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Search resuls for: "Icahn Capital"


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Dividend stocks have come under pressure in today's higher interest rate environment as investors have turned to bonds with juicy yields. They all have a next-twelve-months price-to-earnings ratio lower than the index and a dividend yield higher than the index. It has a 4.3% dividend yield and has gained about 1% year to date. Another utility play, Exelon , has a 4% dividend yield and is also up less than 1% so far this year. Lastly, investment banking giant Morgan Stanley has slipped nearly 9% so far this year and has a 4% dividend yield.
Persons: Brian Belski, Belski, Hunter C, Gary, Exelon, Gilead, Morgan Stanley, Ted Pick, — CNBC's Michael Bloom Organizations: BMO Capital Markets, American Electric, American Electric Power, Icahn Capital, Gilead Sciences, Therapeutics Locations: U.S
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Carl Icahn won his push for seats on JetBlue Airways' board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake in the New York-based airline and that he was in talks for board representation there. The two new directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital. The JetBlue investment isn't Icahn's first investment in the airline industry. Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued.
Persons: Carl Icahn, Jesse Lynn, Steven Miller, Icahn, Joanna Geraghty, Geraghty, JetBlue hasn't Organizations: JetBlue Airways, Fort, Hollywood International Airport, Icahn Enterprises, Icahn, JetBlue, TWA, NYSE Arca, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, New York
Tripadvisor reported adjusted earnings of 52 cents per share on $533 million in revenue, while analysts polled by LSEG forecast 47 cents per share and $505 million. Separately, IFF posted third-quarter adjusted earnings and revenue that beat analysts' estimates. Coterra Energy posted adjusted earnings of 50 cents per share in the third quarter, while analysts called for 44 cents a share, per FactSet. The company also raised its expectations for full-year adjusted earnings before interest, taxes, depreciation and amortization. Fabrinet posted adjusted earnings of $2 per share on $685.5 million in revenue, while analysts polled by FactSet anticipated $1.85 per share in earnings and $659.2 million of revenue.
Persons: Tripadvisor, who's, Sanmina, headwinds, Fabrinet, FactSet, Darla Mercado Organizations: LSEG, Vertex Pharmaceuticals, Icahn Capital, Coterra Energy, Management, FactSet
Activist investor Carl Icahn on Thursday won enough support from Illumina shareholders to oust the biotech company's board chair. Icahn had urged shareholders to vote off the company's CEO, Francis deSouza, and Thompson from the nine-member board. Shareholders also voted to install one of Icahn's three board nominees, Andrew Teno, a portfolio manager at Icahn Capital LP, an entity where Icahn manages investment funds. Earlier this month, proxy advisory firm Institutional Shareholder Services recommended that Illumina shareholders back Teno. Icahn, who owns a 1.4% stake in San Diego-based Illumina, had proposed two other director candidates who are his current or former employees.
Biotech company Illumina pushed back Monday against Carl Icahn's proxy fight over the company's acquisition of cancer test developer Grail, saying the activist investor's board nominees "do not add value." "To paraphrase William Shakespeare's Hamlet, something is rotten in the state of Illumina," Icahn wrote. Illumina said winning a jurisdictional appeal would eliminate any potential fine and "gives the greatest optionality for Illumina to maximize value for shareholders." The company also claimed Icahn recognizes the value of Grail to shareholders, pointing to a CNBC interview last week where Icahn referred to Grail as Illumina's "best equipment." Illumina touted Grail in its release, saying it has "tremendous long-term value creation potential."
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