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Greenlight Capital's David Einhorn pitched two investment ideas Tuesday at the Sohn Investment Conference that he says are undervalued beneficiaries of the artificial-intelligence boom: Centene: The managed-care company can use AI to speed up manually repetitive processes such as claims processing, Einhorn said.
The lingerie retailer claims an adviser to billionaire investor Brett Blundy visited at least 17 stores and gained trade secrets.
Tapestry beats Q3 earnings estimates and raises FY26 guidance. But shares fall 12% on tariff concerns and Kate Spade weakness.
Investing.com -- Wells Fargo on Friday reshuffled its ratings across the U.S. apparel and retail sector, upgrading Victoria’s Secret and downgrading Nike and Deckers, arguing that the rapid adoption of GLP-1 weight-loss drugs is impacting consumer spending in ways that favor clothing over footwear and athletic wear.
MCD beats Q1 2026 estimates as global comps rise 3.8% and systemwide sales top $34B, with loyalty sales exceeding $9B across 70 markets.
Victoria’s Secret accused one of its largest shareholders of pursuing a proxy fight after being denied a board seat, calling the effort a distracting campaign.