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Author Archives: Maureen Farrell
  • Wake us up when the US defaults, hedge funds say

    Fund managers are barely paying attention to the drama in Washington, because they say it's impossible to make bets ahead of a debt resolution. And nearly every fund manager expects a resolution, even if it goes down to the wire.

    "I'm still of the camp that this will get solved at the very last minute, and until then, there's nothing to do," a manager of a $6 billion hedge fund MORE

    - Oct 7, 2013 3:44 PM ET
  • Jim Chanos: Caterpillar is doomed

    Jim Chanos, the hedge fund investor best known for his prescient bet against Enron, has a new company he's betting against: Caterpillar (CAT).

    The founder of Kynikos Associates thinks that the industrial equipment maker will be a victim of a slowdown in commodities.

    "I believe the commodities super-cycle built on the back of the Chinese construction boom is coming to an end," Chanos said before an audience at the CNBC Delivering Alpha MORE

    - Jul 17, 2013 4:03 PM ET
  • John Paulson's advice: Buy a house

    John Paulson made billions betting against subprime mortgages. Now, he says buying a house is the best possible investment.

    If you already own a home, buy a second one. "You won't make returns that good by investing in me," Paulson told the audience at CNBC's Delivering Alpha conference in Manhattan on Wednesday.

    Paulson said that back in 2006, he was aware that housing was at its peak. Now, he thinks it's still MORE

    - Jul 17, 2013 3:35 PM ET
  • Priceline hits 52-week high

    If Priceline (PCLN) could name its own stock price, it would probably take this one. Shares of the online travel company hit a 52-week high Monday, jumping 3% after Priceline received an upgrade from Morgan Stanley's analysts.

    Morgan Stanley's analysts think Priceline's shares, currently trading around $880, can hit $1,010 as competition in the space declines. They also expect that Priceline has increased its market share of European travel.

    Should Priceline's shares follow Morgan Stanley's predictions, shares MORE

    - Jul 8, 2013 1:55 PM ET
  • Chipotle: The burrito hype continues

    Walk by any Chipotle Mexican Grill (CMG), and the lines for burritos and tacos usually appear endless. Investors are hungry for the stock too. It's up nearly 30% this year and approaching 52-week highs.

    That's not a good thing for two fund managers who have been making big bets against Chipotle's stock. Both Greenlight Capital's David Einhorn and Doubleline Capital's Jeff Gundlach have said they are shorting Chipotle.   

    Sassy_SPY
    Anyone MORE

    - Jul 3, 2013 12:44 PM ET
  • FedEx offers glum outlook on economic growth

    FedEx might offer the clearest look at the disconnect between the soaring stock market and the listless global economy.

    The world's largest freight carrier posted a 45% drop in its fourth quarter profits and offered its investors a cautious outlook for 2014, noting that customers are looking for lower-cost carriers internationally. FedEx said its outlook was based on expectations of just 2.3% GDP growth for the United States.

    FedEx
    Graf: "Overall, we expect MORE

    - Jun 19, 2013 12:07 PM ET
    Posted in: , , ,
  • Sony shares rally as Loeb ups his stake

    You're doing better Sony (SNE), but not good enough... yet.

    That's the latest message from Dan Loeb, the firebrand hedge fund manager known for vociferously agitating for changes at some of the world's largest tech firms.

    In a sign of "increased confidence," Loeb's Third Point hedge fund increased its stake in Sony to 70 million shares, or roughly 7%, from 6% in May.

    Related: Hedge fund targets Sony for spin-off

    At least part of MORE

    - Jun 18, 2013 2:36 PM ET
  • Gold prices drop 1%. Is $1,150 next?

    U.S. stocks were able to evade the rout in Asia, but gold wasn't so lucky.

    In fact, the precious metal has been one of the most jittery asset classes this year.

    Gold prices plunged to a two-year low in April on worries about slowing growth in China. Investors also shunned gold in favor of stocks, which have had a record-setting run this year...before all the recent volatility.

    Gold prices dropped more than 1% MORE

    - Jun 13, 2013 2:49 PM ET
  • Dole's stock goes bananas over CEO's bid

    Investors welcomed Dole CEO David Murdock's bid to take the international fruit company private Tuesday.

    Murdock offered $12 a share for the remaining 60% of Dole (DOLE) that he doesn't already own. Murdock returned to the helm of Dole earlier this year after David DeLorenzo left to lead Dole's Asia packaged food business as part of its sale to Itochu Corp. in Japan.

    jasonzweig
    you're as young as you feel: MORE

    - Jun 11, 2013 2:30 PM ET
  • Apple could be Pandora's destroyer

    Pandora (P) has been caught on the losing end of the forces of creative destruction in the music industry yet again.

    As rumors continue to swirl that Apple (AAPL) may be building out its own music station, Pandora's investors got spooked.

    Shares  of the Internet music company plunged more than 10% Monday.

     lamonicabuzz
    And somewhere, Jack Johnson is crying. Pandora getting hit hard by the latest $AAPL iRadio rumors. $P down nearly 13%.

    Apple is inching MORE

    - Jun 3, 2013 2:20 PM ET
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About This Author
Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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Stupid Stock Move of the Day
#StupidStock Move of the Day! $BA down more than 3%? Margins may not be as strong. But earnings & sales beat. Solid cash flow. Overreaction?
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