Market Folly's Back, New Steve Cohen Positions, etc

You may not have noticed but toward the end of last year my friend Jay at Market Folly went quiet for a little while.  I noticed because he’s been one of my favorite bloggers since before I started blogging myself.  I started getting the feedreader emails again and I’m really glad that Market Folly is back.  No one keeps you updated on the latest buys and sells of the big boys like MF does, period.

For example, did you know that SAC’s Steve Cohen has been loading up on American Eagle Outfitters ($AEO) of late?  It’s a cheap stock but it’s always been a cheap stock.  What’s going on?

Steve Cohen’s hedge fund SAC Capital filed two 13G’s with the SEC regarding transactions in American Eagle Outfitters (AEO) and Peet’s Coffee & Tea (PEET) this month.

American Eagle Outfitters (AEO)

Per their 13G filing, SAC increased its position size by 1056% since the close of the third quarter. SAC Capital now owns 9,418,880 shares of AEO, or 4.9% of the company.

This is up massively from the 814,560 shares they owned at the end of Q3. This 13G filing was triggered due to activity on January 18th.

Cohen is also stocking up on Peet’s Coffee & Tea ($PEET), a red-hot name with none of the $GMCR drama attached to it.  Head over to Market Folly for that purchase and more.

Welcome back, Jay!



Steve Cohen’s SAC Capital Boosts Positions in American Eagle Outfitters (AEO) & Peet’s Coffee (PEET): 13G Filings (Market Folly)

Tags: , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. bitcoin evolution review commented on Sep 28

    … [Trackback]

    […] Read More here on that Topic: […]

  2. scotia online commented on Nov 27

    … [Trackback]

    […] Info on that Topic: […]

  3. best cbd reddit commented on Nov 27

    … [Trackback]

    […] Read More on to that Topic: […]

  4. td trust login commented on Nov 29

    … [Trackback]

    […] There you will find 60559 additional Info to that Topic: […]

  5. 토렌트사이트 추천 commented on Dec 19

    … [Trackback]

    […] Here you can find 48351 more Info on that Topic: […]

  6. diamond painting commented on Dec 29

    … [Trackback]

    […] Read More on that Topic: […]

  7. tangerine bank login commented on Jan 06

    … [Trackback]

    […] Read More on that Topic: […]

  8. cheap wigs commented on Jan 24

    … [Trackback]

    […] There you can find 93729 more Information to that Topic: […]