From Gundlach to Sundheim: Sohn Conference's 2019 Trade Ideas
- Shorts include rail-car leaser GATX, Brazilian rates and 3M
- Netflix, seen eventually hitting $1,000, among long pitches
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Daniel Sundheim said he sees Netflix Inc. surpassing $1,000 in the next four to five years. Jeffrey Gundlach said to bet on interest-rate volatility. And Scott Goodwin said the sun is setting on the age of plastics.
These are among the ideas shared at the Sohn Investment Conference, one of the hedge fund industry’s biggest annual events, in New York on Monday. In a fast-talking presentation, Larry Robbins mentioned a bet against 3M Co., while after Cormorant Asset Management’s Bihua Chen described Reata Pharmaceuticals Inc. as a potential “10-bagger,” its shares rose. Other presenters recommended trades including Brazilian interest rates and currency and Las Vegas Sands Corp.