Although his family office isn’t technically a hedge fund anymore (a settlement with the SEC saw to that), many on Wall Street still regard billionaire Steve Cohen‘s Point72 Asset Management as one of the savviest institutions in the marketplace. Not only does the firm have one of the better risk-adjusted performance metrics in the industry (Cohen became a billionaire 13 times over from managing money, albeit mostly while running SAC, his fund’s former moniker), but the best and brightest still work for Point72.
Given those facts, Insider Monkey has put together a list of some of Steven Cohen’s favorite dividend stocks, which are ConocoPhillips (NYSE:COP), KAR Auction Services Inc (NYSE:KAR), Tesoro Corporation (NYSE:TSO), Eli Lilly and Co (NYSE:LLY), and Schlumberger Limited. (NYSE:SLB). Let’s take a closer look at these stocks and see how they were being traded in the second quarter.
Source: Insider Monkey
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