Crispin Odey Remains Bearish On Equities, Which Says A Lot About These 5 Stocks He Likes

Owing to the greater than 15% rise in its stock during the second quarter, Amazon.com, Inc. (NASDAQ:AMZN) continued to remain Odey Asset Management’s fourth-largest equity holding at the end of the second quarter, even though the fund reduced its stake in the company by 17% to slightly above 200,000 shares during that period. With a year-to-date appreciation of almost 75%, it would be an understatement to say that Amazon.com, Inc. (NASDAQ:AMZN)’s stock has performed well for the year. The company announced today that it will be offering a new analytics service on its Amazon Web Services (AWS) platform beginning this week. Boykin Curry‘s Eagle Capital Management was another hedge fund that reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN), by 6% to almost 2.01 million shares, during the second quarter.

Fertilizer producer CF Industries Holdings, Inc. (NYSE:CF) jumped two places in Odey Asset Management’s U.S equity portfolio during the April-to-June period, thanks to the firm nearly quadrupling its stake in the company to 1.31 million shares during that time. Although shares of CF Industries Holdings, Inc. (NYSE:CF) remained largely flat during the first seven months of the year, the downward journey they started beginning in June has caused them to lose more than 10% year-to-date. On October 2, analysts at Citigroup reduced their price target on the stock to $57 from $75, while nonetheless maintaining their ‘Buy’ rating on it. In a recently-submitted 13G filing, billionaire David E. Shaw‘s firm D.E. Shaw revealed that it has increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 81.3% to around 12.32 million shares.

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