Billionaire Steve Cohen’s Completely Revamped Top Picks: Visteon Corp (VC), EQT Corporation (EQT), Suncor Energy Inc. (USA) (SU)

Suncor Energy Inc. (USA) (NYSE:SU) is the third-ranked long position in the equity portfolio of Point72 Asset Management. The investment manager owns 6.46 million shares of the Canadian energy company, sporting a market value of $188.91 million. Cohen made an additional purchase of 5.87 million shares of the Canadian oil producer during the quarter. Suncor Energy Inc. (USA) (NYSE:SU) had a rough first quarter primarily because of the fall in crude oil prices which lead to a quarterly loss of CA$341 million (US$279 million) in the first quarter of 2015. Suncor reported operating earnings of CA$175 million (US$143 million) in the first quarter of 2015 against operating earnings of $1.79 billion (US$1.47 billion) in the prior year quarter. As such, the Canadian oil company’s cash flow from operations crumbled to CA$1.48 billion (US$1.21 billion) from CA$2.88 billion (US$2.36 billion) in the year ago quarter. Berkshire Hathaway, Tetrem Capital Management, and Cliff Asness‘ AQR Capital Management hold major investments in the oil producer.

Dollar Tree, Inc. (NASDAQ:DLTR) is another holding of Point72 Asset Management’s that it added onto significantly during the first quarter, by 180%. The current position of Cohen amounts to 2.05 million shares with a value of $165.98 million. The discount variety store offers merchandise at a fixed price of $1.00 and its share price has improved 7.86% year-to-date. The retailer is going to report its first quarter earnings on May 21 with Wall Street optimistic about the results, predicting profit of $0.74 per share, which would be 10.45% higher than the per share profit during the same quarter last year. The revenue of Dollar Tree, Inc. (NASDAQ:DLTR) is also expected to improve 10% year-over-year to $2.20 billion.

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