Insider Monkey recently published an article detailing billionaire Carl Icahn’s top 10 stock picks. Icahn’s a hedge fund manager with more than $20 billion in managed security. Known to pick fights with other investors and billionaires, Icahn has earned the title corporate raider.
Here is Carl Icahn’s Top 10 Stock Picks.
Number 10 on Icahn’s list would be Herc Holdings Inc; Icahn Capital currently has 4.5 million shares in the company and is one of their most significant stakeholders. Herc is in the construction sector and is known to provide services and industrial equipment for rent. As economic activity is on the rise again and construction-related work continues, Herc Holdings is bouncing back.
Icahn Capital has 27.8 million shares in Xerox Holding Corporations. A company involved in technology and communication has recently made plans to invest in software, financing, and innovation businesses. These actions do not seem to be a good move as multiple long-term investments might pressure their earnings, as seen when their shares lost 5% in value.
Cloudera Inc is a company focusing on cloud data science and engineering where Icahn Capital owns 52.3 million shares. Recently, the company has signed a senior secured credit agreement, they have gained back 100% over the last year, and their revenue came back $794 million.
Icahn Capital is Navistar International Corporation’s most significant stakeholder with 16.7 million shares. A company that manufactures big automotives, their new acquisitions and investments in low-emission hydrogen power trucks has caused an increase in their stock value.
Rubbermaid’s parent company Newell Brand Inc. is number 6 on Carl Icahn’s list. Newell’s stock value went up by 80%, and their revenue jumped up to $2.7 billion, 3.1% more than expected. Icahn Capital has 43.7 million shares in this company.
The multinational corporation Cheniere Energy, Inc. is Carl Icahn’s 5th pick. Icahn Capital owns 16.2 million shares in this company. At present, the company seems to be in a good position moving forward on its investments and business opportunities because of the market and price disparities. Their stock prices rose to over 94%.
Icahn Capital is Herbalife, a California-based nutritional products company, most significant stakeholder with almost 20.5 million shares. In 2013 Icahn waged war against Bill Ackman on stock value, in 2019 Ackman lost $1 billion and his stake in Herbalife.
CVR Energy Inc’s stock prices went up 63% and increased its price to $31. While others do not approve of their venture into renewable diesel, others believe that they need to capitalize on the biomass market for a low-cost option.
Icahn Capital currently has 88.6 million shares in Occidental Petroleum Corporation, and currently, their stock prices were up by 149%. They currently have plans to lead net-zero emission operations and zero emissions on their products by the years 2040 and 2050, respectively.
Icahn Enterprises L.P. is a conglomerate with many investments in various industries and sectors in retail, automotive, and hotels. As of writing, their stock is up to 7.8%, and Carl Icahn has a 95% stake in the company.
To read more on Carl Icahn’s list and analysis, head on over to Insider Monkey’s Billionaire Carl Icahn’s Top 10 Stock Picks.
