Increased Call Buying Activity in Bank of America (BAC) Continues -Susquehanna

Bank Stocks Rally as Richard Cordray to Step Down at CFPB; 'Broadly Positive for Financial Firms', Cowen Says

November 15, 2017 12:56 PM EST

Bank stocks are rally on news that Richard Cordray is stepping down as head of the U.S. Consumer Financial Protection Bureau (CFPB).

Cowen's Jaret Seiberg said, "We believe the departure of Richard Cordray as CFPB Director should be broadly positive for financial firms involved in retail... More

Corvex Management Enters Comcast (CMCSA), Raises Bank of America (BAC) (more...) - 13F

November 14, 2017 5:11 PM EST

Corvex Management released its 13F for the quarter ended Sept. 30, 2017. Below is a summary

New Stakes
Comcast Class A (NASDAQ: CMCSA) new 2,450,000 share position
JetBlue Airways Corp (NASDAQ: JBLU) (CALL) new 1,000,000 share position
S&P DEP RECEIPTS (NYSE: SPY) new 37,821 share position
T-MOBILE US, Inc. (NASDAQ: TMUS) new 337,665 share position
Market Vectors Semiconductor ETF (NYSE: SMH) (PUT) new 1,000,000 share... More

Paulson's 13F Shows New Stake in Calpine (CPN), EQT (EQT), Sprint (S), Reduced Teva (TEVA), Exits Facebook (FB), AIG (AIG) (More...)

November 14, 2017 5:05 PM EST

Paulson & Co. released its 13F for the quarter ending September 2017. Below is a summary.

New Stakes
BOB Evans Farms (NASDAQ: BOBE) new 106,000 share position
CALPINE CORPORATION (NYSE: CPN) new 1,683,200 share position
EQT Corporation (NYSE: EQT) new 293,021 share position
ISHARES 7-10 YEAR TREASURY BOND ETF (NASDAQ: IEF) new 20,000 share position
Rockwell Collins (NYSE: COL) new 112,400 share position
Shire pic (NASDAQ: SHPG) new 3,153,400 share position
SPRINT CORPORATION SERIES 1 (NYSE: S) new 2,374,000 share... More

Buffett's Berkshire slashes IBM stake, adds to Apple

November 14, 2017 4:45 PM EST

By Jonathan Stempel

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp (NYSE: IBM), backing further away from an investment that the billionaire has admitted was not one of his best.

Berkshire cut its IBM stake 32 percent in the third quarter to about 37 million shares worth $5.37 billion from 54.1 million shares worth $8.32 billion, according to a Tuesday regulatory filing detailing its U.S.-listed stock holdings.

The IBM share stake has fallen by 54 percent... More

Blue Ridge 13F Shows New Stake in Ulta (ULTA), GNC (GNC), Increase in Visa (V) (More...)

November 14, 2017 4:35 PM EST

Blue Ridge released its 13F for the quarter ending September 2017. Below is a summary.

New Stakes
ALIBABA (NYSE: BABA) new 185,000 share position
GNC HOLDINGS, Inc. (NYSE: GNC) new 2,414,000 share position
O'Reilly Automotive (NASDAQ: ORLY) new 410,000 share position
SOCIAL CAP HEDOSOPHIA HLDGS (NYSE: IPOA) new 1,000,000 share position
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) new 1,080,669 share position

Raised Stakes
Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) raised from 1,376,700 shares to 1,531,899 shares... More

Buffett's Berkshire 13F Shows Increase in Apple (AAPL), Monsanto (MON), Synchrony (SYF), Reduced IBM (IBM) (More...)

November 14, 2017 4:21 PM EST

Warren Buffett's Berkshire released its 13F for the quarter ending September 2017. Below is a summary.

New Stakes
Bank of America Corp (NYSE: BAC) new 679,000,000 share position (** from warrant conversion)

Raised Stakes
Apple Inc. (NASDAQ: AAPL) raised from 130,191,960 shares to 134,092,782 shares
Monsanto Company (NYSE: MON) raised from 8,041,784 shares to 8,873,469 shares
Synchrony Financial (NYSE: SYF) raised from 17,463,000 shares to 20,803,000 shares

Lowered Stakes
CHARTER COMM-A (NASDAQ:... More

Appaloosa LP's 13F Shows Increase in Ally (ALLY), Apple (AAPL), Micron (MU) (More...)

November 14, 2017 9:32 AM EST

Appaloosa LP released its 13F for the quarter ending September 2017. Below is a summary.

New Stakes
Applied Materials Inc (NASDAQ: AMAT) new 250,000 share position
PEABODY ENERGY CORP NEW 8.5% PFD CONV A new 301,316 share position
FINANCIAL SEL SECT SPDR FD (NYSE: XLF) (CALL) new 8,104,100 share position
XPO LOGISTICS, Inc. (NYSE: XPO) new 64,311 share position

Raised Stakes
ALLY FINANCIAL, Inc. (NYSE: ALLY) raised from 1,097,824 shares to 6,810,600 shares
Apple Inc. (NASDAQ: AAPL) raised from 625,000 shares to 1,361,000 shares
Boston Scientific (NYSE:... More

U.S. financial giants create consortium to vet third party suppliers

November 14, 2017 8:44 AM EST

By Dan Freed

(Reuters) - Bank of America Corp (NYSE: BAC), JPMorgan Chase & Co (NYSE: JPM), Wells Fargo & Co (NYSE: WFC) and American Express Co (NYSE: AXP), have created a company called TruSight to standardize the work of vetting third party... More