Staples Dips Down After Yesterday’s Surge

ClickSoftware Technologies Ltd. (NASDAQ:CKSW), Cyclacel Pharmaceuticals Inc. (NASDAQ:CYCC) and Walt Disney Co. (NYSE:DIS) are approaching market close well in the green this Wednesday. Ralph Lauren Corp. (NYSE:RL), Seventy Seven Energy Inc. (NYSE:SSE) and Staples Inc. (NASDAQ:SPLS), however, are in the red.

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Warren Buffett: If You Own A Good Business, Keep It

Berkshire Hathaway Warren BuffettBuying private businesses is easier than acquiring public firms, and investors should avoid selling good investments at all costs, according to the Oracle of Omaha, Warren Buffett. Q2 2020 hedge fund letters, conferences and more In an interview with CNBC in March 2013, Buffett was asked if he was looking at any businesses, in particular, Read More

Walt Disney Co. Gets a Boost on Quarter Numbers

ClickSoftware Technologies surged +12.48% after reporting quarterly earnings results this morning. The firm posted $0.11 in earnings per share and $34.50 million in revenue. A provider of software products and solutions for workforce management and optimization, ClickSoftware has been in George Soros’ portfolio since the third quarter of 2010.


Cyclacel Pharmaceuticals gained +9.79%, though it’s still down about -8% for the year. Wilbur Ross has held 116,000 CYCC shares across several quarters.

Walt Disney Co. gained +7.99% after reporting higher-than-expected profit and revenue for its first fiscal quarter of 2015. The company posted $13.4 billion in revenue and $2.2 billion in net income. Richard Chilton has 2.29% of his portfolio allocated to the global entertainment giant. David Tepper has 0.21% of his funds dedicated to the company as well.

Ralph Lauren Corp. Tumbles

Ralph Lauren Corp. tumbled -16.99% in the wake of its fiscal third-quarter earnings announcement. The New York-based company reported $215 million in earnings and a net income of $2.41 per share – below the expected EPS of $2.52. As of its most recent regulatory filing, Ray Dalio’s Bridgewater Associates holds 8,000 RL shares.

The share price of Seventy Seven Energy fell -13.62% as oil prices slid and news broke that Jeffries Group has lowered its price target on the stock from $9.00 to $7.00. The Chesapeake Energy spinoff has lost more than -80% since splitting in June.

Staples dipped -11.36% today, coming back down after skyrocketing yesterday. The company has announced plans to buy rival Office Depot in a deal valued at $6.3 billion. With 58,000 SPLS shares as of his most recent 13F filing, Ray Dalio stands to benefit from the deal.