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Billionaire David Tepper Bought 1 High-Yield Dividend Stock in Q2 and Sold Another. Should You Follow His Lead?

The Motley Fool
Summary
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72% Informative

David Tepper bought one high-yield dividend stock in the second quarter of 2024 and sold another in Q2 .

Tepper cut Appaloosa 's stake in Energy Transfer ( NYSE : ET) by nearly 10.9% .

The hedge fund manager isn't an income investor for one simple reason: He doesn't need the income.

The billionaire could have viewed UPS as a great turnaround play.

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64

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formal

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English

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35

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short-lived

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https://www.fool.com/terms/f/forward-pe/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=8a87ea94-7671-402e-9ec2-7695490919c4https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ce09d16c-187b-4f40-9b39-a14303d6c878&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26amp%253Bsource%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D13885&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=8a87ea94-7671-402e-9ec2-7695490919c4https://www.fool.com/author/2035/https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=ce09d16c-187b-4f40-9b39-a14303d6c878&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D13885%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DUnited%2520Parcel%2520Service&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=8a87ea94-7671-402e-9ec2-7695490919c4https://www.fool.com/terms/f/forward-dividend-yield/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=8a87ea94-7671-402e-9ec2-7695490919c4https://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/investing/2024/08/19/billionaire-david-tepper-bought-1-high-yield-divid/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=8a87ea94-7671-402e-9ec2-7695490919c4

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