Share This: NEW YORK (Reuters) – Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday. Bill Ackman (rockstar hedge fund manager, CEO of Pershing … Continue reading
Share This: HIGHLIGHTS Apple : Canaccord Genuity, Stifel adjust target price SunTrust Banks : KBW ups to outperform from market perform; target to $46 from $41 Dollar General Corp : Jefferies raises to buy from hold L Brands Inc : Oppenheimer raises to perform from underperform – Theflyonthewall.com Idenix Pharmaceuticals … Continue reading
Share This: Stocks Tick Higher as Global Data Eyed and Irag concerns Persist. The U.S. equity markets are modestly higher in early action, rebounding slightly from yesterday’s declines, with the Street digesting some global data, while concerns toward the escalating tensions in Iraq continue to keep conviction in check and … Continue reading
Share This:Thursday 06/12/2014[BRIEFING.COM] The stock market ended the Thursday session on a broadly lower note after spending the entire trading day in the red. The S&P 500 fell 0.7% with eight sectors posting losses, while the Nasdaq (-0.8%) underperformed. Equities slumped out of the gate following some disappointing economic data … Continue reading
Share This:06/11/2014 Energy Sector Showing Relative Strength 1:30 PM ET, 06/11/2014 – Briefing.com [BRIEFING.COM] The major indices remain under selling pressure with the Dow probing its worst levels of the day. Every sector is trading lower with the exception of the energy sector (+0.2%). Although oil prices are basically flat … Continue reading
