Year: 2018

Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. The billionaire and activist investor warned that Express Scripts, a pharmacy benefit manager, could face substantial regulatory risks and intense competition from Amazon. Cigna said in March that it would pay $52 billion for Express Scripts, a deal on which shareholders will vote Aug. 24. …read more […]

Shares of Alibaba (NYSE:BABA) have certainly not participated in the recent rally. After closing near the $200 level on July 25, reaching $197.98, BABA stock has fallen nearly 10% to $178.62 while the overall markets have headed higher in that time frame. Look for Alibaba to find support and begin to bounce near current levels. …read more […]

With U.S. sanctions on Iran going into effect, defense stocks could move higher as there are possibilities of military actions in the near future. …read more […]

National Security Advisor John Bolton on Iran sanctions, oil prices and North Korea. …read more […]

Home Depot’s (HD) robust earnings trend, focus on Pro Customers, core business strength and capital strategy are key positives. But, soft sales in the last-reported quarter hurts sentiment. …read more […]

The “Squawk on the Street” news team discusses Carl Icahn’s letter to Cigna shareholders about the company’s plan to acquire Express Scripts. …read more […]

Energy Transfer Partners (ETP) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. …read more […]

The blue-chip industrial is relying on its weakest segment in order to hit its implied target for 2020. …read more […]

This news should turn some frowns upside down. …read more […]