NEW YORK (Real Money) -- Don't just stand there, do something.
That's the motto of the companies that want their stocks to go higher. It plays out every day. Wednsesday was no different.
Almost every single company with a stock that jumped played a big role in that jump and very few of those rallies were earnings-based. They are companies that aren't about to be constrained by possible Fed rate hikes, the strong dollar -- even as it is definitely weakening -- or port strikes or politics. All of the dark macro forces that keep stocks down can be defeated by an aggressive management determined to take control of its own destiny.
These managements aren't willing to cede their stocks' futures to the S&P 500 futures. They aren't lamenting the miserably weak retail sales numbers we got this morning. You don't need to know where the German 10-year Treasury went out if you take a value creation path. You aren't thinking, "Gee, there are a ton of people talking about how the Fed has to move right now or else." All these managers are thinking is, "If we take this action, we could create instant wealth for our shareholders and that's exactly what we are supposed to do."
Let's run them down. First, there's Pall Corp. (PLL), the company that makes filters for a host of industries including aerospace, biotech and the water businesses, that agreed to be acquired Wednesday by industrial conglomerate Danaher (DHR) for a huge price, $127.20 a share. This stock was at $99 on Monday! Holy cow. What a win. You won't get that kind of return in your bond fund. That's for certain.