Most Sold By Activist Hedge Funds

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Follow this list to discover and track the stocks that were sold the most by activist hedge funds in the last quarter.

13 Symbols

American City Business Journals
PHOTOS: Lowe’s employees at Mooresville HQ build beds for needy kids
Five teams of 100 Lowe's workers built a total of 100 bunkbeds and matched them with mattresses to be donated to needy children in the Charlotte region. Lowe’s teamed up with Sleep in Heavenly Peace, a nonprofit based in Twin Falls, Idaho, for the event.
GuruFocus.com
Urbem's 'Wonderful Business' Series: Tractor Supply
A rare thriving brick-and-mortar retailer Continue reading...
Simply Wall St.
Are Starbucks Corporation (NASDAQ:SBUX) Investors Paying Above The Intrinsic Value?
How far off is Starbucks Corporation (NASDAQ:SBUX) from its intrinsic value? Using the most recent financial data...
Investopedia
United Technologies Poised for Gains in New Decade
United Tech stock has broken stubborn resistance in the $140s, setting the stage for superior returns in 2020 and beyond.
Zacks
The Zacks Analyst Blog Highlights: ExxonMobil, Starbucks, Diageo, Fidelity National Information Services and Colgate-Palmolive
The Zacks Analyst Blog Highlights: ExxonMobil, Starbucks, Diageo, Fidelity National Information Services and Colgate-Palmolive
Zacks
Zacks Value Trader Highlights: XOP, CNX Resources, Matador Resources, Pioneer Natural Resources and Diamondback Energy
Zacks Value Trader Highlights: XOP, CNX Resources, Matador Resources, Pioneer Natural Resources and Diamondback Energy
Zacks
5 Dividend Stocks That Possess Strong Growth Potential
Although the dividend growth stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.
Investopedia
8 Consumer Stocks That Will Lead the 'Late Cycle' Bull Market
Morgan Stanley offers their top picks in several categories of consumer stocks, as consumer spending remans the strongest part of the U.S. economy.
Zacks
5 Blue Chip Stocks to Buy on the Dip for a Stronger Portfolio
As stock market volatility continues, the blue-chip index is showing fluctuation. However, a closer look into the index reveals that not all stocks are erratic.
Bloomberg
SoftBank to Have ‘Last Laugh’ on WeWork Deal, Bernstein Says
(Bloomberg) -- SoftBank Group Corp.’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.”Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. He likens WeWork’s business model to Starbucks’s, where branding, consistency and global scale give it an advantage over the competition.Lane argues WeWork can achieve profitability if it pulls back on extraneous areas and calms a frenetic pace of expansion to focus on filling up existing space. That will allow it to grab an estimated 8% of an emergent market for pre-fitted offices for corporate clients, almost like a white-label tech gadget or home appliance.“We think investors should think of the basic business as being similar to Starbucks,” Lane wrote in a 21-page research report. “While profitable, the scale of profits that can be generated from a single site is small. Starbucks as a corporation only makes sense if you plan to open thousands of outlets.”It’s a contrarian take on a WeWork deal that has been widely viewed as a fiasco. After SoftBank invested in the co-working startup, its planned initial public offering fell apart as investors balked at its enormous losses and conflicted governance. Son conceded “there was a problem with my own judgment” as he announced the writedown last month. SoftBank has put about $14 billion into a startup that’s now valued at less than $8 billion.The Japanese company’s shares are down about 30% from their peak in April. They were little changed on Friday.After discussions with management, Lane explains they see an opportunity for WeWork to move beyond the niche of providing space for entrepreneurs to offering flexible real estate for a broad range of companies. He calls this “managed space as a service” and compares it to “software as a service,” which is the way many companies now buy from Microsoft Corp. and Salesforce.com Inc. WeWork, Lane says, sees the potential to make $500 per month on memberships as “an on-going annuity,” far more than software generates.SoftBank named Marcelo Claure, the former chief executive at Sprint Corp., executive chairman of WeWork and put him in charge of the turnaround effort. Under his leadership, Lane says the company will be able to focus on profitability by stopping any incremental expansion, filling its existing space and slashing overhead by getting rid of expansion staff and non-core businesses. WeWork’s ability to gather data about office-use and optimize layouts -- while not entirely substantiated -- could prove disruptive to the industry, he added.He estimates that WeWork’s revenue will rise from $720 million a quarter to about $1.5 billion if it can push occupancy to 90% on its current portfolio. Once profitable, WeWork will once again try to go public, perhaps in 2023, and then raise additional capital to resume expansion, albeit more slowly than before.With a discounted cash flow model, Lane projects WeWork would have an enterprise value of $28.8 billion in 2025. That would make SoftBank’s 80% stake worth about $19.1 billion, roughly 40% more than the estimated $13.8 billion the company and its Vision Fund have invested.“We believe WeWork’s valuation is justified if you believe in the long-term, ‘office space’ will be a managed service outsourced to professionals – and that WeWork will be the leading global player,” Lane wrote. “Despite the huge embarrassment WeWork has been for SoftBank this year, we suspect SoftBank will have the last laugh when they bring the company back to market in a few years – bigger and profitable.”(Updates with shares in the sixth paragraph.)To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Financial Times
Luckin Coffee/Starbucks: frothy latte
China’s rival to the US chain has none of these but offers cheaper coffee, quick mobile payments and home deliveries. This has been enough for Luckin Coffee to quintuple customer numbers in the third quarter. Luckin expects to overtake Starbucks, with 4,650 stores by the year end.
GuruFocus.com
Bill Ackman's Pershing Square: 3rd-Quarter Update
The hedge fund’s biggest moves of the third quarter, with shareholder letter excerpts Continue reading...
Zacks
Top Stock Reports for ExxonMobil, Starbucks & Diageo
Top Stock Reports for ExxonMobil, Starbucks & Diageo
Barrons.com
Companies Are Merging Like Mad. That Might Signal a Looming Economic Slowdown.
The volume of global M&A has already reached $3.6 trillion this year, according to data from Dealogic. As history has shown, it takes just one big signature Merger Monday to symbolize hubris and excess—and it may already have happened.
Simply Wall St.
Is There An Opportunity With Lowe's Companies, Inc.'s (NYSE:LOW) 26% Undervaluation?
How far off is Lowe's Companies, Inc. (NYSE:LOW) from its intrinsic value? Using the most recent financial data, we'll...
Zacks
Why Is Diamondback (FANG) Up 4.4% Since Last Earnings Report?
Diamondback (FANG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks
Energy Stocks: Values or Traps?
Many of the exploration and production stocks are hitting new multi-year lows. Are they cheap or is this another false bottom?
Zacks
The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy
The Zacks Analyst Blog Highlights: Diamondback Energy, Pioneer Natural Resources, Callon and Parsley Energy
Kiplinger
Tops for 2020: The 5 Best Industrial Stocks to Buy
While frequently overlooked, industrial stocks held their own throughout 2019 and appear to be in strong position heading into 2020.The ongoing U.S.-Chinese trade war hasn't exactly been easy for American industrial companies, which on average derive more than a third of their revenues from China, and many of which order supplies from the country as well. Nonetheless, the Industrial Select Sector SPDR Fund (XLI) actually boasted slightly better returns than the S&P; 500 year-to-date through Dec. 3. The sector is set up to beat the Street next year, too.Barry Bannister, head of institutional equity strategy at Stifel Nicolaus, suggesting that investors buy into cyclical stocks such as industrials while shedding defensive plays. "Although we see (more than) 5% further for the S&P; 500 into 2020, we see twice that return, or plus 10%, for a long-cyclical/short defensive industry trade in the same period," he writes.Given that industrial stocks still face trade risks, however, investors are (rightfully) seeking out the crème de la crème - those stocks poised to continue outperforming through 2020 and beyond. One way to separate the wheat from the chaff is to focus on the names Wall Street analysts are standing firmly behind.Here are the five best industrial stocks to buy for 2020. We've used TipRanks' Stock Screener to zero in on five industrial-sector companies that are receiving robust support from the Street, earning a "Strong Buy" consensus rating. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
Zacks
ORKLY vs. UTX: Which Stock Is the Better Value Option?
ORKLY vs. UTX: Which Stock Is the Better Value Option?
Zacks
IQV vs. SAIL: Which Stock Should Value Investors Buy Now?
IQV vs. SAIL: Which Stock Is the Better Value Option?
Bloomberg
Starbucks Discloses Gender and Racial Pay Gap: There Isn’t One
(Bloomberg) -- Starbucks Corp., for the first time, is disclosing how much less women at the coffee chain earn than men in the U.S.: zero dollars. That’s in contrast to the nation’s workforce overall, in which women make on average 19% less than men. Starbucks also says it has no racial pay gap.Starbucks joins Citigroup Inc. in reporting figures for median pay, a rarity among U.S. companies, which are not required to release diversity data publicly. The U.K. has required organizations to report such data for workers since 2018. There, women at Starbucks make 5% less than men. Globally, its female employees make 98.3% of what men do.“Starbucks has been focused on diversity and equity for a long time, and you can see it in their numbers,” said Natasha Lamb, managing partner at Arjuna Capital, which pressures companies to reveal pay data for greater gender equality. “But having little to no adjusted or unadjusted gender pay gaps really sets them apart.”Starbucks’ parity shows not only that women get “equal pay for equal work” but also that they have achieved as many high-paying roles as men.“Pay equity has long been a priority at Starbucks,” said Bailey Adkins, a spokesperson for the chain. “We’ve done serious work to ensure women and men are compensated fairly.”Pressured by Arjuna, some of the biggest banks and tech companies have disclosed the pay gap between men and women doing the same work—often referred to as pay equity. Companies have resisted sharing their median pay gaps, which could be embarrassing. After Citigroup reported that women at the bank earn 29% less than men, its peers chose not to follow. In the U.S., the bank also pays people of color 7% less than their white co-workers.On Wednesday, Microsoft Corp.’s shareholders voted down a measure calling for median pay disclosure. Arjuna says it will file resolutions at more than a dozen technology, financial and retail companies for the 2020 proxy season. It withdrew its proposal from Starbucks.\--With assistance from Leslie Patton.To contact the reporter on this story: Jeff Green in Southfield, Michigan at jgreen16@bloomberg.netTo contact the editors responsible for this story: Rebecca Greenfield at rgreenfield@bloomberg.net, Philip GrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, American Express and Kimberly-Clark
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, American Express and Kimberly-Clark
Yahoo Finance Video
Getting TECHNICAL: Starbux (SBUX) perking up
Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action in the SPDR S&P 500 ETF (SPY) as well as Starbucks.
Yahoo Finance Video
A New York coffee startup hired philosopher to change culture
A New York based coffee start up has hired a philosopher in an attempt to change the corporate culture.