Market Overview

Ackman Vs. Icahn

Activist investor Carl Icahn further cut his stake in Family Dollar Stores (NYSE: FDO) Wednesday to below five percent according to regulatory filings.

The company agreed Monday to be acquired by Dollar Tree (NASDAQ: DLTR) for $8.5 billion, or $74.50 a share.

U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion.

The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a policy of keeping money easy for the near term.

Bill Ackman looks to have won another quarter in his battle against Carl Icahn.

Carl Icahn is not the only one to take profits on the Family Dollar (NYSE: FDO) and Dollar Tree (NASDAQ: DLTR) merger. Several sympathy stocks are in play, giving traders the opportunity to capitalize.

The much anticipated merger between Family Dollar (NYSE: FDO) and Dollar Tree (NASDAQ: DLTR) was announced Monday morning.

U.S. stocks rose as earnings season continues to impress with companies like Comcast, Chipotle Mexican Grill and Verizon reported positive results.

The National Association of Realtors reported existing home sales rose better than expected. helping propel stocks higher despite global uncertainty.

Fund manager Bob Chapman showed support for his biggest bet ever, Herbalife (NYSE: HLF), in a segment on CNBC Tuesday.

Chapman says that the stock is worth $300 and will hit $150 within a year.

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Shares of Herbalife (NYSE: HLF) began to decline on Monday as Bill Ackman appeared on CNBC for an interview about his presentation of the Pershing Square Capital Management probe into Herbalife.

EBay's (NASDAQ: EBAY) negatives and positives appear to balance out in the wake of its second-quarter performance, SunTrust analyst Robert Peck said Wednesday.

EBay's bottom line beat the consensus by a penny, although its revenue missed expectations by a whisker.

Activist investor Nelson Peltz made waves with comments at the Delivering Alpha conference regarding several stocks in which he has positions.

 

Pepsi

This weekend in Barron's online: summer bargain in retail, a special report on three top advisor teams, as well as the prospects for Johnson Controls, Orange, Rayonier Advanced Materials, Qualcomm and more.

Cover Story

"Retail On Sale" by Andrew Bary.

Seventy Seven Energy (NYSE: SSE) popped in Wednesday's after-hours trading after activist investor Carl Icahn divulged a 9.98 percent stake in the company.

U.S. stocks were slightly lower as investors digested a report by Goldman Sachs speculating that the Fed Funds rate may be increased in the third quarter of 2015, earlier than expected.

U.S. stocks were mildly higher as the second quarter comes to an end on Monday, before the markets pause for the Fourth of July holiday.

Economic data was light as investors showed little interest as consumer sentiment improved in June from May.

Rumors surrounding a merger between Family Dollar Stores (NYSE: FDO) and Dollar General (NYSE: DG) continue to circulate following the announcement that Dollar General's CEO is stepping down.

Richard Dreiling Announces Retirement

Shares of Dollar General (NYSE: DG) are selling off sharply following the announcement that CEO Rick Dreiling will step down from the company.

It has been over two weeks since Apple's (NASDAQ: AAPL) 7-for-1 stock split, and every investor that has purchased Apple shares since that day is under water.

Investors that purchased shares on the record date are now feeling some heat as well.

Shares of First Solar (NASDAQ: FSLR) started rocketing higher around 10:50 a.m. Monday, as rumors that the company would be acquired started flying around social media sites StockTwits and Twitter.

Family Dollar Stores (NYSE: FDO)k shares jumped nearly three percent after-hours Thursday on news that activist investor Carl Icahn wants the company "put of for sale immediately."

U.S. stocks rose as investors and traders digested comments from the Federal Reserve.

The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month.

Nuance Communications (NASDAQ: NUAN) spiked about 10 percent on a report that the voice-powered technology concern may be acquired by Samsung Electronics and private equity investors.

U.S. stocks closed the day slightly higher to close out the week as investor concerns over escalating violence in Iraq remains.

U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume.

The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday.

The big news Monday was Carl Icahn’s reported stake of 9.393% in Family Dollar (NYSE: FDO).

Shares of Family Dollar (NYSE: FDO) and Dollar General (NYSE: DG) are flying higher after Carl Icahn announced a 9.39 percent position in Family Dollar.

Shares of Family Dollar (NYSE: FDO) have rallied more than $5 in Friday's post-market session following surprising news out of Carl Icahn.

Team Icahn

Team Ackman