David Tepper (Trades, Portfolio) is known for making correct calls on the market and for producing stellar returns through his hedge fund, Appaloosa Management. Recently, he told CNBC he was “not as bullish” as he could be on stocks and advised investors to move more to cash. The statement marked a change from 2013, when he said he felt “definitely bullish” due to a stable private sector and a favorable combination of growth and Fed easing policy.
In that context, Tepper moved some of his portfolio out of consumer cyclical stocks and expanded his holdings of industrial stocks such as airlines to 26% of holdings from 16.9% last quarter.
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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.
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Tepper held four airline stocks at quarter-end and favored some more than others.
