Ackman's Latest Stock Pick Has Traders Buzzing

Banter on Bill Ackman's latest stock pick has been fast and furious Monday afternoon amid reports the hedge fund manger told clients that his Pershing Square fund is planning to take a 5% activist stake in an unnamed large-cap company. Ackman is starting two special purpose funds to buy the stake, according to the letter.

On Twitter, traders speculated about the anointed stock:

@OptionsHawk: 1st pick Walgreen (NYSE: WAG), 2nd pick Mondelez (NASDAQ: MDLZ)

@DR_MorningFlash: Agilent (NYSE: A)

@MicroFundy: Vodafone Group (NYSE: VOD)

@Moussk: Telefonica Brasil SA (ADR) (NYSE: VIV), Activision Blizzard (NASDAQ: ATVI)

@buzz339: Kimberly Clark (NYSE: KMB)

@treviedo: Hertz Global (NYSE: HTZ)

@Chris_Ciaccia: P&G (NYSE: PG) (which Ackman currently owns a 1% stake in) and International Paper (NYSE: IP).

If you have a pick please submit it to our twitter handle at @Street_Insider. If we like it we will update this article accordingly.

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