Icahn buys into FCX, big changes at BIG, ULTA looking pretty

Lawrence Lewitinn
·Lawrence Lewitinn

Your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Freeport-McMoRan (FCX)

Activist investor Carl Icahn just disclosed an 8.5% stake in the company. He owns 88 million shares or about $900 million worth of the stock. The company announced it was cutting its workforce by 1,500 people and slashing capital expenditures by 29%. Shares of the miner are still down some 70% in the past 12 months with tumbling gold prices.

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Big Lots (BIG)

The discount retailer reported better-than-expected second-quarter earnings and raised guidance. On an adjusted basis, profits were $0.40 per share compared to $0.31 a year ago. Analysts were expecting earnings of $0.34. Big Lots is also making some big moves at the C-level, with several management changes announced as part of what the company is calling a "realignment of responsibilities".

Ulta Beauty (ULTA)

The cosmetics company spiked earlier on Friday's session on its second-quarter earnings. Ulta reported sales of $877 million, slightly better than estimates and 19% higher than last year. Earnings were also 22% higher than the second quarter of 2014. Ulta guided same-store sales higher for the year. The stock is up 26% year-to-date.

 

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