Icahn Finding Value in Netflix

While Netflix shares have been pummeled over the past year-and-a-half, hedge fund guru Carl Icahn is betting on them to rebound, perhaps due to Netflix’s attractiveness as a takeover target. In a regulatory filing, Icahn announced that he has acquired nearly 10% of the firm. “Netflix may hold significant strategic value for a variety of significantly larger companies that are engaging in more direct competition with one another due to the evolution of the internet, mobile… Read More

The Gurus Dig Deep For Resource Plays

In his latest article for Nasdaq.com, Validea CEO John Reese takes a look at some natural resource-related stocks that look attractive right now.  “With the world population continuing to rise, global economies running for the most part on non-renewable resources, and central banks injecting huge sums of money into the financial system in recent years, some of the world’s most successful investors have been bullish on natural resource-related stocks recently,” writes Reese, listing Jeremy Grantham,… Read More

Icahn: For Now, Focus on Jobs, Not Deficit

While acknowledging the U.S.’s budget problems, hedge fund guru Carl Icahn says now is not the time to be focusing on reducing the country’s deficit. “I think at this time, it’s not the time to be so obsessed about the deficit as it is to put these people back to work,” Icahn tells CNBC. Icahn also defends the Federal Reserve and Ben Bernanke, saying that Bernanke “did a great job” and that the Fed “saved… Read More

Icahn Worried, But Finding Opportunities

Hedge fund guru Carl Icahn sees serious threats to the equity market on the horizon, namely inflation and the eventual end of the Federal Reserve’s lax monetary policy. “Our country has been enjoying cheap commodities and finished products from Asia but as the middle class continues to grow in Asia, there will be competition for cheap goods and the bargain basement prices the U.S. consumer has enjoyed will end,” Icahn tells Fortune. “Inflation will follow,… Read More

Icahn: Overleveraging Is Back, Big Time

Hedge fund guru Carl Icahn says that the financial system isn’t working properly, and that the high levels of leverage that sparked the 2008 financial crisis have returned. “I really find it amazing that we’re almost back to where it was, where there is so much leverage going on,” Icahn tells CNBC. “”(There’s) just, way too much leverage, way too much risk taking with other people’s money.” Icahn says he thinks there could be “another… Read More

Icahn Warns of Correction

Billionaire hedge fund guru Carl Icahn says he’s concerned that a “major correction” for the stock market may be coming. “You’ve got to be myopic if you’re not at least concerned that there might be a major correction,” Icahn recently told the Financial Times. “[Ben] Bernanke has done a brilliant job but he can’t hold interest rates down for ever, and in any event he stops in June and we don’t know what happens after… Read More

Buffett, Icahn, and Paulson all Busy in Q2

The firms of several top investors were busy buying and selling stocks during the second quarter, and CNNMoney.com recently highlighted the moves of three of them. For starters, Warren Buffett’s Berkshire Hathaway added significantly to its position in Johnson & Johnson, CNNMoney reports. Berkshire also opened a new position in Fiserv, and upped its stakes in Becton Dickinson and Sanofi-Aventis. The firm also sold a chunk of its stake in ConocoPhillips. Carl Icahn’s hedge fund,… Read More

Icahn: Opportunities are there, but Amateur Investors Beware

Billionaire activist investor Carl Icahn tells CNBC that the economy is on a “precipice” and the market is “schizophrenic”, but he still sees opportunities in some areas. Icahn says he sees plays in advertising, telecom, the Internet and bankruptcies, but he also says amateur investors need to be very cautious because another downturn in the economy could result in a “bloodbath”. And, he says he doesn’t understand why “any individual in their right mind” would… Read More