Reuters: Global Markets: Kynikos Associates' Chanos says he is short Caterpillar: CNBC

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Kynikos Associates' Chanos says he is short Caterpillar: CNBC Jul 17th 2013, 17:03 NEW YORK | Wed Jul 17, 2013 1:03pm EDT NEW YORK (Reuters) - Short-seller Jim Chanos of Kynikos Associates said Wednesday that he is betting against the shares of Caterpillar Inc. (CAT.N) and still has a short bet against Hewlett-Packard (HPQ.N). Caterpillar's stock price fell 2 percent after Chanos' comments, which were delivered at the CNBC Institutional Investor Delivering Alpha Conference. Billionaire hedge fund manager Leon Cooperman of Omega Advisors said at the conference that he likes Thermo Fisher (TMO.N) and Express Scripts (ESRX.O) stock. Hedge fund manager Chris Hohn, founder of The Children's Investment Fund Management, said he likes the stock of EADS EADFI.UL, automaker Porsche (PSHG_p.DE), and Aurizon (AZJ.AX). He said that order backlog and cuts in unit costs make him confident that EADS stock will double in the next two to three years. Kingdon Capital founder Mark Kingdon, meanwhile, said he likes Japanese autos on account of Abenomics, in reference to the loose monetary policies of Japanese Prime Minister Shinzo Abe. Kingdon said he likes Mazda (7261.T), Fuji Heavy (7270.T), and Toyota on account of those policies.

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