1. Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's

    Bill Ackman's Hedge Fund Has Reportedly Amassed a $1 Billion Stake in Lowe's
    • Bill Ackman's Pershing Square Capital has reportedly amassed a $1 billion stake in Lowe's.
    • News of the investment comes one day after Lowe's tapped Home Depot veteran Marvin Ellison to lead the chain.
    • Lowe's reported first quarter earnings on Wednesday that missed Wall Street expectations for profit, revenue, and comparable sales.
    • Follow Lowe's stock price in real-time here.

    Add billionaire investor Bill Ackman to those who welcome the hiring of Lowe's new CEO...

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