Market Overview

'Delivering Alpha' Conference Has Been Known To Move Stocks

'Delivering Alpha' Conference Has Been Known To Move Stocks

CNBC and Institutional Investor’s 2016 Delivering Alpha Conference kicks off Tuesday. The event brings together some of corporate’s most influential investors to weigh in on fiscal matters and share their investment strategies based on the recent and relevant market movement.

CNBC recently highlighted the movers from 2015.

Last year, Bill Miller, founder and CIO of LLM Investments, projected positive movement for, Inc. (NASDAQ: AMZN). And he was right, as the stock has jumped 72 percent in just two months.

Related Link: The Schedule For 'Delivering Alpha' 2016

Medivation Inc (NASDAQ: MDVN) experienced a similar jump, as projected by founder of York Capital Jamie Dinan. However, Dinan didn't accurately access the generics business, which is down significantly from last year's conference.

Tom Sandell had high hopes for Ethan Allen Interiors Inc. (NYSE: ETH) last conference. The stock is up 18 percent.

Bill Ackman continued to hold stock in Nomad Foods Limited Ordinary Shares (NYSE: NOMD), which is down 7 percent. Jeff Smith mentioned his hopes for Macy’s Inc (NYSE: M), which is down nearly 40 percent.

Jeffrey Gundlach, founder of Doubleline Capital, announced he bought into Annaly Capital Management, Inc. (NYSE: NLY), which he projected would drop significantly, but yield a higher rate given the stable borrowing cost. He also found confidence in its liquidity and pair trade with Puerto Rico.

Last year, Carl Icahn expressed confidence in Voltari Corp (NASDAQ: VLTC), causing the stock's value to rise.

Benzinga is on hand continue to cover the highlights of this year’s conference. Click here for a live blog.

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