And the s p 500 added 35 points. Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in many mutual funds and Retirement Plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is targeted by an activis
The nasdaq was up 73. And the s p 500 added 35 points. Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in many mutual funds and Retirement Plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is
Transcripts For CNBC Squawk Alley 20160122 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
At the center of those issues was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to
Was a Company Almost everybody knows. Ups. And wasnt good. Shares tumbled nearly 10 making it the worst performing stock on the s p 500. After the parcel shipping company closely watched because its viewed as the barometer of the health of the economy warned investors to expect weak Fourth Quarter results. The reasons . Unfavorable currency rates, volume fluctuations because of the west coast port disputes and those low oil prices . Well they arent helping as much as many believed they would and thats not all. Morgan brennan reports. Reporter United Parcel service delivering bad news to investors slashing its Fourth Quarter earnings forecast. The problem . Ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. But it did so at a big hit to the bottom line. Analysts say the shipping jienlt overcompensated. Ups for some time has been using prices to try to maintain its market share vers