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Thursday, May 17, 2012 - 12:45pm
Ira Sohn Investment Conference Market Movers for Thursday
The annual Ira Sohn Investment Conference was held in New York on Wednesday. At the event, which supports the treatment and cure of pediatric cancer, many of the world's most successful hedge fund managers and other noteworthy investors pitch stock ideas to their colleagues. The investment ideas...
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Bill Ackman at Ira Sohn: Still Bullish on J.C. Penney
Wednesday, May 16, 2012 - 6:16pm
Hedge fund manager Bill Ackman spoke at the Ira Sohn Investment Conference on Wednesday after the market close. The Pershing Square founder said that he is still bullish on shares of J.C. Penney (NYSE: JCP), a company in which his fund has a large stake. He called the investment idea "contrarian"...
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Five Stocks to Watch for Ira Sohn
Tuesday, May 15, 2012 - 12:19pm
On Wednesday, several prominent money managers will speak at the Ira Sohn investment conference. Bill Ackman, David Einhorn, Jeff Gundlach, and John Paulson are all scheduled to speak, as well as 10 others. Traders should watch Benzinga tomorrow, as we will be providing real-time coverage of the...
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Friday, March 23, 2012 - 9:26am
Is the Chinese Yuan Setting Up to Trade Higher?
For the past few years, many have argued that a great currency trade was setting up: buy the Chinese yuan against the US dollar. The trading thesis generally goes like this: the Chinese currently suppress the value of the yuan to such a degree so as to make their exports the most competitive....
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Bill Ackman Bullish on the Economy and Housing
Thursday, March 8, 2012 - 9:23amPershing Square CEO, Bill Ackman, appeared on CNBC this morning discussing his investments and the housing market. Some of the the highlights of the interview: -Ackman Said Home Buying is Still Crimped by Fear of Job Situation -Ackman Thinks Situation in Greece is Priced into World Markets -...
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Tuesday, January 31, 2012 - 3:25pm
These 5 Value Stocks Could See Continued Gains
One of the key metrics that Warren Buffett likes to look at when evaluating a business is its return on equity. The metric measures the amount of net income a company generates as a percentage of shareholder's equity and is useful for long-term investors who take the Buffett approach of evaluating...
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Thursday, November 17, 2011 - 10:51am
Money Really Does Grow on (Dollar) Trees
After last quarter, it looked like money did not grow on trees. This quarter tells an entirely different story. Dollar Tree (NASDAQ: DLTR) reported much better than expected earnings this morning,. and shares are up as of the time of this article on the better than expected earnings, as well as...
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Monday, November 14, 2011 - 2:06pm
Higher Lowe's?
Maybe Bill Ackman really does know what he's talking about. Lowe's (NYSE: LOW) reported third quarter earnings this morning that beat Wall Street estimates, and shares are responding in kind, gaining more than 2% as of the time of this article. The Mooresville, NC-based company reported...
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Monday, November 14, 2011 - 10:49am
Is Penney's Worth a Nickel?
J. C. Penney Company (NYSE: JCP) reported third quarter earnings this morning that once again missed estimates, and shares are down almost 3% in early Monday trading. It also guided lower for the fourth quarter, the biggest shopping season of the year. The company reported third quarter earnings...
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Bill Ackman Long Calls on Canadian Pacific Railway
Monday, October 31, 2011 - 3:15pmShares of Canadian Pacific Railway (NYSE: CP) are trading lower on the session by 2.80%, at $62.76. This comes after Bill Ackman, hedge manager at Pershing Square Capital, reported a 12.2% stake in the railway with the Securities and Exchange Commission. Mr. Ackman has control over 20.6 million...
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