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Don't remind me again today

Billionaire hedge fund manager David Tepper just made a bold move that's worth paying attention to.



His fund Appaloosa dumped its entire Oracle stake (150k shares) in Q3, after the stock surged 40% on AI hype. Smart timing—Oracle's been getting hammered lately as margin concerns and sky-high infrastructure costs weighed on the narrative.

But here's the plot twist: instead of sitting in cash, Tepper went all-in on **financials**—a sector that's been lagging the broader market. He loaded up on regional banks like Fiserv, KeyCorp, Truist, and Comerica with millions in shares.

Why the bet? Deregulation could be coming. If the Fed cuts capital requirements, banks can deploy more capital into lending and buybacks. Plus, several of these regional players could become acquisition targets. Case in point: Comerica got bought out shortly after Tepper's move.

Wall Street's quietly bullish on this sector too. Morgan Stanley's overweight, and analysts are eyeing the potential upside. Financial sector might just be the contrarian play that pays off.
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