Market Overview

Did Delivering Alpha Mavens Move Market?


CNBC/Institutional Investor held its fourth-annual Delivering Alpha conference Wednesday at the Pierre Hotel in Manhattan.

During the event, hedge-fund managers Carl Icahn, John Paulson, Leon Cooperman, Nelson Peltz and Ken Griffin mentioned a raft of stocks that were headlined in real time by Benzinga and widely covered by other media.

Some the stocks moved, some didn't, and correlation doesn't necessarily imply causation. Here's a few of the stocks mentioned:

•At 3:50 p.m. Nelson Peltz told the gathering he's dissatisfied with the performance of Family Dollar Stores Inc. (NYSE: FDO). At 3:35 p.m., Carl Icahn said Family Dollar "could use a partner." Family Dollar closed at $61.43, up 0.16 percent.

•At 3:03 p.m. Jeff Smith of Starboard Capital said he has urged the board of MeadWestvaco Corp. (NYSE: MWV) to take action to maximize shareholder value. Shares closed up 0.18 percent to $44.06.

•2:48 p.m. Oasis Petroleum Inc. (NYSE: OAS) is a take over target, according to Paulson. The shares closed at $55.41 up 3.6 percent for the day.

•11:02 Leon Cooperman of Omega Advisors likes Actavis Inc. (NYSE: ACT). Shares closed at 217.93, down 0.47 percent.

•11:05 - Cooperman Says Gaming and Leisure Properties Inc. (NASDAQ: GLPI) could double its dividend. Shares closed $34.98, up 0.52 percent.

•11:07 - Cooperman says Nordic American Offshore Ltd. (NYSE: NAO) will benefit from 18 rigs in North Sea. The shares closed down 0.74 percent at $20.15

•1:09 - Cooperman says he picked Citigroup because financials are priced low. Citigroup closed at $49.82, up one percent.

Posted-In: News Rumors Events After-Hours Center


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