Date: Friday, February 28th, 2020
Source: Barron’s (https://www.barrons.com)
Summary: Activist filings with the SEC on Berry Global Group, Chipotle Mexican Grill, and three other companies
Full article address: https://on.barrons.com/2T8lPAb
$GE $WAB $UNP $SPX: Hope Eccles, the wife of Randal K. Quarles, the Federal Reserve Board’s vice chair for supervision, sold more than $1 million of GE stock a few days before the end of 2019, a newly public regulatory filing shows. She also sold up to $500,000 of GE…
$SPX $DJIA $LNC $AIG $WLTW: Insurers will start reporting earnings soon. Stocks in the sector have underperformed the broader market because of uncertainty about the fallout from Covid-19. Earnings estimates haven’t fall much yet.
$CEMB $AMOV $BABA $CEO $PBR: Debt from Chinese blue chips like e-commerce king Alibaba or state oil giant Cnooc has largely recovered from the coronavirus shock, and investors are looking at banks in countries like Brazil, Mexico, or Turkey, which can pull through despite distress.