If you were looking to kibitz with a hedge fund manager yesterday, you should have attended the Sohn Investment Conference, the most prestigious event on the investor calendar (also, the proceeds benefit causes like pediatric cancer).
What happens at the conference: The brightest stars in finance dish on their favorite (and least favorite) stocks. And if you think their public statements don’t matter, let us introduce you to the “Einhorn Effect“-named after hedge fund manager David Einhorn. When he speaks, in the words of one writer, “it’s like jolting the company with a cattle prod.”
And for one lucky stock, the Einhorn Effect was in full effect
Here’s what happened to Box when Chamath Palihapitiya said the cloud storage company is in a prime position to leverage innovations in AI.
- Jeff Gundlach of DoubleLine Capital says buy energy, short Facebook.
- Investors are bullish on stocks catering to millennials, like GrubHub.
This article provided by Morning Brew – your daily fix for everything business, from Silicon Valley to Wall Street. Click *here* to sign upw for the daily e-newsletter that cuts through the bs and gives you a quick and conversational round up of all things business every morning. Original article: https://www.morningbrew.com/stories/highlights-from-the-investing-event-of-the-year/