving weekend, investors are likely to keep bidding up retail stocks even as some of those stocks hit multi-year or even all-time highs.
Consumers may be loosening up their purse strings a tad this holiday, but bargain hunting is out of the picture. In fact, shoppers can expect plenty of promotions and discounts as retailers battle it out in the vital closing months of the year. Lower price-point gifts will play a role in luring customers in and guiding their purchase decisions.
Here’s where the next leg of that move will come from.