GO
Loading...

Whale Watching: Bill Ackman

Friday, 14 Sep 2007 | 12:07 PM ET

McDonald’s and Target – two stocks that surged Thursday – are both held by Wall Street Whale and activist investor Bill Ackman. Does he have the Midas touch, or are the moves merely coincidental?

Tomorrow's Headlines #2
McDonald's and Target, both held by investing whale Bill Ackman, surge today, and the Fast Money traders offer insights.

Ackman has a 9.6% stake in Target (TGT) and a 1.6% stake in McDonald’s (MCD). The news that sold TGT up was that the company said it may sell its credit card business, which is an item long-known to be high on Ackman’s agenda. The retailer seems to be responding to him, Karen Finerman said. But she thinks the McDonald’s dividend is “an old story for Ackman.”

Jeff Macke is skeptical that there is a direct cause-and-effect relationship between the investor and the decisions made at the very top of the company. Macke likes both stories, but Ackman is “hardly infallible,” he said.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On Sept. 13, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian is Long Build-A-Bear, is short Goldman Sachs (GS); Finerman is short Leap Wireless.

  Price   Change %Change
TGT
---
MCD
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report