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Investor David Tepper’s Firm Buys Whirlpool, American Air, Goodyear in 3Q, Unloads Intel

1. Appaloosa bought 5.2M shares of Whirlpool, raising total holdings to 5.5M. 2. Whirlpool stock rose 3% after Appaloosa's investment disclosure. 3. Whirlpool is deemed out-of-favor, with a 40% decline this year. 4. David Tepper, a notable investor, leads Appaloosa's contrarian strategy. 5. Appaloosa also invested in depressed stocks like Goodyear and American Airlines.

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FAQ

Why Bullish?

David Tepper's investment typically signals confidence in WHR's turnaround, enhancing investor sentiment.

How important is it?

Tepper's purchase is noteworthy; his strategies can influence market direction and investor behavior.

Why Short Term?

The immediate market reaction (3% rise) suggests a short-term boost in WHR stock.

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