From Tepper's "Short The Euro," call (which he hopes does better than his "bond bull is over" call) to Icahn's "HY credit is in a bubble... and I am short" warning, The 2-day Robin Hood conference in NYC had something for everyone. Paul Tudor Jones thinks US equities will outperform the rest of the world this year but "the piper will be paid one day," and Larry Fink says "equities are health" after last week's correction... and Whitney Tilson is short Lumber Liquidators (trade accordingly).
Day 1:
Greenlight's Einhorn: reiterates long SunEdison, says long TerraForm; says he owns warrants on Greek banks Alpha Bank, Piraeus Bank SA; betting on declines in French sovereign debt
Axel Capital's Nikolayevsky: recommends long Ezcorp (whose products include pawn and payday loans)
Kynikos' Chanos: recommends shorting Petrobras (“The economics are just so poor at Petrobras, that we
really have called it a scheme, not a stock,”)
Tudor Jones: Paul Tudor Jones Said to See U.S. Stocks Beating Globe in 2014, Bubble in global credit, Rally in USD is over, Short JPY - "The piper will be paid one day." Jones has been a longtime critic of the U.S. Federal Reserve’s policy of buying bonds. “If we maintain the status quo, what will be the probable outcome a decade from now? Look no further than Greece for the answer,” Jones told investors in 2010. He reiterated the reference to Greece yesterday by saying the U.S. is headed toward that country’s level of debt within the next 15 years.
Astenbeck’s Hall: Astenbeck’s Hall Said to Forecast Oil Prices Remaining Depressed
Knighthead’s Wagner: American Airlines ‘Attractive Investment,’ Wagner Says
Day 2:
Third Point’s Loeb: likes Amgen, urges breakup, says may be worth $249 per share in breakup; Third Point exited Sony stake in quarter; took stakes in EBAY, BABA in 3Q
Appaloosa’s Tepper: recommends shorting the Euro (based on ECB QE policy)
Icahn (Icahn sat on conference panel; made comments to Bloomberg after presentation) Says EBay Should Pursue PayPal Sale Now in Spin Dual Track; Icahn Had Dinner With EBay CEO John Donahoe Two Nights Ago; Says Buffett Sometimes Too Easy on Companies He Invests In; Says Bubble in HY - long HY CDX.
Glenview’s Robbins: likes Realogy, FNF Group, Community Health Systems, VCA Inc.
Eminence’s Sandler: likes Vivendi, EBay, GNC; sees EBAY climbing 40%; sees GNC up 45% in 6 mos.; likes Wolseley
Corvex’s Meister: recommends Crown Castle long; sees shrs hitting $120 next yr
Whitney Tilson: likes Micron, SodaStream; recommends shorting Exact Sciences, Lumber Liquidators
BlackRock’s Fink spoke in Bloomberg TV interview: Says Equities Are Healthy After Market Turmoil
Chesapeake Partners’ Traci Lerner: likes American Airlines, Barnes & Noble, GenCorp, Eagle Materials
Mangrove’s Nathaniel August: recommends shorting Australia’s Mesoblast; recommending short World Wrestling, going long Fortress Investment in CNBC interview
SQN’s Amish Mehta: likes Blucora long
EcoR1’s Oleg Nodelman: likes Clovis Oncology
Tiger Ratan’s Nehal Chopra: likes Charter Communications
Three Bays' Matthew Sidman: likes Churchill Downs
