“We believe the activist being there will really push the management to accelerate that timetable,” Lee told host David Westin. “They’re doing things internally to really energize their sales.”
US stocks rose during the holiday-shortened the week after a stronger-than-expected employment report eased recession fears and cleared the path for the Federal Reserve to raise rates aggressively to combat inflation.
But one good week doesn’t signal a bottom of the bear market that made the first half of 2022 the worst start to a year since 1970, according to Liz Ann Sonders, chief investment strategist at Charles Schwab Corp.
“There’s still some storms that have to be weathered with bouts of volatility,” Sonders said on “Wall Street Week.”
