Billionaire Hedge Fund Chief Jones Sees U.S. Stocks Beating Globe for Rest of 2014 – Bloomberg 10-20-14

Salient to Investors:

Paul Tudor Jones at Tudor Investment Corp is believed to have said:

  • US stocks will outperform other equity markets for the rest of 2014.
  • The bubble in global credit will burst one day.
  • If we maintain the status quo on QE, we will end up like Greece with their level of debt within 15 years.
  • The dollar rally versus against every G-10 currency may have ended.
  • Is short the yen because the BoJ will continue to ease – the yen needs to decrease 15% for inflation to increase by 1 percent to 1.5 percent.

David Einhorn at Greenlight Capital is reported to have recommended buying renewable power companies, owns warrants on Greek banks, and is betting on declines in French sovereign debt.

Read the full article at http://www.bloomberg.com/news/2014-10-20/paul-tudor-jones-said-to-see-u-s-stocks-beating-globe-in-2014.html

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Greenlight’s Einhorn Said to Back Solar Stocks at Robin Hood – Bloomberg 10-20-14

Salient to Investors:

David Einhorn at Greenlight Capital is believed to have recommended renewable power companies on the declining cost of solar energy and rising price of electricity, while betting against French sovereign debt.

Read the full article at http://www.bloomberg.com/news/2014-10-20/greenlight-s-einhorn-said-to-back-solar-stocks-at-robin-hood.html

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Birinyi Diverges From Einhorn Short Forecasting S&P 500 at 1,820 – Bloomberg 10-31-13

Salient to Investors:

Laszlo Birinyi at Birinyi Associates said the S&P 500 Index has a 51 percent chance of rising to 1,820 by February 2014 and a 75 percent chance by April 2014.

David Einhorn at Greenlight Re said he has become more conservatively positioned, and continues to be short companies with conventional valuations, rather than speculative story stocks that have caused excessive pain for other short sellers.

The average forecast of 19 Wall Street strategists is for the S&P 500 to reach 1,718 by year-end, with a range of 1,440 to 1,800.

The S&P 500’s P/E ratio is at 16.7.

Read the full article at  http://www.bloomberg.com/news/2013-10-31/birinyi-says-s-p-500-will-rise-3-to-1-820-in-next-three-months.html

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Einhorn’s Reinsurer Says It Cut Gold Holding Amid Bear Market – Bloomberg 07-29-13

Salient to Investors:

David Einhorn at Greenlight Capital Re lowered the reinsurer’s gold and commodities holdings in Q2, and was 90 percent in stocks at the end of June.

Greenlight said the stock market’s rapid advance is creating a potentially unstable condition which could resolve a number of ways and is difficult to predict, and plans to continue holding a combination of a significant position in gold, macro positions in the form of options on higher interest rates and foreign exchange rates, short positions in sovereign debt and sovereign credit default swaps.

Read the full article at  http://www.bloomberg.com/news/2013-07-29/einhorn-s-reinsurer-says-it-cut-gold-holding-amid-bear-market.html

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Einhorn Adds Short Bets as Markets Rally Amid Economic Slump – Bloomberg 02-20-13

Salient to Investors:

David Einhorn said long positions exceeded shorts 29 percent as of Jan. 31 versus 39 percent on Jan 1, 2013, and has become less enthusiastic as the market rises while the US has slowed  – GDP went negative in Q4 2012 and earnings growth has come to a virtual halt.

Ray Dalio at Bridgewater Associates is bullish on stocks, oil, and commodities, expecting cash to shift to riskier asset classes amid increased economic confidence. David Tepper at Appaloosa Mgmt and David Rubenstein at Carlyle Group are positive on the US economy.

ICI reports investors added $37 billion to equity funds in January, the most since 2004. Birinyi Associates says tech and financial institutions received the biggest inflows.

Quarterly earnings grew 3.6 percent on average in 2012 versus 28 percent the previous 2 years, while analysts project a 1.5 percent contraction in Q1 profits and 6.7 percent growth for 2013.

Read the full article at http://www.bloomberg.com/news/2013-02-20/einhorn-adds-short-bets-as-markets-rally-amid-economic-slump.html

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Apple Stock Sold by Mindich, Rosenstein in Fourth Quarter – Bloomberg 02-15-13

Salient to Investors:

Hedge funds Viking Global Investors, Third Point, and Omega Advisors all sold their entire positions in Apple in Q4 2012. Hedge funds Lone Pine Capital, Eton Park Capital Mgmt, Tiger Global Mgmt, and Jana Partners all sold shares.

Hedge funds Appaloosa Mgmt, David Einhorn’s Greenlight Capital, John Paul Tudor’s Tudor Investment Corp. all added shares.

Mutual funds American Growth Fund of America, Fidelity Contrafund, T. Rowe Price Growth Stock Fund all sold shares in Q4.

Read the full article at http://www.bloomberg.com/news/2013-02-14/rosenstein-s-jana-joins-cooperman-s-omega-selling-apple.html

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U.S. Stocks Fall on Draghi Comments, Earnings Reports – Bloomberg 02-07-13

Salient to Investors:

Mark Freeman at Westwood Holdings said we’ve moved so far so fast that the market is just looking to take something off the table, and needs a positive catalyst to take it higher.

Jeff Sica at SICA Wealth Mgmt said there’s concern that Europe will implode and the contagion effect on the US economy.

Jeffrey Davis at Lee Munder Capital said the frustrating employment number is heading in the right direction, while the market shows good momentum.

David Einhorn at Greenlight Capital urged Apple to return more of its $137.1 billion in cash.

Read the full article at http://www.bloomberg.com/news/2013-02-07/u-s-stock-index-futures-rise-before-jobless-benefit-data.html

 

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