Einhorn Adds Peloton to Stocks With Upside

Billionaire hedge fund manager David Einhorn, co-founder of Greenlight Capital, is known for his value-oriented strategy that combines both long and short equity positions. Einhorn first rose to prominence by exposing accounting irregularities at Allied Capital in 2002. In the first quarter of 2025, Greenlight Capital posted an 8.2% gain, largely due to a 19% surge in its gold investment. Einhorn attributes this performance to inflationary pressures from the current Trump administration, which he believes could lead the Federal Reserve to lower interest rates. Among his top stock picks with significant upside potential are Capri Holdings Limited, Peloton Interactive, PENN Entertainment, Kyndryl Holdings, and HP Inc. The firm maintains a bearish outlook on inflation and a bullish stance on gold as a hedge.