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☆ Dan Loeb says he's willing to wage a proxy fight against Bath & Body Works if necessary
▼ + stars: | 2022-12-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Third Point's Dan Loeb just raised his active stake in Bath & Body Works , and the investor said he's willing and able to launch a proxy fight. The stock is still down about 40% this year as the retailer struggled to turn around after L Brands spun off Victoria's Secret from Bath & Body Works in August 2021. Loeb said he believes that Bath and Body Works is not a mismanaged company, but there's a lot of room for improvement. Loeb said he's willing and able to wage a proxy fight if necessary, and that he thought it would be easy to win. However, Loeb added that a proxy fight wasn't his preference, and he'd like to give the new CEO a chance and try to work with the board.

☆ Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
▼ + stars: | 2022-12-08 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. Rent The Runway (RENT) – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. Kinder Morgan shares gained 2.1% in premarket trading. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated.

☆ Stocks making the biggest moves midday: GameStop, Dexcom, Cano Health and more
▼ + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Check out the companies making headlines in midday trading Thursday. GameStop — Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.

☆ Fact Check-Low quality version of photo of Biden on Delaware beach misleads on social media
▼ + stars: | 2022-12-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A low-quality image of U.S. President Joe Biden posing beside two young girls has been misinterpreted by users who claim that he was behaving inappropriately. This is evil.”The posts show a low-quality image of Biden posing for a photograph with two young girls. It is clearly a right hand due to the thumb placement and it cannot be Biden’s as his right hand is already placed on the shorter girl’s shoulder. Biden is photographed with his right hand on the shoulder of the right girl and left hand on the back of the taller girl. A low-quality photograph of U.S. President Joe Biden posing with two young girls has been misinterpreted online.

☆ U.S. pledges to ramp up supplies of natural gas to Britain as Biden and Sunak seek to cut off Russia
▼ + stars: | 2022-12-07 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

In this article ENEL-IT Follow your favorite stocks CREATE FREE ACCOUNTRishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022. Saul Loeb | AFP | Getty ImagesLONDON — The U.K. and U.S. are forming a new energy partnership focused on boosting energy security and reducing prices. Commenting on the plans, U.K. Prime Minister Rishi Sunak said: "We have the natural resources, industry and innovative thinking we need to create a better, freer system and accelerate the clean energy transition." "This partnership will bring down prices for British consumers and help end Europe's dependence on Russian energy once and for all." The news comes at a time of huge disruption within global energy markets following Russia's invasion of Ukraine in February.

☆ Disney’s board needs some magic
▼ + stars: | 2022-12-06 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 6 (Reuters Breakingviews) - Bob Iger has a knack for head-faking his way out the door. Iger served as chief executive of the $175 billion media giant from 2005 until 2020. That stands in contrast to Netflix’s board, where more than half of the directors come from the entertainment sector including former Disney executive Anne Sweeney. Follow @jennifersaba on TwitterloadingCONTEXT NEWSWalt Disney on Nov. 20 said Bob Iger is returning as chief executive officer, effective immediately. Iger, 71, served as chief executive from 2005 until 2020.

☆ An uphill battle could await activist Trian as the firm snaps up a stake in Disney
▼ + stars: | 2022-12-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Trian calls itself a "constructivist," implying a more friendly activist investor. Trian, like most activist investors, intends to be friendly and always starts off that way, and then it is up to the company to respond. The firm is an activist investor, plain and simple. On Nov. 21, The Wall Street Journal reported that Trian Fund Management took an approximately $800 million stake in Disney. In this situation, Trian seems to be looking for a board seat and is urging Disney to make operational improvements and reduce costs.

☆ As Wall Street strikes a bearish tone, these global stocks with margin growth could be safe bets
▼ + stars: | 2022-11-30 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

After what has been a tumultuous year for stocks, many investors are hoping that markets are at a turning point. Defensive stocks ArcelorMittal , the world's largest steelmaker, made CNBC's screen. The stock is rated buy by nearly 60% of analysts covering it, who give it potential upside of 26.3%. The company is expected to grow its margin by 17.9% next year and analysts give it potential upside of 23.4%. Analysts give the stock potential upside of 34.8%.

☆ Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
▼ + stars: | 2022-11-30 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

New York CNN Business —Bob Iger has a lot on his to do list in his second round as Disney’s CEO. Finding the next Bob Iger. Josh D’AmaroLet’s start with Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products, who took over that role from Chapek when he became CEO. Jimmy Pitaro & Dana WaldenThere also are two executives from Disney’s TV side: Jimmy Pitaro, chairman of ESPN and Sports Content, and Dana Walden, chairman of Disney General Entertainment Content. The next Bob IgerIs it even possible to replace Bob Iger?

☆ Corporate America is bracing for a rise in activist investing. Meet the 13 lawyers on speed-dial when companies and investors fight for boardroom control.
▼ + stars: | 2022-11-23 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Law firms including Olshan Frome Wolosky LLP and Schulte Roth & Zabel are go-tos for activist investors looking to change how companies do business. Kai Liekefett, who co-chairs Sidley's shareholder activism practice, last year successfully defended cloud company Box Inc. in a proxy fight by Starboard. Liekefett has also defended clients against major activist investors including Carl Icahn and Trian Partners. He has advised clients against major activist investors including Trian, Carl Icahn, Starboard Value and the billionaire Paul Singer. Lawrence Elbaum and Patrick Gadson, Vinson & ElkinsPatrick Gadson (L) and Lawrence Elbaum (R), co-heads of Vinson & Elkins' shareholder activism group.

☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic led to park closures and visitor restrictions. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. Disney did not respond to a request for comment on Trian and Trian did not respond to a request for comment. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

☆ Disney's Iger may have to cut costs as streaming loses money
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney Co (DIS.N) by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and appointing Iger, 71, to a two-year contract to return the company to growth. read moreThe move evoked other return engagements such as Steve Jobs' return to Apple and Howard Schultz's return to Starbucks in times of crisis. The most immediate target of that could be Disney+, the streaming service that Iger helped launch in 2019. Some brokerages have also raised concern on whether the two-year period Iger has agreed to return for would be enough to transform the business and find a successor.

☆ Disney offers an Iger solution to an Iger problem
▼ + stars: | 2022-11-21 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 21 (Reuters Breakingviews) - Bob Iger isn’t really the reset that Walt Disney (DIS.N) needs, but for now, he’s the reset the $180 billion media giant is getting. The board is mandating that Iger set the strategic direction of the company and find his successor. Reuters GraphicsFollow @jennifersaba on TwitterloadingCONTEXT NEWSWalt Disney on Nov. 20 said Bob Iger is returning as chief executive officer, effective immediately. He replaces Bob Chapek, who was named chief executive officer in February 2020, replacing Iger. Iger, 71, served as chief executive from 2005 until 2020.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. IGER'S RETURNSIger exited Disney on a high note as the company led the battle against Netflix in the streaming wars. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

☆ Disney's Bob Iger shocker is the latest sign that Wall Street is calling the shots at major companies. Here are 3 other titans that have felt activist pressure this year.
▼ + stars: | 2022-11-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Wall Street has increased its pressure on companies to get more efficient amid the ongoing stock market decline. Bob Iger's abrupt return to Disney as CEO this week is the latest example that investors are calling the shots. Corporate titans like Meta's Mark Zuckerberg and Alphabet's Sundar Pichai have not been immune to the pressure from Wall Street. Now, Disney is facing new pressure from Trian Fund Management's Nelson Peltz, according to the Wall Street Journal. These are three other companies that have faced pressure from investors recently as their stock prices suffer.

☆ Bob Iger is back. He's the steady hand that Disney needs as CEO to get it back on track
▼ + stars: | 2022-11-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Iger has committed to serve two years as CEO and agreed to help the board develop his eventual replacement, according to Disney. The Club's take Iger will be the steady hand Disney needs in this critical moment. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC

☆ Can Bob Iger fix Disney?
▼ + stars: | 2022-11-21 | by ( Frank Pallotta | ) edition.cnn.com time to read: +8 min

But If anyone can bring back the magic to the Walt Disney Company, the company believes Bob Iger may be uniquely qualified to do it. StreamingIn a shocking move, Bob Iger is returning as Disney's CEO. Disney’s streaming service — which includes ESPN+, Hulu and most importantly, Disney+ — had been the most vital part of the company’s vast media kingdom. In its statement reintroducing Iger as CEO, Disney said he was “uniquely situated to lead the company through this pivotal period.”Iger was instrumental in forming the modern Disney. With the media industry in turmoil, Disney hope Iger is up to the tall task of righting its ship.

☆ This week's best performers include several retail stocks and one exchange operator
▼ + stars: | 2022-11-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It hasn't been the best week for the broader market. Several retail stocks bucked the overall market trend, however, on the back of strong quarterly reports. Other retail stocks were also on pace to cap off a positive week. To be sure, not all retailers triumphed during this busy earnings week for the sector. While several retail stocks took top spots in this week's screen, the list offered some variety.

☆ TJX hits an all-time high as reason we own off-price retailer played out in the quarter
▼ + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding TJX Companies (TJX) reported stronger-than-expected fiscal third-quarter 2023 earnings and U.S. sales before the opening bell Wednesday, boosting shares of the off-price retailer by nearly 4% to an all-time high. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Speaking to the inventory glut at full-price retailers, TJX management said on their post-earnings call, "The marketplace is absolutely loaded with quality branded merchandise across good, better and best brands." That guide also represents a tightening around the $3.09 midpoint versus the $3.05 to $3.13 per share range provided with the prior quarter's release. This excludes new stores, stores closed permanently or closed for an extended period of time as well as e-commerce results.

☆ Stocks making the biggest moves in the premarket: Walmart, Vodafone, Getty Images and more
▼ + stars: | 2022-11-15 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Take a look at some of the biggest movers in the premarket:Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, and also saw comparable store sales exceed estimates. Vodafone (VOD) – Vodafone slid 4.1% in premarket trading after the mobile operator cut its earnings guidance and cash flow forecast, pointing to a challenging economic environment. Getty Images (GETY) – Getty Images slumped 11.8% in the premarket after its quarterly revenue fell short of Wall Street forecasts, although the visual content marketplace operator did see earnings top consensus. Energizer Holdings (ENR) – The maker of Energizer and Rayovac batteries saw its stock surge 10% in premarket action following better-than-expected quarterly results. Tencent Music (TME) – Tencent Music surged 9.7% in premarket action after reporting better-than-expected quarterly profit and revenue.

☆ Carl Icahn, David Einhorn, and Dan Loeb bet big on Elon Musk ultimately buying Twitter - and likely raked in profits when the deal closed
▼ + stars: | 2022-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn, Dan Loeb, and David Einhorn built sizeable stakes in Twitter last quarter. Icahn and his team amassed 12.5 million Twitter shares, valued at $549 million on September 30. Similarly, Einhorn's Greenlight Capital scooped up 4.3 million shares, worth $188 million at the end of last quarter. It snapped up 5.5 million shares worth $241 million on September 30. It also purchased bullish call options on 34,000 shares, and bearish put options on 1.1 million shares.

☆ Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street's expectations and raising its forward guidance. Retail stocks — Retail stocks rose following Walmart and Home Depot 's stronger-than-expected financial reports for the third quarter. Signature Bank — Shares of the crypto bank jumped more than 10% after Signature reported minimal exposure to FTX and any potential destruction that could come from its collapse. Sunnova Energy — Shares of solar company rose 7.5% after Deutsche Bank initiated coverage of Sunnova Energy, First Solar and Enphase Energy with buy ratings. First Solar was up 3.2%, and Enphase Energy rose 2%.

☆ Hedge funds were busy trading Club holdings last quarter, regulatory filings show
▼ + stars: | 2022-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

What's more, Third Point added to its bet on Disney (DIS), owning 1.4 million shares as of Sept. 30, up 40% compared with its position on June 30. That valued the position at roughly $700,000 as of Sept. 30, which is quite small for a multi-billion dollar investment firm like Trian. In August, the firm had reported owning 14.34 million shares as of June 30. They are current as of the reporting date, which for this latest round of disclosures was Sept. 30. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Dan Loeb’s Third Point builds stakes in retailers Bath & Body Works, TJX
▼ + stars: | 2022-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Daniel Loeb's Third Point disclosed new positions in retailers Bath & Body Works and TJX Companies in the third quarter, a new regulatory filing showed. The hedge fund built a $265 million bet in Bath & Body Works, making the retailer its sixth biggest holding at the end of the third quarter, the filing showed. Off-price retailer TJX has fared better,, with shares slipping only about 3% on the year. Loeb's largest positions: Consumer giant Colgate-Palmolive was Loeb's biggest position at the end of the third quarter, with a stake worth more than $800 million, the filing showed. Loeb took a $241 million stake on Twitter last quarter, betting that Elon Musk's takeover deal would go through.

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