“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.”
Unilever Plc and Las Vegas Sands Corp are among stocks with upsides in the current bear market but for different reasons, according to Ellen Lee, a portfolio manager at Causeway Capital Management.
Las Vegas Sands is likely to benefit as China eases its Covid-19 lockdowns, which have thwarted travel to the firm’s casinos in Macau, Lee said Friday during an interview on Bloomberg Television’s “Wall Street Week.” Unilever, the consumer-products giant with brands including Ben & Jerry’s ice cream and Dove beauty products, is likely to improve earnings because activist investor Nelson Peltz joined the board and will spur a faster pace of boosting profitability, she said.
