Sarissa Capital Management chief investment officer Alex Denner spoke with CNBC Pro for an exclusive interview from the Delivering Alpha Conference in New York, and detailed his case for investing in Biogen. Like other shareholder activists, Denner’s approach focuses on improving the strategies of companies to unlock otherwise trapped equity value. Having previously served as
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Check out the companies making headlines after the bell: Shares of Google’s parent company Alphabet shot up more than 3 percent in extended-hours trading. The company beat analysts’ earnings estimates for its second quarter, posting $11.75 per share versus the $9.59 that was expected. Alphabet also beat analysts’ revenue expectations, generating $32.66 billion versus the
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For sophisticated bond market investors, no three words invoke more fear and debate than “inverted yield curve.” But many individual investors don’t understand inversion and why a healthy fixed-income market is so critical to their financial wellbeing. Articles about the risk of an inverted yield curve are popping up all over the place now and
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A popular protection strategy against the U.S.-China trade dispute may soon collapse. Mayflower Advisors’ Larry Glazer warned recently that a lot of investors are setting themselves up for pain by paying an “absurd and ridiculous premium” for small cap stocks. “Investors are fearful, and they’ve been positioning for the smallest stocks they can get their
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Forbes has made Kylie Jenner its new cover girl for self-made billionaire women. The trouble is, she’s probably not a billionaire. And she certainly isn’t self-made. On the cover of its “America’s Women Billionaires” issue, Forbes touts Jenner as the 21-year-old who is “set to become the youngest-ever self-made billionaire,” eclipsing Facebook founder Mark Zuckerberg,
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Zachary Karabell is concerned there’s too much fear on Wall Street, based on one particular question from his clients. “It’s ‘why aren’t the markets going down because there is so much negative news,'” the River Twice Capital president told CNBC’s “Trading Nation” on Friday. Karabell said it’s the most disconcerting question he’s getting, especially since
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Daniel Kalt appears in a private client meeting room at a branch of UBS, overlooking Lake Zurich. The Swiss bank’s regional chief economist and chief investment officer turns to look at me. I recognize his chiseled features, his slight smile and short hair, turning grey at the sides. But something is not right. Mr. Kalt
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