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Search resuls for: "Nelson Peltz's"


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Disney is facing a proxy fight as Nelson Peltz's activist firm Trian Fund Management pushes for a seat on its board. Fox turned what was once a pristine balance sheet into a mess," Peltz said Thursday. On Thursday, the activist firm filed a preliminary proxy statement looking to put Peltz on Disney's board. Disney's board will now have 11 members. The activist firm said it owns about 9.4 million shares valued at approximately $900 million, which it first accumulated a few months ago.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nelson Peltz's track record speaks for itself Disney (DIS) faces a proxy fight as Nelson Peltz's activist firm Trian Fund Management vies for a seat on its board. What to look for in Wells Fargo's earnings Wells Fargo (WFC) reports fiscal fourth-quarter earnings before the opening bell on Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Here are the Thursday's biggest calls Wall Street: Credit Suisse upgrades AECOM to outperform from neutral Credit Suisse said the company is a key beneficiary of infrastructure stimulus. UBS reiterates Apple as buy UBS said it's sticking with its buy rating on the stock but is concerned about App Store revenue declines. Credit Suisse upgrades Boeing to neutral from underperform Credit Suisse said in its upgrade of Boeing that it sees "stronger aircraft deliveries." RBC names Meta a top 2023 pick RBC said it sees "multiple expansion" on the horizon for Meta shares. " Rosenblatt reiterates Disney as buy Rosenblatt said activist investor Nelson Peltz's push for a Disney board seat could help shares.
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Bed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. American Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. Logitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook. KB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. Cinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating.
At Nike, Parker engineered the company's direct-to-consumer push. During his 14 years as Nike CEO, the company's revenue nearly tripled. In 2017, as Nike CEO, Parker introduced the Consumer Direct Offense, an aggressive direct-sales push that's been a winner with Wall Street, although frustrating some on Main Street. While he was Nike CEO, Parker frequently used the phrase "always on the offense" to describe the company's aggressive approach to growing sales and market share. The company's stock climbed more than 760% during his CEO tenure, far exceeding the market.
The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz's attempt to join its board. Peltz's Trian Fund Management confirmed later it had nominated Peltz to Disney's board. Disney, Peltz said, had "lost its way resulting in a rapid deterioration in its financial performance." Trian wants to make operational improvements and reduce costs, according to the firm's announcement Wednesday. "Trian's objective is to create sustainable, long-term value at Disney by working WITH Bob Iger and the Disney Board," the firm said.
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.
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