Value investor Mason Hawkins loads up on GE and a surprising tech name

Value investor Mason Hawkins loaded up on General Electric in the second quarter, and also took up a stake in growth name Alphabet . Hawkins’ Southeastern Asset Management, which operates a suite of mutual funds called Longleaf Partners Funds, stepped up its General Electric shares by 12% last quarter, according to InsiderScore. In the three-month … Read more

What stock buybacks are, and how a new 1% tax affects your portfolio

U.S. President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Frantz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden‘s sweeping tax, health and climate package — adds a … Read more

Bed Bath & Beyond, Foot Locker and more

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for … Read more

Bed Bath & Beyond to drop to $3 after Cohen sale, potential debt restructuring, Telsey Group says

Bed Bath & Beyond’s latest meme stock moment won’t last, according to Telsey Advisory Group. The name shot higher this month as retail traders piled in, resulting in unusually high volume and outsized moves. Bed Bath & Beyond is up more than 250% in August, but was down 42% in extended trading Friday morning after … Read more

Deere, Foot Locker, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it successfully implemented price hikes but also faced higher costs. The company also … Read more

Bill Miller wagers on travel, taking stakes in Expedia and United Airlines

Value investor Bill Miller placed his bets on the reopening play last quarter after adding shares in Expedia and United Airlines . Miller added a new holding in travel name Expedia in the second quarter, according to a recent 13F filing. As of June 30, the investor held 616,700 shares totaling $58.5 million, according to … Read more

Paramount is worth the house of pain

Atkore Inc: “I’ve been fascinated by this. … I’m going to look into them deeper.” Paramount Global: “It is ridiculously cheap. I like the stock. … I think it’s worth the house of pain for the ultimate [house of pleasure].” Ammo Inc: “I don’t recommend these gun stocks. They don’t make anybody any money.” Zoetis … Read more

Jumbled economic booms and busts mean companies ‘can’t really plan,’ Jim Cramer warns investors

CNBC’s Jim Cramer on Thursday advised investors to accept that companies will most likely continue struggling to plan for the future as they adjust to quick, constantly-evolving changes in the economy. “In that kind of environment, you can’t really plan — you just have to guess,” the “Mad Money” host said. “And 2022 will be … Read more

Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more

A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat … Read more

BofA upgrades BJ’s to buy, says it will outperform in inflationary environment

It’s time to buy shares of BJ’s Wholesale Club , which is managing to outperform in a tough environment, according to Bank of America. Analyst Robert F. Ohmes upgraded BJ’s to buy from neutral and raised its price target, following strong results in the retailer’s second-quarter earnings report. BJ’s topped profit and revenue forecasts, according … Read more