Appaloosa
Since its inception in 1993, Tepper's Appaloosa Management has been a successful hedge fund, but big returns of more than 100% in 2009 made him a household name on Wall Street. Tepper solidified his name in Wall Street folk lore after appearing on financial network CNBC in September 2010 telling the investing public to "buy everything" ahead of more Federal Reserve easing, or QE2 as it has become known. The comments jolted the market higher that day and proved accurate as markets rallied to finish out 2010.
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Pre-Open Stock Movers 04/01: (CSII) (VJET) (TSLA) Higher; (BBRY) (SUNE) (GNCA) Lower (more...)
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Notable ETF Movers of the Day 01/22: (FAA) (IYT) Higher; (EWJ) Lower
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David Tepper Hearts Airlines (FAA) (DAL) (LCC) (JBLU)
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Tepper's Appaloosa Goes for Financial ETF (XLF) and Oracle (ORCL); Cuts Airlines and Housing
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Tepper's Appaloosa Sells Stocks In a Big Way; Completely Out of BofA (BAC) and Wells Fargo (WFC), Sells Citi (C)
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Tepper's Appaloosa Cutting Bank Stock Exposure, Shows New Positions In Mosaic (MOS), Western Refining (WNR)
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Tepper's Appaloosa Takes New Stake In Homebuilders (BZH) (DHI) (KBH) (PHM) (RYL)
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Tepper's Appaloosa Increases Exposure to Big Pharma, Reduces Risk in Financials (C, BAC, MRK, PFE, More...)
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Tepper's Appaloosa Cuts Stakes In Bank Stocks (BAC, C, WFC), Enters Pharmaceutical and Energy Stocks