Billionaire David Tepper Dumps Oracle, Invests in Financial Sector with Analysts Bullish on Outperformance

Billionaire David Tepper's hedge fund Appaloosa dumped its Oracle stake in Q3 and invested heavily in the financials sector, which Wall Street expects to outperform next year. Appaloosa purchased shares in Fiserv, Truist Financial, KeyCorp, Citizens Financial Group, Comerica, Western Alliance Bancorp, and Zions Bancorporation. Tepper's track record includes annual returns of at least 25% for decades.