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Jan 4, 2024
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if the grail saga was the only problem for illumina i'd be tempted to kick the fires unfortunately it's. carl icahn the famous activist investor entered the from a launching a proxy contest and urging the company to sell grail. fired the ceo made major changes. he was partially successful. hes got one of his people on the board last may and the ceo was pushed out short tli thereafter. back in september icahn said the new ceo jacob facen had his full support. after the court zeis and the grail divestiture we started hearing reports that icahn might launch another proxy contest to take control of illumina. maybe he'll win completely this time and it will be good for the business. to me it's too messy. they're still optimistic on the business but don't like the risk reward given how much the stock's run from its november lows i say you've got to wait for more clarity here. third worst performer in the nasdaq 100 is let's talk about walgreen's boots alliance. i covered it on tuesday because it was the worst performer in the dow. while the company reported a better than expected quarter this
if the grail saga was the only problem for illumina i'd be tempted to kick the fires unfortunately it's. carl icahn the famous activist investor entered the from a launching a proxy contest and urging the company to sell grail. fired the ceo made major changes. he was partially successful. hes got one of his people on the board last may and the ceo was pushed out short tli thereafter. back in september icahn said the new ceo jacob facen had his full support. after the court zeis and the grail...
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illumina rising today after beating analyst estimates for fourth quarter revenue.l-year sales to beat investors' forecasts. the company took a hit in november when they predicted revenue would drop 2-3% this year, but the stock today up nearly 5%. bank of america securities cutting its rating on jetblue from neutral to underperformance, also cutting its price target in half from $6 to $3. the investment firm says it expects a rough time ahead for the domestic airline industry and is worried about the airline's planned acquisition of spirit airlines if it gets regulatory approval. the new york-based carrier also announcing that ceo robin hayes will step down and be replaced by joanna garrity, a longtime jetblue executive and the airline's current president. the stock, jetblue, as you can see down 10.5% at $5 or thereabouts. >>> all right, coming up next, don't go away, liz, of course, live at ces 2024 with a virtual reality check. she's going to tell us what one vr headset company is doing to launch a surgical strike on big name competitors like apple and meta. "the
illumina rising today after beating analyst estimates for fourth quarter revenue.l-year sales to beat investors' forecasts. the company took a hit in november when they predicted revenue would drop 2-3% this year, but the stock today up nearly 5%. bank of america securities cutting its rating on jetblue from neutral to underperformance, also cutting its price target in half from $6 to $3. the investment firm says it expects a rough time ahead for the domestic airline industry and is worried...
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Jan 9, 2024
01/24
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. >> this stock is hated, illumina. a soap opera with divested rail, icahn got in, ousted the ceo, the chair of the board. it has been a nightmare, to be totally frank. >> earnings are brutal. >> earnings have gotten crushed. it went from 650 to less than 70 cents this year. it has been a drama. the stock was over $500. really unloved by almost everybody, but it just had a bearish reversal talking technicals. it's come back a lot. i think they're presenting right now from 12 to 1. they have a new ceo. they're focused on their core business. they're the number one genomics sequencing, tens of billions worth of equipment out there. every second technician knows h use a machine. it's a razor blade model they sell consumables. they will get their free cash flow back and i think a $20 billion market cap for the number one player in the business. >> sarat, you own it? >> yeah. what she said. nobody wanted it. it was a complete washout in november and december. it was on the sell list. >> did uber do a dumb acquisition? >> the
. >> this stock is hated, illumina. a soap opera with divested rail, icahn got in, ousted the ceo, the chair of the board. it has been a nightmare, to be totally frank. >> earnings are brutal. >> earnings have gotten crushed. it went from 650 to less than 70 cents this year. it has been a drama. the stock was over $500. really unloved by almost everybody, but it just had a bearish reversal talking technicals. it's come back a lot. i think they're presenting right now from 12...
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lauren: illumina, crowdstrike, palo alto. stuart: that was enjoyable. swinging against desantis and trump during her town hall on fox. roll i. >> look, desantis is desperate. he's lying because he's losing. but let's go -- the problem is if you have to lie to win, you don't deserve to win. what we saw with president trump and i think when i say he was the right president at the right time, he was good at break things, right? but now we need somebody to fix them. stuart: all right. did nikki haley move the need last night? if bret baier co-moderated the event. he's going to be here later in the show. >>> biden didn't hold back against trump in yet another divisive speech. why does the president keep going on over the top attacks? larry kudlow takes it on. larry is next. ♪ finish call here's to the losers -- ♪ bless them all ♪ here's to those who think they're better ♪ ♪ ♪ a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently.
lauren: illumina, crowdstrike, palo alto. stuart: that was enjoyable. swinging against desantis and trump during her town hall on fox. roll i. >> look, desantis is desperate. he's lying because he's losing. but let's go -- the problem is if you have to lie to win, you don't deserve to win. what we saw with president trump and i think when i say he was the right president at the right time, he was good at break things, right? but now we need somebody to fix them. stuart: all right. did...