Ira Sohn Conference Live Blog: Movers, Shakers, Hedgie Comments

The Ira Sohn conference -- one of the world's biggest investing conferences -- is happening now. As expected, stocks have already begun to move.

03:04:44pm: Next, talking Tinder.

02:55:11pm: Lone Pine still talking Microsoft:

02:43:17pm: Lone Pine Capital's Mala Gaonkar up next. Says they like Microsoft Corporation MSFT.

02:40:18pm: AbbVie, Brookdale volatile after mentions.

02:30:11pm: Robbins says Brookdale could be sold to a REIT; has many options.

02:22:15pm: Robbins discusses long theses on AbbVie Inc ABBV, Brookdale Senior Living, Inc. BKD. Shares spiking off mention.

02:15:11pm: Larry Robbins takes stage.

02:12:12pm: Price update: Gulf Coast Ultra Deep Royalty Trust - Royalty Trust Unit GULTU up nearly 16 percent after Cooperman mentions small-cap as one of his best ideas. Shares now trade at $0.88.

02:05:00pm: Brief break, then Robbins, Jeffrey Gundlach up next.

01:50:00pm: Glenview Capital's Larry Robbins up next. Cooperman top picks also include Dow Chemical Co DOW and General Motors Company GM.

01:44:04pm: Cooperman says he likes Actavis plc ACT, AerCap Holdings N.V. AER, Citigroup Inc C, Google Inc GOOG and Priceline Group Inc PCLN.

1:35:23pm: From Cooperman's slideshow on the "underpinnings to a long-lasting U.S. equity bull market."

• "Long-lasting and self sustaining U.S. economic expansion which should also be broad based, low in volatility, and "sweet spot" in growth."
• "U.S. earnings and dividend growth of 5% to 7% per year over the coming several years."
• "Long-lasting friendliness Federal Reserve gradual tightening beginning in second half of 2015."
• "Continued monetary friendliness from the ECB/BOJ/OBOC/Global liquidity glut."
• "Low, though gradually rising, sovereign bond yields.
• "Modestly accelerating GDP growth in the Euro zone and Japan, a moderate slowing in China's growth rate, foreign macro landscape a tailwind to U.S. shares."
• ""Okay" absolute U.S. share valuation/market extended on selected metrics."
• "No alternative to equities from fixed income markets."
• "Asset allocations should shift to equities."
• "U.S. equity market very good valuation relative to bond interest rates and inflation."

1:29:59pm: Omega Advisors' Leon Cooperman takes the stage, says equity markets will finish 2015 higher than they are today. He does, however, say that a "hostile Fed" is a risk to stocks.

1:25:15pm: Walker finishes presentation on social media. Twitter summed it up quite nicely.

1:09:13pm: Patent Properties' Jay Walker up next.

1:06:54pm: Meister says company should spin off its China unit, says it could boost shares by $16. Yum moving lower on comments.

1:03:44pm: Meister still talking Yum.

12:54:55pm: Corvex's Keith Meister now on; talking Yum! Brands, Inc. YUM.

12:50:55pm: CSX continues even lower off Ackman mention; now down 3.6 percent.

12:40:17pm: Rosenstein says he is long QUALCOMM, Inc. QCOM; shares up nearly 1 percent.

12:39:13pm: Ackman says he will not talk about CSX Corporation CSX at Ira Sohn; shares dip 2 percent.

12:38:59pm: Zoetis Inc ZTS moving, as Bill Ackman talks about the stock with Wapner and Brown.

12:36:43pm: Shares of Walgreens Boots Alliance Inc WBA moving up, as JANA's Barry Rosenstein discusses stock.

12:33:07pm: Bill Ackman Currently Speaking wit

h CNBC's Scott Wapner and Josh Brown: Says he is 100% confident in Herbalife Ltd. HLF short thesis. Stock does not move on news.

12:26:17pm:

12:24:29pm:

12:22:23pm: Pioneer Natural down 2.4 percent after Einhorn comments, Whiting Petroleum Corp WLL, Concho Resources Inc CXO, Continental Resources, Inc. CLR all falling as well.

12:11:11pm:

12:08:29pm: David Einhorn now discussing Pioneer Natural Resources PXD, hedge fund manager says "earns a positive margin but is not a positive value."

12:08:29pm: Greenlight's David Einhorn currently speaking at conference; being broadcast on CNBC, Bloomberg