Notable ETF Movers of the Day 01/28: (OIH) Higher; (UNG) (XME) Lower
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Investors Cheer as Icahn Places Bully-Elbow on Neck of Transocean (RIG)
January 28, 2013 8:59 AM ESTJust days after trashing hedge fund manager Bill Ackman, activist investor Carl Icahn is back in the news on Monday. This time the so-called "bully" has his elbow in the chest of offshore oil driller, Transocean Ltd. (NYSE: RIG). Armed with his lawyers, Icahn intends... More
Goldman Sachs Downgrades AK Steel (AKS) to Sell
January 28, 2013 8:29 AM ESTGoldman Sachs downgraded AK Steel (NYSE: AKS) from Neutral to Sell with a price target of $3.00 (from $3.50).
The firm comments, "AKS's share price has risen by 20% in the last two months, almost twice the rate of its peers, which we do... More
Icahn Boosts Stake in Transocean (RIG) to 5.61%; Wants $4/Sh. Dividend
January 28, 2013 6:34 AM ESTIn a 13D filing on Transocean (NYSE: RIG), activist investor Carl Icahn disclosed a 5.61%, or 20,154,035 share, stake in the company.
From the 13D: "The Reporting Persons acquired the Shares in the belief that the Shares were undervalued at current levels. The Reporting Persons have had conversations with management of the Issuer and intend to have further discussions with management. The Reporting Persons strongly believe that the Issuer should return capital to shareholders and should declare a dividend of at least $4.00 per... More