David Einhorn Reveals Five Stock Picks at Sohn Investment Conference

U.S. companies in transition that he believes will emerge stronger from their transformations while speaking Tuesday at the Sohn conference in New York. " He said he has found five companies across different industries in transition that he believes will emerge stronger, adding that though the companies face different problems, each had something resilient within their business models that gives him comfort.

The five picks were Acadia Healthcare, a mental-health and addiction treatment center conglomerate, Centene, a health insurer primarily focused on administering Obamacare plans, Fluor, a construction and engineering firm, Versant Media, a spinout from Comcast that includes CNBC, MS Now and other channels, and Victoria's Secret, the lingerie and women's clothing giant.

Einhorn believes these stocks could soar with prices jumping between 52 percent for Centene to 167 percent for Fluor, though without a singular driver. For some companies such as Fluor, macro tailwinds such as a large infrastructure boom will drive earnings growth.

Others have specific changes that will help them bounce back from a tough run or stand out in a crowded sector. " He also said Victoria's Secret has new leadership that is bringing back its "sexy DNA," which includes the annual televised fashion show.

U.S. Companies he is bullish on, including two he described as sexy. Einhorn is known for being an ardent short-seller of companies like Tesla.

Yet he spent his time in front of the Sohn audience this year pitching with optimism and a smile. He even did a little jig as a snippet of Gloria Gaynor's "I Will Survive" played before he laid out his case for Centene. Insider reported the details of Einhorn's presentation.