Billionaire Steve Cohen’s Top Consumer Picks Include Starbucks

Accessories designer and retailer Fossil Inc (NASDAQ:FOSL) was another of Cohen’s consumer picks with the 13F disclosing a position of 1.6 million shares. At a market capitalization of $6.3 billion, Fossil carries trailing and forward P/Es of 19 and 15 respectively. While the stock price is down 20% in the last year against a rising market, the company has actually turned in a good financial performance and seems worthy of further investigation. Ricky Sandler’s Eminence Capital added shares of Fossil between October and December and closed 2012 with about 950,000 shares in its portfolio (research more stocks Sandler was buying).

Cohen and his team reported a position of 2.5 million shares in $3.1 billion market cap auto parts company Visteon Corp (NYSE:VC), which provides climate and electronics components. Since demand is tied to the auto market the stock price is highly sensitive to changes in broader market indices, giving it a beta of 2.3. While the trailing earnings multiple is a bit high, the sell-side expects an improved bottom line over the next couple years leading to a forward P/E of 12. JANA Partners, managed by Barry Rosenstein, had 1.9 million shares at the end of the fourth quarter according to its own 13F (check out Rosenstein’s stock picks).

SAC owned 2.6 million shares of Nike, Inc. (NYSE:NKE) at the beginning of January after moving heavily into the stock over the previous three months. Nike is another growth stock, as it trades at 25 times trailing earnings. Its most recent quarterly report- for the fiscal quarter ending in November 2012- showed an 18% decline in earnings compared to the same period in the previous fiscal year though sales were up 7%. Billionaire Ken Griffin’s Citadel Investment Group increased its stake in Nike to 2.1 million shares (see more stocks Griffin liked). We think that the valuation may be a bit high here as well.

Disclosure: I own no shares of any stocks mentioned in this article.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!