The fifth annual Delivering Alpha conference kicked off this morning in New York, and today’s conference lineup includes Pershing Square Capital Management’s Bill Ackman, Elliott Management’s Paul Singer, Trian Fund Management's Nelson Peltz and Icahn Enterprises LP IEP's Carl Icahn.
Already this morning, attendees have gotten some market-moving commentary from the conference. Here’s a breakdown of the Delivering Alpha news thus far.
Nelson Peltz
In addition Peltz had good things to say about Honeywell International Inc. HON and McDonald's Corporation MCD, explaining, “If I wasn’t in Wendy's, I might like McDonald's.”
Finally, Peltz added that he sees opportunities in China for companies like Mondelez International Inc MDLZ.
Bill Ackman
On the topic of China, Ackman said that the current environment is worse than the U.S. environment in 2007, but added that “long term, I think it’s a great story.”
Market Reaction
However, the biggest Delivering Alpha mover so far today is Macy’s, Inc. M, which is up more than 5.5 percent on Wednesday following Starboard CEO Jeff Smith’s declaration that he believes the stock is worth $125 per share.
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