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Thursday, May 17, 2012 - 12:45pm
Ira Sohn Investment Conference Market Movers for Thursday
The annual Ira Sohn Investment Conference was held in New York on Wednesday. At the event, which supports the treatment and cure of pediatric cancer, many of the world's most successful hedge fund managers and other noteworthy investors pitch stock ideas to their colleagues. The investment ideas...
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Einhorn Brings The Pain on Martin Marietta
Wednesday, May 16, 2012 - 4:44pmShares of North Carolina-based Martin Marietta Materials (NYSE: MLM), a producer of granite, limestone, sand, gravel, and other products used for construction and infrastructure projects, plunged 8.2% today on volume that was roughly eight times the daily average after Greenlight Capital's David...
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Einhorn Bullish On Apple, Says Could Be $1 Trillion Company
Wednesday, May 16, 2012 - 4:30pmGreenlight Capital's David Einhorn is bullish on tech titan Apple (Nasdaq: AAPL), the largest U.S. company by market value. At the Ira Sohn Conference, Einhorn said Apple is a "great company with a great balance sheet" and noted that the maker of the iPhone and the iPad, the world's top-selling...
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Tuesday, May 15, 2012 - 3:33pm
The Herbalife Lotto Ticket, Should You Buy In?
On Wednesday, the Ira Sohn investment conference will bring a decent amount prominent money managers, where they will speak about equities, the general economy, and other trading ideas. Bill Ackman, David Einhorn, Jeff Gundlach, and John Paulson are all scheduled to speak, as well as 10 others....
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Wednesday, October 26, 2011 - 2:14pm
Why Smart Money Loves Sprint
Sprint Nextel (NYSE: S) reported third quarter earnings this morning, reporting a mixed bag, beating on the bottom line, and missing on the top line. Shares are off 4 percent today, but are off the lows of the session. The Kansas City-based company reported a third quarter loss of 10 cents per...
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Thursday, September 1, 2011 - 10:36am
Cause It's 1, 2, 3, Strikes You're Out!!!
According to New York Times sports reporter Richard Sandomir, the much maligned deal between hedge fund titan David Einhorn and the New York Mets is over. Here is a statement from the team, courtesy of ESPNNewYork. "The New York Mets' Owners announced today that their period of exclusive...
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Tuesday, August 30, 2011 - 10:22am
How Far Can A Dollar (General) Go These Days?
Warren Buffett certainly knows a good thing when he sees it. When Buffett, 81, announced earlier in the month he had a position in Dollar General (NYSE: DG), many thought it was a shrew move. After today's earnings beat, it looks like an even shrewder move. The Goodlettsville, Tennessee-based...
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Monday, August 22, 2011 - 12:22pm
Can You Spare Some Change?
99 cents to be exact. Shares of discount chain 99-Cents Only Stores (NYSE: NDN) are jumping this afternoon, gaining almost 10% after the the New York Post reported this morning that private equity firm Apollo Global Management LLC was going to bid on the company. “Instead of saying Leonard Green...
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Thursday, August 18, 2011 - 9:48am
Money Doesn't Grow On Dollar Trees
With so much uncertainty in the U.S. economy, it is easy to see why there is tremendous interest in the dollar store space. Apparently though, money does not grow on trees, Dollar trees that is. Dollar Tree, Inc. (NASDAQ: DLTR) shares are getting rocked this morning, after the company came out...
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Thursday, August 4, 2011 - 10:18am
Goldman Missed Breakfast At Tiffany's, But Is There Time For Leftovers?
This morning Goldman Sachs made a call to upgrade Tiffany's (NYSE: TIF) from Sell to Neutral, on a valuation call. Well Goldman, Tiffany has been one of the best performing stocks in the past year, why upgrade it now? Here's their reason: "We are upgrading TIF to Neutral from Sell as the stock is...
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