Billionaire Einhorn’s Top New Stock Picks Include General Motors Company (GM), Macy’s, Inc. (M), Sunedison Semiconductor Ltd (SEMI)

Greenlight Capital introduced Macy’s, Inc. (NYSE:M) to its equity portfolio during the first quarter. The fund manager now owns 1.68 million shares of the retailer, with a market value of $109.05 million. The shares of the retail store chain have improved 4.5% year-to-date and it has a current market cap of $23.36 billion. The retailer reported weaker-than-expected first quarter results and missed Wall Street’s expectations in both its revenue and earnings. Macy’s, Inc. (NYSE:M) reported quarterly revenue of $6.23 billion and net income of $193 million, with both also falling short of the company’s year-over-year revenue of $6.28 billion and income of $224 million. Wall Street was expecting a net income of $212.05 million on quarterly revenue of $6.32 billion, as reported by Thomson Reuters. Some of the primary investors of Macy’s, Inc. (NYSE:M) include Impala Asset Management, Stelliam Investment Management, and Parag Vora‘s HG Vora Capital Management.

Sunedison Semiconductor Ltd (NASDAQ:SEMI) is the third-largest stock addition in the portfolio of the investment manager. The current position of Greenlight Capital in Sunedison Semiconductor Ltd (NASDAQ:SEMI) amounts to 2.7 million shares of the solar energy company, with a market value of $69.71 million. The Singapore-based manufacturer of silicon wafers has a market cap of $972.09 million with P/S ratio of 1.16. The semiconductor company had a rough first quarter with its net sales declining 3.3% year-over-year to $199.4 million. On the other hand, its gross profit was up by 107.2% year-over-year. Baupost Group and SRS Investment Management are among the largest shareholders of Sunedison Semiconductor Ltd (NASDAQ:SEMI).

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