third point

U.S. stocks ended the week on a sour note as investors continue to sell many momentum names. Not helping the bull case was the much anticipated Jobs report number which failed to "wow" the market, coming in relatively in-line with expectations. The Dow suffered a triple digit point loss and...

U.S. stocks picked up where they left off on Friday and declined today as investors have plenty on their mind. With earnings being a mixed bag, investors are looking at emerging markets and economic data to support a bullish case for equities. On the emerging market front, investors remain...

FedEx (NYSE: FDX) on Monday announced that it would issue $2 billion of bonds to speed up its stock buyback plans. Back in October 2013, the company authorized buying back as much as 32 million shares. The buyback authorization represents the company's largest and most ambitious action to create...

Activist investor Carl Icahn has picked a new battle for 2014. On Friday, CNBC broke the news that Icahn is the investor that has amassed a stake of 30 million to 40 million shares in Hertz Global (NYSE: HTZ). On December 31, various media reports indicated that Dan Loeb's Third Point was behind...

As markets completed its final trading day of 2013, investors and traders can look back at what turned out to be a spectacular year for equities. U.S. stocks had its best year in over a decade fueled by an improving economy and the Fed's easy money policies. Commodities on the other hand have...

Third Point founder Dan Loeb revealed that his hedge fund has initiated a position in FedEx (NYSE: FDX). During a live CNBC interview with Deal Book's Andrew Ross Sorkin, Loeb indicated he likes the management, especially Fred Smith, the company's CEO. When pressed to describe his thoughts on...

Shares of Sotheby's (NYSE: BID) have surged about 3 percent in afternoon trade Monday following a 13D filing from Dan Loeb's Third Point LLC. Sotheby's shares are now trading around $47.60. The 13D filing from Third Point showed a brand new 5.7 percent stake, or 3.925M shares, in the art and...

Needham's Laura Martin downgraded Yahoo! Inc. (NASDAQ: YHOO) shares from Buy to Hold Tuesday morning, also removing the previous $31 price target. The analyst cited "implied higher risks" on the heels of Third Point's Dan Loeb selling half of his position in the company. Martin believes Loeb's...

Dan Loeb, the founder and CEO of Third Point LLC (a hedge fund with $12.9 billion AUM), has amassed a 6.5 percent stake in Sony (NYSE: SNE). Now he wants to break up the company in an effort to increase shareholder value. According to The New York Times, Loeb believes that a partial spinoff of...

Carl Icahn filed a quarterly 13-F after the closing bell on Thursday showing his firm's long equity positions. While his 13-F was largely unchanged versus last quarter, an SEC filing showed that the investor had accumulated a 12.98 percent stake in embattled multi-level marketer Herbalife (NYSE:...