Wall Street Breakfast January 23: Activist Elliott Management Reportedly Takes Stake in Salesforce
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 23 January 2023
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, January 23rd, and I'm your host Julie Morgan. Our top stories. |
| 0:14.0 | Elliot management has accumulated a multi-billion dollar stake in sales force, |
| 0:19.0 | this after another activist investor disclosed its stake in October. |
| 0:23.8 | Its catalyst to watch Monday. |
| 0:25.6 | We've got a little company called Tesla |
| 0:28.0 | that everybody's gonna be looking at. |
| 0:29.3 | In addition to Tesla, Seeking Alpha Senior Managing Editor Kim Khan gives us a rundown of the other companies |
| 0:36.4 | reporting earnings this week. |
| 0:38.8 | And more tech layoffs to tell you about, this time Spotify is reportedly downsizing and the announcement is expected soon. |
| 0:46.6 | U.S. stocks regained their footing on Friday, ending the day higher following a recent down draft. The NASDAQ ended up 2.7%. |
| 0:56.0 | The S&P 500 closed up 1.9% and the Dow finished up 1%. All 11 S&P sectors finished in the green. This included a nearly 4% advance in the |
| 1:07.3 | communication services sector, helped by Netflix. Consumer discretionary, Infotech, and materials also gained more than 2%. |
| 1:16.8 | Alex King is a seeking Alpha contributor with Cestrian capital research. |
| 1:22.0 | He said following Friday's Fridays trading he's expecting a downward move next before the uptrend resumes an uptrend which he's expecting to be the most hated rally since that of 2020 which by the way was the most hated rally since that of 2020, which by the way was the most hated |
| 1:34.8 | rally since 2009, he says. |
| 1:38.6 | Today is Catalyst Watch Monday. |
| 1:40.8 | Seeking Alpha Senior Managing Editor Kim Khan has a preview of earnings this weekend. |
| 1:46.5 | It's quite a long list. |
| 1:48.0 | 3M J&J Microsoft Boeing IBM Abbott Labs, American Airlines, Intel, Visa, Amex, Colgate, Paul Malone, Chevron, and, you know, of course, we've got a little company called Tesla that everybody's going to be looking at. |
| 2:03.0 | Check out the Catalyst Watch article for the following week, |
| 2:06.0 | published around 3 o'clock every Friday afternoon. |
... |
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