Top Holdings of Billionaire Carl Icahn

Billionaire activist investor Carl Icahn's top holdings,according to SEC Form 13F and InsiderSense, include:
1.Icahn Enterprises LP (IEP) 27.54%
2.Apple Inc (AAPL) 20.87%
3.CVR Energy (CVI) 10.48%
4.Paypal Holdings Inc (PYPL) 5.15%
5.Cheniere Energy Inc (LNG) 4.94%
6.Hologic Inc (HOLX) 3.95%
7.Nuance Communications (NUAN) 3.56
8.Freeport McMorAn (FCX) 3.47%*
Mr.Icahn's two nominees are to become members of Freeport McMorAn's board of directors.The company has been hit hard by the global decline of core commodity prices.It is the leading publicly traded miner of copper and the leading miner of molybdenum,with significant gold,oil and natural gas projects as well.Based in Phoenix,Arizona,Freeport has a global workforce of about 80,000 in North and South America,Africa and Indonesia.It has exploration targets in the Americas and Morocco.*
Carl Icahn,79,was educated at Princeton University,New York University and NYU School of Medicine.His New York-based firm,Icahn Enterprises,is a diversified holding company.Mr.Icahn,who sometimes appears on business television,has a net worth of 22.5 billion dollars.He is married to Gail Icahn and the father of Brett and Michele Icahn.

Should You Invest in CME Group

CME Group is a global futures exchange.It trades futures and options on currencies,commodities,interest rates,stock indexes and agricultural commodities.
We saw a real downturn in 2012.Our volumes are OK.There's been a lot of activity in energy and foreign exchange,said Terry Duffy,CME Group CEO.Gold coins didn't trade down.They're of more value than anything else.
Operational risk is what we all have.We're deploying so much technology on a daily basis.It allows us to be in 150 countries.The single largest investment CME has made in 150 years is technology.It's very expensive.
We pay one of the biggest dividends in the S and P 500.We feel very confident we've put the pieces together,that we can compete with anybody.
It's getting a little crowded,but that's alright.We have innovated for over a hundred years because of competition,and we think it's good,Mr.Duffy explained.
CME had a rough Q1.Profit was down 12.0%;revenue dropped 7.0% and trading fees declined.The stock was up 0.53% in Monday trading.CME has a market cap of 20.35 billion dollars.
CME Group,Inc(CME)

Asia This Day:Australian Fund Exec Urges Spending Restraint

Ripple effects from the slowdown of growth in China and Europe will be felt in the Australian mining sector.The CEO of Australian Foundation Investment Company,Ross Barker,urged mining companies to curb their spending on infrastructure projects while commodity prices fall in the difficult global environment.That is obviously something we would encourage,because we don't want to spend large amounts of money and not get good returns,Mr.Barker told the Australian Broadcasting Corporation.There is much more economic growth to feed through China and other emerging economies,but on the other hand,the period of huge cash flows from very high commodity prices will be coming to an end.There are still an enormously large number of mining projects in train.The big question for intermediate to long term investors is,how many of them will actually get up,the Australian fund executive asked.
AFI has a market capitalisation of some 4.7 billion dollars Australian,or 4.5 billion American.It owns shares of big miners BHP Billiton and RioTinto.
Asian shares rose in early Monday trading on renewed confidence in the resolution of Europe's debt crisis,and Australian shares were no exception.Japan's falling industrial production number was brushed aside by investors.
At the London Olympics,China led the medals count with 12 total and 6 gold.The U.S. was second with 11 total and 3 gold,while Italy was third with 7 total and 2 gold.
Australian Foundation Investment Company,Ltd.(ASX:AFI)