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Actionable news in BAX: BAXTER INTERNATIONAL Inc,

2 Top Stock Picks From Superstar Hedge Fund Investor Dan Loeb

NEW YORK (TheStreet) -- In investing, you can learn a lot by paying attention to the greats, and it's hard to argue with the numbers Daniel Loeb, founder of the Third Point LLC hedge fund, has put up.

Third Point marked its 20th year on June 1: Over that time, it has posted annualized returns of 21%, vs. 9% for the S&P 500, CNBC reported, citing a letter Third Point sent to its investors.

Besides strong returns, Loeb is famous for calling out management teams he thinks are falling short when it comes to increasing shareholder value. His solution: push for board seats in the companies he invests in, and usually a new face in the CEO's office, too.

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for...