Crowds of investors and media professionals gathered in New York earlier this monthfor the 22nd annual Sohn Investment Conference. The event, dedicated to the memory of Ira Sohn, brings together some of the world’s most renowned hedge fund managers who share their top investment ideas while raising money for pediatric cancer research.
I was privileged to grab a seat at the exclusive conference and listen to the likes of Bill Ackman, David Einhorn, Keith Meister, Jeff Gundlach, and Debra Fine make their best pitches.
Here are three compelling ideas I heard — along with my on take on whether I think they can make you money.
Source: Getty Images
Will Tesla be a 7-bagger?
Chamath Palihapitiya of Social Capital sent murmurs (and several loud chuckles) through the crowd when he named Tesla (NASDAQ:TSLA) his top pick at this year’s conference. Palihapitiya, a former Facebook (NASDAQ: FB) executive and part owner of the NBA’s Golden State Warriors, made waves at last year’s conference when he called Amazon (NASDAQ: AMZN) a “10x opportunity in 10 years.”
Hot Heal Care Stocks To Buy For 2018: DBV Technologies S.A.(DBVT)
- [By Lisa Levin]
DBV Technologies SA – ADR (NASDAQ: DBVT) shares dropped 46 percent to $26.11 after the company disclosed that its peanut allergy trial failed to meet primary endpoint.
- [By Monica Gerson]
DBV Technologies SA ADR (NASDAQ: DBVT) is expected to post a quarterly loss at $0.60 per share.
Northern Technologies International Corp (NASDAQ: NTIC) is projected to post its quarterly earnings.
- [By Paul Ausick]
DBV Technologies SA (NASDAQ: DBVT) dropped about 53.5% Monday to post a new 52-week low of $22.33 after closing at $48.07 on Friday. The stock’s 52-week high is $50.57. Volume of around 12 million was about 60 times the daily average. The French drug maker’s peanut allergy treatment failed a phase 3 study.
- [By Lisa Levin]
DBV Technologies SA – ADR (NASDAQ: DBVT) shares tumbled 50.6 percent to $23.73 after the company disclosed that its peanut allergy trial failed to meet primary endpoint.
Connecture Inc (NASDAQ: CNXR) shares declined 40.8 percent to $0.290. Connecture reported that it will voluntarily delist from the NASDAQ for OTCQX Market.
Walter Investment Management Corp (NYSE: WAC) slipped 19.2 percent to $0.410. On Friday, Walter Investment Management disclosed that it has reached an agreement with term lenders and senior noteholders on financial restructuring.
Eldorado Gold Corp (USA) (NYSE: EGO) shares dropped 15.9 percent to $1.83. Eldorado Gold lowered its production guidance for its Kisladag operation.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) shares fell 15.4 percent to $1.04.
Future Fintech Group Inc (NASDAQ: FTFT) dropped 13.6 percent to $1.53. Future FinTech reported filing of proxy statement, including proposal for corporate restructuring.
Concordia International Corp (NASDAQ: CXRX) shares fell 12.3 percent to $0.500 after dipping 38.71 percent on Friday.
Aemetis Inc (NASDAQ: AMTX) shares declined 11.3 percent to $0.550
OncoSec Medical Inc (NASDAQ: ONCS) dipped 10.5 percent to $1.12. OncoSec reported a $7.1 million registered direct at-the-market offering at a price of $1.34375 per share.
Evoke Pharma Inc (NASDAQ: EVOK) shares fell 10.35 percent to $3.08 after the company disclosed 'positive' topline results from comparative exposure pharmacokinetic study for Gimoti.
Eiger Biopharmaceuticals Inc (NASDAQ: EIGR) shares dropped 9.4 percent to $11.60 as the company disclosed Phase 2 interim 24-week data with pegylated interferon lambda in Hepatitis Delta Virus infection at the American Association for the Study of Liver Diseases Meeting.
Viking Therapeutics Inc (NASDAQ: VKTX) shares slipped 6.6 percent to $2.80. Viking Therapeutics presented results from proof-of-concept study of VK0214 in in vivo
Hot Heal Care Stocks To Buy For 2018: PrimeEnergy Corporation(PNRG)
- [By Lisa Levin]
In trading on Thursday, energy shares were relative laggards, down on the day by about 0.18 percent. Meanwhile, top losers in the sector included PrimeEnergy Corporation (NASDAQ: PNRG), down 8 percent, and Aegean Marine Petroleum Network Inc. (NYSE: ANW) down 3 percent.
Hot Heal Care Stocks To Buy For 2018: US Foods Holding Corp. (USFD)
- [By Ben Levisohn]
Guggenheim’sJohn Heinbockel and team argue that a “purging of space is necessary” in retail, and recommend hiding in “industry leaders who canprofitably gain share and are not especially expensive,” like Michaels (MIK), Tractor Supply (TSCO), Restoration Hardware (RH), Kroger (KR),and US Foods Holding (USFD). They explain:
- [By Jayson Derrick]
But Amazon’s ultimate end-goal would likely be turning stores into “centralized distribution centers for groceries” but “we err on the futuristic side given Bezos thinks big.”
Kroger Co (NYSE: KR) may be best positioned to counter Amazon’s threat given its own data analytics capabilities. SYSCO Corporation (NYSE: SYY) and US Foods Holding Corp (NYSE: USFD) are likely safe as Amazon won’t move into the foodservice distribution space which is very different from serving individual customers.