Feds speak is bouncing us all around the block. Well get to that. Our road man begins with hails celestial, delaying 30 , citing an accounting review, reporting it does not expect to reach its anticipated sales in profit levels. Cramers off but hes going to call in on this one. Its also a huge week for retail. In the spotlight, home depot, we dig into the company and the positive out like. Well take a look at where we may go from here. Hails celestial announces it will delay its Earnings Report due to accounting issues. And simon is on mad money back in may when, he talked about hiring outside counsel, take a listen. Our business got a lot more complicated. What i decided to do is call some outside help. A little unlike to you do that. People thought maybe he need some help personally or whatever. All right. And with that i brought in some outside help and to come back and look at hain all of these Big Companies hire 0based budgeting. So what i decided to do was take a look, how do we
And Valeant Pharmaceuticals teaming up for allergan. Well explain. Novartis unveiling a Restructuring Plan amid a flurry of deals involving glaxo and lily totalling 28. 5 billion. Netflix says it will raise prices for subscribers as the jump in earnings pushes the shares in premarket and slew of dow components reporting, mcdonalds, United Technologies, we have it covered. Shares of allergan are surging as we said bill ackman backing pharmaceutical bid to acquire the maker of botox, valeant offering 38. 40 a share in cash. Since february, Ackmans Pershing Square amassed a 9. 7 stake in allergan, but all the discussion guys, today, is about the role of the activist investorer. The times calls it the boldest move yet from an activist. Absolutely. I hope to hear from david. We were going back and forth last night about how does someone kind of basically know theres going to be a bid and be allowed to accumulate stock. Classically that would be front money. If we had an sec that was on the
Blasted constantly by that get out now contingent continued. Dow climbing 65 points, s p gaining 4. 1 , nasdaq vaulting a full 4 . Despite this marks relentless assault, there have been whole sectors falling by the wayside, barely involved in the remarkable rally, including much of highgrowth tech,s well as the retailers, airlines, and worst of all, the bioteching. Whoa. These left for dead sectors burst back into the plus column today. Bolstered at last by true leaders, generals that took up the man tell. As theyve suffered that i beatdown. Perhaps most important these leaders demonstrated the hedge funds who had been shorting these stocks endlessly may have overstayed that i welcome. Yes, these groups that have been behaving lie virtual annuities have finally become hazardous to the short sellers health. They need to be covered. Who are these new leaders . Lets start with the most obvious battlefield promotion today. Netflix. Heres a stock that peaked in march. Since then its had a m
Up for sale. Heres brian schactman. Reporter i touched it yesterday. As a sox fan i touched the sock. Did you wash your hands is this. Do it like southie does. You criticize mine. Sock. Reporter even though its kind of odd, a long song with dried blood back. Those not in the know, want me to keep going like this, sul . 2004. Curt schilling pitched a sixinning world series gem on a damaged ankle so, dang it had bled through the sock, as you see. The sox ended up winning the title for the first time in 86 years. Need this little history level and the sock became an iconic symbol of it. Since retiring from a career in which he made 114 million schillings video game captain went bankrupt and hes selling the sock through heritage optics. Guess were not going to use the sound bite. Show is over. 64,000 is the current bid. Think it may get half a million. Thanks for joining us on street signs. See you tomorrow. Hi, everybody. We enter the final stretch on wall street. Welcome to the closing b
Operator: Greetings, and welcome to the Floor & Decor Holdings, Inc. First Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.