Starting off the week on a high note are today’s midday gainers, Herbalife Ltd. (NYSE:HLF), Media General, Inc. (NYSE:MEG) and Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS). The losers are BioFuel Energy Corp. (NASDAQ:BIOF), dELiA*s, Inc. (NASDAQ:DLIA) and Novacopper Inc (NYSEMKT:NCQ).
Herbalife on the Upswing with Icahn Board Members News
Today’s top midday gainer is Herbalife Ltd. (NYSE:HLF), up +6.64% after revealing that activist investor Carl Icahn will get three more seats on the company’s board of directors (bring his total representation to five out of 13). George Soros also has a stake in HLF.
Alkeon expects data growth to surpass 5G’s capabilities by 2028 [Q4 Letter]
Alkeon Growth Partners wrote at length on tech stocks and why they are defensive in their recent letter to investors, which was reviewed by ValueWalk. The fund also highlighted 5G and other advanced technologies and the investment opportunities they offer. Q4 2020 hedge fund letters, conferences and more Artificial intelligence and machine learning The Alkeon Read More
Second is Media General, Inc. (NYSE:MEG), the price of which increased +2.98%. This Warren Buffett asset and television broadcasting giant is up on the heels of last week’s announcement of the acquisition of LIN Media.
Rounding out today’s list is Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), up +2.52%. The Edward Lampert holding is still benefitting from the news of its Lands End spin-off.
BioFuel Energy Price Adjusted
BioFuel Energy Corp. (NASDAQ:BIOF) dipped -13.04% midday today, likely a price correction after last week’s +80% jump. BIOF is in the investment portfolios of billionaires David Einhorn and Daniel Loeb.
Also having a rough start to the week is dELiA*s, Inc. (NASDAQ:DLIA), down -10.76%. The company released rather negative results on Friday, including decreased revenues in Q4. Over the past five days, the stock has shed -22.84% of its value, which is not good for shareholders Leon Cooperman and Tiger Global.
Third up is Novacopper Inc (NYSEMKT:NCQ), which dipped -8.63%. A Seth Klarman and John Paulson pick in the mining sector, NCQ had its target price raised last week.