2024-03-18 01:27:57 ET
Summary
- Third Point gains activist stake in Advance Auto Parts, causing the stock to jump.
- Those who buy high-quality assets at low prices benefit when billionaire activists enter the same companies.
- Positive developments for 3M include a new CEO, a healthcare spin, and a guidance upgrade.
General Outlook
On Tuesday afternoon, following the inflation report, I joined Nicole Petallides on the Schwab Network to discuss the general market outlook, Fed, Inflation, Hedging, Stocks, and more. Thanks to Nicole and Kaitlyn Crist for having me on:
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'Predator's Ball' Stock Market (And Sentiment Results)...