Pershing Square Capital

On Thursday, shares of Procter & Gamble (NYSE: PG), the world's largest consumer products company, jumped almost four percent on volume that was nearly triple the daily average on news that Bill Ackman's Pershing Square Capital has built a position in the company. Only time will tell what...

Bill Ackman, Pershing Square Capital's Founder and CEO, believes JC Penney (NYSE: JCP) has hit a bottom in terms of a slump in sales, and that the new strategy launched by new CEO Ron Johnson will pay off. Ackman is a JC Penney board member and told CNBC's Squawk Box that he is unfazed on what...

Santa Claus is coming to town soon, and some of these names may help your portfolio be naughty or nice. Brian Sozzi of Wall Street Strategies had a research report earlier with a list of retail names, and how they have reacted since the August 9th intraday low. He also has some thoughts on how...

There is big money in ninety-nine cents, and even a dollar. There was a report out this morning from the New York Post that private-equity firm Apollo Management would bid $22 to $24 for 99 Cents Only Stores (NYSE: NDN). As such, shares of the discount retailer are soaring on the news, as are...

Bill Ackman presented at the Delivering Alpha conference on Thursday, September 14, regarding his latest bet in the market. He revealed that his firm, Pershing Square Capital Management, bought call option on the Hong Kong dollar, betting that it would appreciate against the US dollar. His...

Pershing Square Capital's Bill Ackman is on CNBC's Squawk Box this morning and after discussing his trade on the Hong Kong dollar yesterday at the Delivering Alpha conference, he is talking about retail. Ackman said that retail is generally a tough business, a very risky business, which is why he...

Bill Ackman of Pershing Square Capital is at the Delivering Alpha conference sponsored by CNBC and Institutional Investor and he is saying he is long the Hong Kong dollar, saying it is severely undervalued. Ackman believes that that the Hong dollar will appreciate perhaps some 30%, as Hong Kong...

Warren Buffett certainly knows a good thing when he sees it. When Buffett, 81, announced earlier in the month he had a position in Dollar General (NYSE: DG), many thought it was a shrew move. After today's earnings beat, it looks like an even shrewder move. The Goodlettsville, Tennessee-based...

General Growth Properties Inc. (NYSE: GGP), the country's second largest shopping-mall owner is plunging today after it reported lower than expected earnings, as well as plans for a spin off of 30 properties. The Chicago-based real estate investment trust reported core funds from operations (FFO)...

Family Dollar Stores (NYSE: FDO) is set to report earnings tomorrow before the bell and Wall Street will be looking forward to hearing how rising commodity costs are affecting the company's key consumer. The North Carolina-based company is going to report its third-quarter fiscal 2011 results...

Bill Ackman may allow you to get a shot at investing in Pershing Square, even if you do not have the requisite capital to invest in a hedge fund. Ackman, according to the Wall Street Journal, is considering raising funds for a new fund by selling a portion of it through an IPO. Ackman is a value...

The broader markets are getting hammered, but one sector, the dollar stores, are holding up. Names like Family Dollar (NYSE: FDO), Dollar General (NYSE: DG), and Dollar Tree (NASDAQ: DLTR) are all hovering near the flatline, or slightly negative. This comes as the broader markets are all down...

Family Dollar Stores, Inc. (NYSE: FDO) shares are moving more than 2% after Bill Ackman and Pershing Square filed with the SEC that Pershing Square's stake in the company rose to 8.9% from 4.7%. At Ira Sohn, Ackman said that he had been buying shares of Family Dollar all day that day. Ackman said...

Best Buy Co., Inc. (NYSE: BBY) shares are jumping higher this morning, well off their session lows on rumors that Bill Ackman is going to file a significant stake in the company later today. Ackman spoke at the Ira Sohn conference last week and announced a position in Family Dollar (NYSE: FDO),...

Dollar General Corp. (NYSE: DG) shares are getting crushed in pre-market trading, down nearly 9% after the company missed earnings estimates by 2 cents this morning. The company reported quarterly earnings of 48 cents per share on $3.45 billion in revenues. Wall Street had been expecting earnings...