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NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday ranging from online food ordering to homebuilders that should benefit from the growing clout of the millennial generation.

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FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

John Khoury, founder and managing partner of $2.7 billion hedge fund Long Pond Capital, revealed a long position in U.S. homebuilder D.R. Horton Inc (DHI.N), which he said should see a boost as more millennials age into the first-time home buyer market.

The country’s largest homebuilder has been increasingly focused on its entry-level segment, which it told analysts in January should grow strongly over the next three years.

At least two investors, meanwhile, pitched online food ordering companies. Alexander Captain, who runs Cat Rock Capital Management, introduced Dutch company Takeaway.com NV (TKWY.AS) while Lin Ran, who runs Half Sky Capital, pitched GrubHub Inc (GRUB.N), the parent company of Seamless. She said GrubHub averages $30 per order, and it earns 15 percent of each order, earning the roughly 15 percent, while spending growth at restaurants is outpacing spending at grocery stores.

“I like to call this chart ‘Millennials can’t cook,” Ran said, to laughter.

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Millennials, a term for those born between 1981 and 1996, are expected to become the largest generation in the United States in 2019, according to estimates from Pew Research.

Jeffrey Gundlach, one of the world’s most closely-watched investors, recommended a short position in social media giant Facebook Inc (FB.O) and a long position in the SPDR S&P Oil and Gas Exploration ETF

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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