U.S. Day Ahead: How the smart money is playing Apple
Thursday, February 14, 2013 - 02:52
Feb. 13 - Investors will find out how hedge fund titans are betting on Apple with the release of key 13F filings. Leon Cooperman's Omega Advisors has already dumped its stake and bought Facebook.
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Investors we'll find out where the Smart money have been placing its bets being two trillion dollar hedge fund industry has that gotten easy so called thirteen F filings. These will include positions from big money managers such as a black man stand alone and maybe nine more. Pay attention to any meaning apple. Einhorn will be in the spotlight after his attempts to get the company to unlock its 137. Billion dollar cash -- He's long the stock but he is whether he's got into his one point three million share position. We've already heard Leon government's opening advisories dump its stake in apple and not 3.2 million shares of FaceBook in the fourth quarter. Apple shares closed slightly. Separately we expect to find out who's. -- I'm Steve Cohen's fourteen billion dollar hedge fund and capital. Even though its flagship fund group by a -- -- 13% last year. The front is bracing for redemption request of as much as one billion dollars. Late last year the government told -- it may bring civil fraud charges against him after a former employee was charged with insider trading. Outside investors may -- roughly six billion dollars SEC capital and and he. Expectations are high when GM reports earnings profits could at least doubled to a record breaking fourteen point five billion dollars thanks to strong sales in North America and China. And special one off items. Focused on what CEO Dan Akerson said about -- he recently that the company expects to make modest gain there despite a contracting market. But one top star -- analysts and more pessimistic given rivals Ford lowered its outlook. It forecast a two billion dollar loss in Europe. Port 2013. Investors like GM shares are up 12%. In the past yeah. PepsiCo investors -- a few more signs of a turnaround when the company reports results. Look great profits are set to fall from the previous quarter and the year ago. It's all about what CEO Indra Nooyi -- about the outlook for the year he's already said the company wealthy high single digit earnings growth this year. That after an eight percentage point decline in 2012 -- reinvestment in advertising. Pepsi is up five per cent over the past three months after underperforming the S&P 510%. -- -- -- -- Twitter and writer in tighter and get more of our great video that Reuters dot com slash writers TV and we talked to the head of the NASDAQ Robert gripe about -- about the future of the exchange. PE firm Carlyle group recently approached the company about taking it I hit the talks fell apart after a disagreement on the right. I'm betting on this is right.
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