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Charlie Munger, the legendary late chairman of Berkshire Hathaway, predicted the retail split long before it showed up in earnings reports, store closures and consumer behavior.
There is a lot riding on The Magnum Ice Cream Company’s demerger from Unilever.
RBC Adjusts Unilever Price Target, Earnings Estimates After Magnum Ice Cream Spin-off
Loews Corp. stock rose 1.13% to $102.56 on Tuesday, ending a seven-day losing streak, despite a poor trading session for the market. The stock remains 5.96% below its 52-week high of $109.06. Competitors Chubb Ltd. and Progressive Corp. saw gains, while Travelers Cos. Inc. experienced a slight decline.
Medtronic PLC's stock fell 1.62% to $99.62 on Tuesday, marking its third consecutive day of losses. It underperformed compared to competitors like Johnson & Johnson, Danaher Corp., and Abbott Laboratories. The stock is 6.31% below its 52-week high. Trading volume was 2.3 million below the 50-day average. The S&P 500 and Dow Jones also saw declines.