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The following is a list of top Buys of David Tepper's Appaloosa Management, as released in its most recent 13F filing:

The Mosaic Co. (MOS)

Appaloosa bought 2,390,027 shares of Mosaic last quarter. It is a new position for the fund. The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. It is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients.

Mosaic's EPS forecast for the current year is $5.81 and next year is $6.21. According to consensus estimates, its top line is expected to decline 1% next year. Out of 22 analysts covering the company, 11 are positive and have buy recommendations and 11 have hold ratings.

Yesterday, S&P announced change to U.S. index according to which Mosaic will replace National Semiconductors (NSM) at the end of trading on Friday. I believe fertilizer stocks can perform better in this downturn as compared to 2008 recession due to relatively tight supply chain and higher grain prices which are helping farm economics.

Western Refining Inc. (WNR)

Appaloosa bought 2,798,374 shares of Western Refining last quarter. It is a new position for the fund. Western Refining, an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. The Company owns and operates three refineries with a total crude oil throughput capacity of approximately 221,000 barrels per day.

Western Refining's EPS forecast for the current year is $3.13 and next year is $3.14. According to consensus estimates, its top line is expected to grow 10.40% in the current year and 9.50% next year. Out of 11 analysts covering the company, six are positive and have buy recommendations and five have hold ratings.

To a big extent, the stock price of WNR is dependent on where the crude price is headed. I don’t think crude will see 2008-09 kind of decline again given the kind of money supply which has gone into the system thanks to fed stimulus and quantitative easings.

Google Inc. (GOOG)

Appaloosa bought 90,000 shares of Google last quarter. It is a new position for the fund. Google is primarily an internet search company. The Company maintains an index of Websites and other online content, and make it available through its search engine to anyone with an Internet connection. The Company generates revenue primarily by delivering online advertising.

Google's EPS forecast for the current year is $35.47 and next year is $42.06. According to consensus estimates, its top line is expected to grow 30.20% in the current year and 21.10% next year. Out of 39 analysts covering the company, 34 are positive and have buy recommendations and five have hold ratings.

Google’s recent Google Plus launch failed to live up to the initial hype. Hence, Google’s stock price declined after initial 25% jump. Google is trading at attractive valuations now. However, I would like to see it successfully addressing the Facebook threat, before becoming positive.

CVR Energy Inc (CVI)

Appaloosa bought 5,778,160 shares of CVR Energy last quarter and now holds 7,334,534 shares. CVR Energy is an independent petroleum refiner and marketer of transportation fuels. In addition, the Company also owns interest in CVR Partners, LP (the Partnership), a limited partnership which produces nitrogen fertilizers in the form of ammonia, and a solution of urea and ammonium nitrate in water used as a fertilizer.

CVR's EPS forecast for the current year is $4.13 and next year is $4.14. According to consensus estimates, its top line is expected to grow 24.30% in the current year and 11.50% next year. All six analysts covering the company are positive and have buy recommendations.

Valero Energy Corp (VLO)

Appaloosa bought 5,197,114 shares of Valero Energy last quarter and now holds 7,762,004 shares. Valero Energy is a North America's independent petroleum refiner and marketer. As of December 31, 2010, it owned 14 petroleum refineries, which were located in the United States, Canada and Aruba.

Valero's EPS forecast for the current year is $3.96 and next year is $4.11. According to consensus estimates, its top line is expected to grow 42.40% in the current year and 4.30% next year. Out of 21 analysts covering the company, 11 are positive and have buy recommendations, one has a sell rating and nine have hold ratings.

HollyFrontier Corp (HFC)

Appaloosa bought 508,901 shares of HollyFrontier last quarter and now holds 555,479 shares. HollyFrontier is an independent petroleum refiner that produces light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty and modified asphalt. It has two segments: Refining and Holly Energy Partners, L.P..

Holly's EPS forecast for the current year is $5.94 and next year is $5.11. According to consensus estimates, its top line is expected to grow 76.70% in the current year and 24.40% next year. Out of 18 analysts covering the company, 11 are positive and have buy recommendations and seven have hold ratings.

Tesoro Corp (TSO)

Appaloosa bought 1,130,211 shares of Tesoro last quarter and now holds 1,530,211 shares. Tesoro is an independent petroleum refiners and marketers in the United States. The Company's subsidiaries, operating through two business segments: manufacture and sell transportation fuels.

Tesoro's EPS forecast for the current year is $4.47 and next year is $3.80. According to consensus estimates, its top line is expected to grow 35.50% in the current year and 5.70% next year. Out of 20 analysts covering the company, six are positive and have buy recommendations, three have sell ratings and 11 have hold ratings.

Source: Analyzing 7 Big Buys Of David Tepper's Appaloosa Management