3 Rumors Buzzing Around Wall Street Today

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3 Rumors Buzzing Around Wall Street Today

By Investing.com Staff

Stocks continued their positive run today as earnings continued to trickle in better than expected. Today, Goldman Sachs (NYSE: GS ), Johnson & Johnson, and Lockheed Martin (NYSE: LMT ) all reported strong numbers. Amid the upside action, several rumors made their way across trading desks. Below we highlighted a few:

GameStop (NYSE: GME ) gained nearly 3% after Chairman and meme stock master, Ryan Cohen, tweeted a picture of himself with billionaire investor Carl Icahn. The tweet ignited rumors Mr. Icahn could be eyeing a stake in the struggling gaming retailer.

Salesforce (NYSE: CRM ) gained over 4% after activist investor Starboard Value LP disclosed a significant stake in the software maker. The activist said the company has an opportunity to significantly grow free cash flow per share over the next few years.

Colgate-Palmolive (NYSE: CL ) gained 1% after Dan Loeb's activist hedge fund Third Point disclosed a new "significant" stake in the company in a letter to investors. The activist wants the Hill’s Pet Nutrition business separated from the company's consumer assets.

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