On March 28 Jim Cramer invited Phillips-Van Heusen’s (PVH) CEO, Emanuel Chirico, to his show. “You know how I feel about it. The stock is a solid long term buy,” Cramer said about PVH. In his market commentary, Cramer talked about stocks with international exposure. He said Marriott (MAR) and Starwood Hotels (HOT) are buys after Monday’s declines. He is also bullish about Caterpillar (CAT) which he has in his charitable trust. Cramer also thinks that Darden Restaurants (DRI) is worth a look. Cramer also talked about healthcare stocks. He favors Stryker (SYK) and Wellpoint (WLP). Cramer is also extremely bullish about Hospital Corporation of America (HCA).
Phillips-Van Heusen: PVH lost 4% so far in 2011. Ken Fisher is the only prominent investor with PVH holdings. Fisher had $9 million invested in PVH at the end of December.
Marriott: Marriott lost 9% since the end of December. Ken Fisher is again the only prominent investor in MAR, holding $17 million worth of MAR at the end of December.
Caterpillar: CAT returned 17% since the end of 2010. Ken Fisher had a huge $663 million position in CAT at the end of December. Jim Simons is another investor with a small CAT position.
Darden Restaurants: DRI lost 1% in 2011. There aren’t any significant hedge fund holdings in DRI.
Stryker Corp: SYK gained 13.8% since the end of 2010. Bill Miller and Jim Simons are among SYK investors.
Wellpoint: Wellpoint returned 22.4% so far in 2011. This insurance company underperformed the broader market in 2010, and 91 hedge funds saw an opportunity in this. At the end of 2010, 9% of Welpoint’s outstanding shares were owned by hedge funds. The stock returned more than 20% since the beginning of the year vs. the S&P 500 (SPY), which is pretty much flat with the recent declines. Appaloosa’s David Tepper bought Wellpoint during third quarter of 2010, right before the huge increase in the stock market and WLP. Lee Ainslie’s Maverick Capital also had a $120 million WLP position at the end of December.
HCA Holdings: HCA gained 6.2% since the end of 2010. There aren’t any significant hedge fund holdings in HCA.
Peabody Energy: BTU returned 13.7% since the end of December. Jim Simons had a $57 million position in BTU at the end of 2010.
AES Corp: AES gained 4.4% this year. This is one of Bill Miller’s largest positions. He had $577 million invested at the end of December. Steve Cohen also had $117 million worth of AES holdings.
Gentex Corp: Gentex returned 1.4% since the end of 2010. There aren’t significant hedge fund holdings in this stock.
Micron Tech: Micron is one of the best performing stocks so far in 2011, returning 44%. This was David Tepper’s biggest new stock purchase during the fourth quarter. He had a $142 million position at the end of December. David Tepper’s other stock picks also performed spectacularly. (Check out David Tepper’s new stock picks here.)