Julian Robertson's Tiger Management unloaded the 42K Apple shares the firm still had going into Q1. Tiger, which has owned Apple for years, had pared its stake from 101K in Q4.
MD (AMD +5.8%) is continuing this spring's take-no-prisoners rally/short-squeeze - shares are now up 83% from their April 18 low. The chipmaker announced a reference design (powered by its Opteron 6300 server CPUs) for Facebook's modular Open Compute server platform.
AMD claims servers based on its design can drastically lower ownership costs for a PC virtualization deployment.
I was wondering what happened to "sell in may and go away" and realized today that it only applies to AAPL this year.
Nikkei 225 is over 15000 today, as accurately predicted by I Know First system last December
More Tepper: Turning to individual ideas, he says Citigroup has become one of his biggest positions. On Apple : If the company doesn't have something "revolutionary" coming, it better do something "evolutionary" - bigger screen, cheap iPhone. If we don't see anything by September, then it's "Houston we got a problem," and Tepper hopes he's quicker on the sell button than everybody else.
AIG is back near its 52-week high as David Tepper gives the stock a shout on his CNBC interview and Jeremy Hoskins - presenting at London Value - makes the familiar bull case: Trading at a fraction of book value, a cyclical improvement in underwriting results, and a hoped-for $5B/year in buybacks reducing the share count by 30% by 2015.
Gold is the only market where you can see huge increases in demand for real metal combined with falling prices defying the law of supply and demand. Yet many still cling to the belief that the market is free and fair. 2 and 2 clearly no longer equals 4.
Tepper stays bullish. Confounding gnomes who whispered the hedge fund honcho was turning cautious on stocks, David Tepper tells the CNBC crew the wave of liquidity that turned him bullish in the first place is getting even bigger. Fed tapering? So what, he says.
The U.S. budget deficit over the next 6 months will only be $100B, while the Fed is scheduled to buy about $500B.
That's $400B coming out of the bond market and going to investors who can buy more fixed-income, more real estate, more stocks.