SCCM Enhanced Equity Income Fund Sold Baxter Int’l (BAX) Due to Near-Term Headwinds
Market Intelligence Analysis
AI-PoweredSchafer Cullen Capital Management (SCCM) sold Baxter International (BAX) due to near-term headwinds, as reported in their third-quarter investor letter. The move comes as US equities continue to rise, with the S&P 500 and Russell 1000 Value indices experiencing growth. This decision may impact BAX's stock performance.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Enhanced Equity Income Fund” third-quarter investor letter. A copy of the letter can be downloaded here. US equities continued to rise in the third quarter, with the S&P 500 returning 8.1% while the Russell 1000 Value was up 5.3%. […]
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