• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / U.S. Equity

Ackman Stake Gives Starbucks a Jolt: LIVE MARKETS BLOG

Starbucks shares are up more than 3% Tuesday, bringing the company into positive territory for the year.
By TONY OWUSU
Oct 9, 2018 Updated Oct 09, 2018 | 01:33 PM EDT
Stocks quotes in this article: PZZA, SBUX

Ackerman Stake Gives Starbucks a Jolt

Activist investor Bill Ackman just revealed that his Pershing Square hedge fund has a $900 million 15.2 million share stake in Starbucks (SBUX) .

News of the stake sent the company's stock jumping more than 3% Tuesday afternoon. Today's move brings Starbucks' stock out of the red for the year. 

Ackman revealed the firm's stake at Grant's Interest Rate Observer conference in New York. 


Reports of a Trian Takeover Sends Papa John's Soaring

Papa John's Inc. (PZZA) is up more than 7% Tuesday following reports from Dow Jones Newswires that activist hedge fund Trian Fund Management is considering a takeover of the company. 

Dow Jones also reported that there are numerous other suitors looking to take a bite into the beleaguered pizza chain. 

Nelson Peltz, founder of Trian, and Wendy's chairman invited ousted CEO John Schnatter to a meeting to discuss a possible sale this summer. While those talks didn't bear any fruit, it is not clear whether Wendy's would be a part of the take over. 


Premarket

U.S. futures are falling across the board Tuesday, including a triple digit fall for the blue chip Dow Jones.

Dow futures are falling 0.56%, indicating an open 148 points lower, while Nasdaq futures declined 0.62%, indicating an open 46 points lower, and S&P futures are falling 0.59%, indicating an open 17 points. 

In Asia, the Nikkei dropped 1.32%, the Shanghai Composite rose 0.17%, and the Hang Seng fell 0.05%. 

In Europe, the FTSE 100 declined 0.58%, the DAX fell 0.92%, and the CAC 40 dropped 0.56%, with about four hours left in trading. 

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity

More from U.S. Equity

Look for Further Digestion of the Market's January Gains

Guy Ortmann
Jan 25, 2023 10:21 AM EST

Here's our latest look at the market's charts and data.

Risk-On Aggression, Semiconductors Soar, Microsoft and ChatGPT, Charting the S&P

Stephen Guilfoyle
Jan 24, 2023 7:27 AM EST

It becomes more difficult to doubt this rally by the day. Still, I remember very tough Februarys that have followed strong Januarys.

Will Earnings Be the Catalyst That Produces the Next Market Pullback?

James "Rev Shark" DePorre
Jan 24, 2023 6:52 AM EST

The meat of earnings season starts Tuesday, and we will find out soon enough.

As Market Bounces, Plenty of Non-Believers Remain on the Sidelines

Guy Ortmann
Jan 23, 2023 9:45 AM EST

Demand for equities overtook supply as Fed fears seemed to relax a bit.

The 3 Top Dividend Kings for 2023

Bob Ciura
Jan 21, 2023 10:04 AM EST

These best-of-breed names belong to a select group of 48 companies that have raised their dividends for at least 50 consecutive years.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 03:06 PM EST BOB LANG

    LEAPS Webinar

    This week, I offered a free webinar session talkin...
  • 02:53 PM EST REAL MONEY

    LIVE EVENT: Chris Versace and "Sarge" Guilfoyle Share Their Stock Market Insights

    This Monday, Jan. 30, at 12 p.m., our very own exp...
  • 04:58 PM EST REAL MONEY

    The Latest AAP Podcast!

    Listen in as AAP Tackles Earnings, the Fed, Recess...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login