Robin Hood Conference Day II: Best Ideas From Icahn, Tepper, Robbins, Others

Robin Hood Conference Day II: Best Ideas From Icahn, Tepper, Robbins, Others

Day two of the Robin Hood Conference is in the books, and of course it was filled with ideas from some of the biggest names on Wall Street. ValueWalk will be covering some other great conferences including Capitalize For Kids / Sohn Toronto On October 23rd and 24th, make sure to sign up for our free newsletter to ensure you do not miss it!

Robin Hood Conference: Carl Icahn talks eBay, Warren Buffett, Herbalife

Shares of eBay Inc (NASDAQ:EBAY) climbed on Tuesday and continued rising this morning after Carl Icahn said the company “got a jewel in PayPal.” He spoke on Bloomberg TV from the Robin Hood Investors Conference on Tuesday. He suggested that eBay should be considering looking for a buyer and that the online auction giant took too long to spin off PayPal.

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Icahn also talked about Warren Buffet, who has lost more than $1 billion this week after weak earnings report from The Coca-Cola Company (NYSE:KO), International Business Machines Corp (NYSE:IBM) and others. Icahn thinks Buffett is “way too easy” on some of the companies he invests in.

The activist investor also said he wouldn’t be selling Herbalife Ltd. (NYSE:HLF) anytime soon.

Robin Hood Conference: Dan Loeb says Amgen should break up

In his presentation, Dan Loeb of Third Point said he likes Amgen, Inc. (NASDAQ:AMGN). If the company breaks up, he thinks it could be worth up to $249 per share. He also said he has spoken with Amgen management.

Shares of Amgen shot upward on Tuesday after Loeb’s comments, although they edged downward by nearly 1% in morning trading today.

Also see his Q3 letter here – where Loeb discusses those topics.

Robin Hood Conference: Larry Robbins likes Community Health, Realogy, Fidelity, VCA Antech

Glenview Capital Management’s Larry Robbins recommended long positions on four stocks: Community Health Systems (NYSE:CYH), VCA Inc (NASDAQ:WOOF), Realogy Holdings Corp (NYSE:RLGY) and Fidelity National Financial Inc (NYSE:FNF). Shares of all four companies rose after Robbins’ presentation.

Robbins said he likes these companies because he believes Millennials will finally be able to move out of their parents’ homes, get married and start families. He expects birth rates to rise after declining by 8% between 2007 and 2012.

Robin Hood Conference: Whitney Tilson likes Sodastream, Micron

Kase Capital’s Whitney Tilson said in his presentation that he’s long on Sodastream International Ltd (NASDAQ:SODA) and Micron Technology, Inc. (NASDAQ:MU). Shares of both companies rose on Tuesday after Tilson’s comments.

He’s short on Lumber Liquidators Holdings Inc (NYSE:LL) and EXACT Sciences Corporation (NASDAQ:EXAS). Shares of Lumber Liquidators dipped on Tuesday and plummeted by as much as 9% in regular trading today. EXACT Sciences shares had a bumpy ride on Tuesday and continued the trend in morning trading today.

Robin Hood Conference: David Tepper on the euro

Appaloosa Management’s David Tepper said he’s short the euro because he thinks the European Central Bank is being too tight with its quantitative easing efforts. He believes the central bank will have to improve its balance sheet if it is going to lift the Eurozone out of recession.

Tepper also said he likes short-term debt in the European Union, particularly two- or three-year bonds.

Robin Hood Conference: The biggies from Robin Hood Conference day 1

On day one, Robin Hood attendees heard from David Einhorn, who said again that he he’s long on Sunedison Inc (NYSE:SUNE), sending the company’s shares soaring after he said they could be worth $32. He also said he was long on TerraForm Power Inc (NASDAQ:TERP) and that he owns warrants on a number of Greek banks. Additionally, he’s short on French debt.

Jim Chanos of Kynikos Associates recommended a short position on Petrobras, as it misses its guidance for production frequently and continues to have negative cash flow from some of its deep water projects.

Some brief coverage of other speakers below

Paul Tudor Jones (Tudor Investment Corp): Thinks commodities will be a mess until 2020, likes US stocks.

Scott Ferguson (Sachem Head): Long Comcast (CMCSA). He previously worked at Ackman’s Pershing Square.

Keith Meister (Corvex Capital): Long Crown Castle International (CCI), also long Allergan (AGN).

Zach Schreiber (PointState Capital): ex-Duquesne guy, used to work with Stan Druckenmiller. Long Cheniere Energy (LNG).

Nehal Chopra (Tiger Ratan Capital): long Charter Communications (CHTR)

Fred Wilson (Union Square Ventures): Venture Capital, not equities but insinuated he’d be short Netflix (NFLX), Amazon (AMZN), and eBay (EBAY).

Tom Wagner (Knighthead Capital): long American Airlines (AAL)

Matthew Sidman (Three Bays Capital): long Churchill Downs (CHDN)

Ricky Sandler (Eminence Capital): long Telefonica Brasil (VIV) and eBay (EBAY)

Traci Lerner (Chesapeake Partners): long American Airlines (AAL), Gencorp (GY) and Eagle Materials (EXP)

Ivy Zelman (Zelman Associates): long homebuilders, Lennar (LEN), Pulte (PHM), Toll (TOL), as well as Fortune Home & Security (FBHS) and Mohawk (MHK).

Bill Eigen (JPMorgan): Short bonds to play volatility

Nathaniel August (Mangrove Partners): Short Worldwide Wrestling Entertainment (WWE), long Fortress Investment Group (FIG)

Oleg Nodelman (EcoR1 Capital): long Clovis (CLVS)

Amish Mehta (SQN Investors): long Blucora (BCOR)

More coverage of the Robin Hood Conference

Robin Hood Conference Day 1: Best Ideas From Einhorn, Chanos, Wagner

David Einhorn At RobinHood: Long Sune, Greece, Short France [SLIDES]

Carl Icahn ‘No Brainer’ HY Bubble; Buffett Too Easy On Some Companies; Not Selling Herbalife

Jim Chanos Says Petrobras is a ‘Scheme, Not a Stock’ [FULL TRANSCRIPT]

David Tepper Talks Bonds, Buffett, Gross, Charity, More [VIDEO, TRANSCRIPT]

Greenlight’s David Einhorn Still Long SUNE, Hedges On Europe

Einhorn at Robin Hood Recommends TERP And SUNE

Jim Chanos: Petrobras Is a Scheme [FULL VIDEO]

Corvex Management – 2014 Robin Hood Conference [SLIDES]

David Einhorn Talks Apple, Fund Opening, Opportunities [FULL VIDEO]

Tom Wagner, Knighthead Capital, Long American Airlines [VIDEO]

Keith Meister Talks AGN Saga, Explains Bullish Crown Castle Thesis

Nathaniel August, Mangrove Partners Founder: Long FIG, Short WWE

Carl Icahn Talks With Bloomberg At Robin Hood Conference [FULL TRANSCRIPT]

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