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What’s Next for Heebner and CGM? (CGMFX, F, AAPL, DAL, SNDK, NTAP, MU, MGA, ORLY, WHR, C, BIDU)

Posted by Jason Smith at 11:31AM on November 1st

After posting average annual returns of 32% from 2000 to 2007, Ken Heebner’s CGM Focus (CGMFX) fund has hit a rough patch over the last couple of years, leaving many investors wondering when the once hot mutual fund manager will get…

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Airlines Soar On Earnings and Expectations (DAL, HA, AMR, LCC, JBLU, UAL, LUV)

Posted by Owen Vater at 2:02PM on October 20th

The airline sector took off on Wednesday after earnings reports from a number of industry players.

As a whole, the Airline Stocks Index is up by 4% today, and is now outperforming the S&P 500 by 8% over the last month.

Delta…

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Industry Group Hikes 2010 Airline Profit Forecast (CAL, LCC, UAUA, DAL, ZNH)

Posted by Owen Vater at 11:29AM on September 21st

Airline stocks took off on Tuesday after the International Air Transport Association more than tripled its 2010 industry earnings outlook to $8.9 billion from the $2.5 billion June forecast. The association noted that the airline recovery has been stronger and…

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Gutsy Moves Land Appaloosa’s Tepper In Vanity Fair 100 (C, BAC, WFC, PFE, JNJ, CF, M, UAUA, DAL, AMR, MRK)

Posted by Owen Vater at 9:35AM on September 3rd

Hedge fund billionaire David Tepper, whose New Jersey-based Appaloosa Management more than doubled the value of its flagship fund in 2009, earned a place in Vanity Fair’s 16th annual rankings of the 100 most influential people in the Information Age, set…

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What’s Next For Tepper and Appaloosa? (GS, WFC, BAC, C, STI, FITB, JNJ, MRK, PFE, VLO, YHOO, DAL, UAUA, AMR, AIG, STD)

Posted by Owen Vater at 10:11AM on August 12th

David Tepper made quite the name for himself and his Appaloosa Management last year when the fund returned an astounding 130% betting on distressed financial stocks at near rock-bottom prices. In the process, Tepper became the year’s top paid hedge…

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ExpressJet Doubles On Merger Agreement (XJT, SKYW, DAL, CAL, RJET, PNCL, CEA, ZNH)

Posted by Jason Smith at 11:37AM on August 4th

Corporate charter aviation and jet maintenance firm ExpressJet Holdings (XJT) signed a definitive merger agreement with SkyWest (SKYW), sending shares higher by 99% on Wednesday. SkyWest subsidiary Atlantic Southeast Airlines will pay $6.75 per ExpressJet share, totaling approximately $133 million in cash,…

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Stocks Recoup Fraction Of Friday’s Losses (HAL, HAS, DAL, PETS, IMAX)

Posted by Geoff Seiler at 4:45PM on July 19th

Stocks recovered some of Friday’s losses, but it wasn’t exactly an inspiring rally. There’ll be a lot of earnings news to chew on this week, which should help drive the direction of the market.

The Photographic Equipment Stocks Index was the top…

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Emerging Market Sectors Mixed After Tuesday’s Pullback (GOL, TAM, PNCL, DAL, UAUA, PTI, TTM, ROSYY, HIHO, CCM, PWRD)

Posted by Jason Smith at 3:45PM on June 30th

Domestic benchmarks were flat on Wednesday as traders recovered from Tuesday’s beatdown, but BRIC emerging markets stocks were mixed with select individual winners gaining as much as 5%.

As a whole, the Brazil Stocks and ADRs Index is up by 1% for…

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Airline Industry Recovery Could Happen Ahead of Schedule (AMR, CAL, DAL, UAUA, LCC, ZNH, TAM)

Posted by Anita Godse at 11:06AM on June 3rd

The airline industry could see a recovery in as little as two years due to increased demand in the U.S. and Asia, even as European demand lags, according to the AP on Thursday. The head of the International Air Transport Association…

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Heebner’s CGM Loads Up on Select Commodity Stocks (CGMFX, ANR, BHP, CLF, FCX, TCK, DAL, TJX, AAPL, CMI, F, GS, WDC)

Posted by Max Magee at 8:42AM on May 17th

Ken Heebner, well-known for his once high-flying CGM Focus Fund (CGMFX), was opening positions in some big-name commodity-oriented stocks during Q1, and making additional moves in other eclectic names as well.

After a roller-coaster 2008 that ended on a sour note, Heebner’s…

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