Closing Bell Overtime: Finding Value In Current Market; Activist Investor Takes On Shake Shack 5/15/23
Major averages closed higher, reversing losses in morning trading. Oakmark\u2019s Tony Coniaris on where is finding value in this market. Plus AEI\u2019s Jimmy Pethokoukis and JPMorgan\u2019s Mike Feroli break down the impact debt ceiling talks are having on the market. Shake Shack shares had a strong day after activist investor Engaged Capital disclosed a 6.6% stake; 13D Founder Ken Squire on why there have been so many high-profile campaigns in 2023. Mortgage Bankers Association CEO Bob Broeksmit on the hottest areas in the country. Wedbush\u2019s David Nierengarten on the hottest takeover targets in the biotech sector.