Nelson Peltz, billionaire that can make you money.
Nelson Peltz is the CEO of Triarc Cos (TRY). He is a well-known turn-around artist who has made billions being a corporate raider and activist. Triarc is still the franchisor of Arby's and owns more than 1,000 of the chain's 3,500 restaurants, along with interests in other, unrelated businesses.
Microsoft reported revenue for its fiscal third quarter ended March of $14.4 billion and EPS of 50 cents a share, versus Street estimates of $13.89 billion and 46 cents. For the fiscal fourth quarter ending in June, the company sees revenue of $13.1 billion to $13.4 billion and EPS of 37-39 cents a share; the Street has been at $13.3 billion and 40 cents.
A ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œVÃƒÂ¢Ã¢â€šÂ¬Ã‚Â bottom gets its name from the chart pattern it leaves behind. The formation occurs when a strong upside trend has formed and the market over-extends itself. An event creates a panic and prices plunge as speculators bail. The move is fast and furious and once the selling abates, bargain hunters step in.