Balyasny Asset Management Increases KBR Position

Dmitry Balyasny's hedge fund Balyasny Asset Management has filed a 13G with the SEC regarding its position in KBR (KBR).  Per the filing, Balyasny now owns 5.57% of KBR with over 8 million shares.

They've increased their position size by over 6.97 million shares since the end of the second quarter and the filing was required due to portfolio activity on December 11th.

Just yesterday, we posted up about another stock Balyasny has been buying.

Per Google Finance, KBR is "a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets."

James Altucher Likes Agriculture, Infrastructure for Obama Presidency

James Altucher, managing partner of Formula Capital recently sat down with Aaron Task over at Tech Ticker to discuss stocks poised to benefit from an Obama Presidency, now that we know he will for sure be in office. Altucher mentions he likes agriculture and infrastructure and seems them both as very cheap. Specifically, he likes Mosaic (MOS) and KBR (KBR). Also, he mentioned to check out closed end municipal bond funds, seeing how he anticipates Obama to raise taxes on dividends. Lastly, Altucher was not all that bullish on alternative energy, claiming, "The second there is an alt energy bill, oil will fall to $40 -- then we don't need it anymore." You can check out his thoughts here.