Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Stocks George Soros and David Einhorn Are Selling

Apple seems a contrarian sell for Soros

George Soros and David Einhorn

Motley Fool discussed stocks legendary investors George Soros and David Einhorn are selling, and in the group are a few surprises.

Einhorn, who garnered a significant amount of respect betting on the demise of Lehman Brothers in 2008, has been successful in his stock picks for Greenlight Capital, which has returned 18.9% since it was founded in 1996. Einhorn’s holdings Apple and Micron have been winners, but it is also worth noting what he is selling. Cigna Capital Corporation, American Capital Agency and National Oilwell Varco are stocks he has been unloading, to the tune of $250 million, $124 million and $120 million respectively.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Motley Fool noted that the sale of Cigna was significant, because it comes as the company returned 17.7% last year and is notable that Einhorn sold it ahead of a Supreme Court decision concerning Obamacare subsidies. It is likely he was taking gains in American Capital, which rose 31% last year, and that he sold National Oilwell Varco after a 6% decline, perhaps to avoid an additional decline in shares as oil prices are falling through the floor. 

George Soros sold Apple, Intel and Stryker for $150 million, $133 million and $130 million respectively. Apple has been a winner and a favorite portfolio holding for many fund managers. It is possible Soros thinks the upcoming iWatch release may not be all its cracked up to be, or perhaps he was taking profits. Intel rose 4.9%, but this gain perhaps seemed tepid. Stryker rose 17% on the Republican hopes that the medical devise tax would be repealed, and it was likely Soros was taking gains.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.