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Dillard’s jumps more than 20% after one of Buffett’s investing lieutenants discloses personal stake

October 13, 2020

Dillard’s department store.

Source: Zereshk | Wikipedia

Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down more than 40% this year amid lackluster sales. In the latest quarter, however, the retailer reported a much smaller-than-expected quarterly loss thanks to inventory and cost control measures. Revenue, however, came up short.

Weschler, along with Buffett’s other protege, Todd Combs,

Dillard’s jumps more than 40% after one of Buffett’s investing lieutenants discloses personal stake

October 12, 2020

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Shares of Dillard’s jumped more than 40% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.
Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

Dillard's department store.

© Provided by CNBC
Dillard’s department store.

Shares of Dillard’s jumped 45% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

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The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down more than 40% this

Dillard’s jumps 15% after one of Buffett’s investing lieutenants discloses personal stake

October 12, 2020

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Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.
Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

Dillard's department store.

© Provided by CNBC
Dillard’s department store.

Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

Load Error

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down

Oil jumps on supply cuts in U.S. Gulf, wariness about North Sea, OPEC

October 9, 2020

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FILE PHOTO: the sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019.REUTERS/Angus Mordant

NEW YORK (Reuters) – Oil settled above $43 a barrel on Thursday on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway.

Markets rose sharply at noon on a Dow Jones report that Saudi Arabia is considering reversing course over OPEC’s planned production increase early next year.

Brent crude settled up $1.35, or 3.2% to $43.34, after falling 1.6% on Wednesday. U.S. West Texas Intermediate (WTI) crude added $1.24 cents, or 3.1%, to $41.19 after falling 1.8% on Wednesday.

Oil also gained support from the prospect of more production outages in the North Sea because of a workers’ strike. Oil firms

Oil jumps on supply losses, possible OPEC output reversal

October 8, 2020

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FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. . REUTERS/Angus Mordant/File Photo

NEW YORK (Reuters) – Oil rose to more than $43 a barrel on Thursday on support from output shutdowns ahead of a storm in the U.S. Gulf of Mexico and the possibility of supply cuts from Saudi Arabia and Norway.

Markets rose sharply at noon on a Dow Jones report that Saudi Arabia is considering reversing course over OPEC’s planned production increase early next year.

Brent crude rose $1.13, or 2.7% to $43.12 at 12:20 EDT (1515 GMT), after falling 1.6% on Wednesday. U.S. West Texas Intermediate (WTI) crude added 99 cents, or 2.5%, to $40.94 after falling 1.8% on Wednesday.

The Organization of the Petroleum Exporting Countries has been challenged by rising output in Libya, an OPEC member

Dow jumps 530 points as airline stimulus hopes lift transportation stocks to record

October 7, 2020

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Rep. Jim Jordan, R-Ohio, on stimulus, the president’s health status, Obamagate, social media and the push to break up big tech.

Stocks closed near session highs on Wednesday as investors bet a stimulus plan, full or partial, will come together after President Trump dialed back plans to scrap the talks.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	28303.46	+530.70	+1.91%
I:COMP	NASDAQ COMPOSITE INDEX	11364.598929	+210.00	+1.88%
SP500	S&P 500	3419.45	+58.50	+1.74%

The Dow Jones Industrial Average was up over 530 points or 1.9% while the S&P 500 and Nasdaq Composite rose over 1.7 and 1.8%, respectively.

Transportation stocks soared to a fresh record, as did consumer discretionary names, both would likely benefit from a stimulus deal.

Ticker	Security	Last	Change	Change %
XTN	SPDR SERIES TRUST SPDR S TR/S&P TRANSN ETF	60.77	+1.42	+2.39%
XLY	CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF	150.82	+3.37	+2.29%

Trump

FTSE 100 drops as oil prices fall on U.S. stimulus worries; Tesco jumps

October 7, 2020

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By Shashank Nayar

Oct 7 (Reuters) – London’s FTSE 100 slipped on Wednesday, as a fall in oil prices following U.S. President Donald Trump’s decision to halt negotiations with Congress for a U.S. stimulus knocked energy stocks, while Tesco gained after reporting a jump in sales.

The blue-chip FTSE 100 index .FTSE fell 0.2%, with energy .FTNMX0530 and insurers .FTNMX8570 leading the declines. The mid-cap index .FTMC was up 0.1%.

The energy index was also the biggest drag on the FTSE 100 as oil prices fell more than 1% on Trump’s decision and a larger-than-expected increase in U.S. crude inventories. O/R

“The market is in belief that there will be a stimulus package coming anyway irrespective (of) who wins the U.S. elections. However, investors are on the edge with continuing uncertainty on Brexit and have taken the view that they shouldn’t place long bets in this environment,”

Premier Oil jumps 24% after announcing a reverse takeover with Chrysaor, forming the largest independent North Sea oil-and-gas producer

October 6, 2020

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Shares in Premier Oil rose 24% after it announced a reverse merger with Chrysaor to form the largest independent oil and gas company in the UK’s North Sea.
Premiere, whose shares have tumbled 80% this year, will hold up to 23% of the combined company of which its shareholders will own about 6%. Chrysaor would own at least 77%.
American-born executive Linda Cook will be the CEO of the combined group, taking the number of women that hold the highest leadership positions at UK-listed oil and gas companies to two.
While Premier shares jumped 24% at the open, the company traded up 10% in mid-morning UK trading.
Visit Business Insider’s homepage for more stories.

UK’s Premier Oil jumped as much as 24% on Tuesday after announcing a reverse merger with Chrysaor Holdings, together forming the largest London-listed independent oil-and-gas company.

The deal would end a rough patch for

Stronger pound hits UK’s FTSE 100; Restaurant Group jumps

October 6, 2020

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By Shashank Nayar

Oct 6 (Reuters) – A firmer pound pulled down UK’s exporter-heavy FTSE 100 on Tuesday after three sessions of gains, while Restaurant Group surged after it forecast upbeat sales numbers.

The blue-chip index .FTSE dropped 0.5% and lagged its European peers, as the pound rose above $1.30 for the first time in three weeks with investors scaling back bets on UK interest rates turning negative. GBP/

Midcap stocks .FTMC rose 0.4% as gains in consumer and industrial firms outweighed losses in healthcare companies.

A survey showed Britain’s construction industry unexpectedly picked up speed last month, helped by a post-lockdown bounce in the housing market.

“The market is keeping trades on hold for now and is waiting out for more macro data, with traders also focussing on Prime Minister Boris Johnson’s speech and a parliament vote to lift pub curfews due later in the day,” said Keith

Kuwait’s Stocks Gauge Jumps While Gulf Peers Drop: Inside EM

October 4, 2020

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(Bloomberg) —

a band performing on a counter: Investors visit the Dubai Financial Market PJSC (DFM) in Dubai, United Arab Emirates, on Tuesday, March 10, 2020. The Middle Easts travel and business hub called on citizens and residents to avoid travel due to the coronavirus risk.

© Bloomberg
Investors visit the Dubai Financial Market PJSC (DFM) in Dubai, United Arab Emirates, on Tuesday, March 10, 2020. The Middle Easts travel and business hub called on citizens and residents to avoid travel due to the coronavirus risk.

Kuwait’s main equities index rebounded in the first day of trade since the end of a mourning period following the death of the country’s ruler. Most other markets in the Middle East declined.

The Boursa Kuwait Premier Market Index advanced as much as 3.2%, with National Bank of Kuwait, Kuwait Finance House and Ahli United Bank rising more than 2.9% each.

The index recovered from a slump in the four sessions through Sept. 29, when Sheikh Sabah Al-Ahmed passed away. The emir was succeeded by Crown Prince Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah, 83, a half brother who has served as interior minister and deputy chief of the national