In 13-F filings with the Securities and Exchange Commission, Daniel Loeb's Third Point, Soros Fund Management, Paulson and Company, Viking Global Investors, Jana Partners, David Tepper's Appaloosa Management and Julian Robertson's Tiger Management, all disclosed large stakes in Chinese e-commerce giant Alibaba. Both David Einhorn's Greenlight Capital and Appaloosa Management trimmed their positions in Apple. Warren Buffett's Berkshire Hathaway added to holdings like Charter Communications, which it more than doubled its stake in, General Motors, MasterCard and Visa. Its only new purchase during the quarter was 450,000 shares of Express Scripts for about $32 million. Buffett sold the rest of his stake in John Deere and also decreased his holdings in ConocoPhillips and Phillips 66.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.