Hedge fund manager David Einhorn bets on CNH Industrial, citing its value and growth potential.

Hedge fund manager David Einhorn of Greenlight Capital has taken a medium-sized position in CNH Industrial, an agricultural machinery company, calling it an "under-the-radar value play." Einhorn, speaking at CNBC's Delivering Alpha conference, highlighted CNH's over 4% dividend yield, active stock buybacks, and potential for growth as the industry moves out of a bearish cycle and demand for new equipment picks up. CNH shares rose over 7% in extended trading after his comments.