Leon Cooperman Reveals Top Stock Picks

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Omega Advisors chairman and CEO Leon Cooperman was on CNBC revealing his favorite stocks. Cooperman characterized his hedge fund as value oriented.

Cooperman said they rotated out of Apple (AAPL) when it was in the 600’s into Qualcomm (QCOM), which trades at a mere 14 times earnings with a fortress balance sheet. Cooperman added that QCOM’s chips are ubiquitous in smartphones and it could grow 10% going forward while repurchasing $5 billion worth of stock.

Also in the smartphone space, Cooperman mentioned Motorola Solutions (MSI) as being an attractive investment.

Cooperman spoke of medium-sized European stocks Michelin (MGDDY), oil services company Technip (TKPPY), Swatch (SWGAF), and health care company Fresenius (FMS) as being reasonably valued.

Cooperman said a REIT paying 11%, Chimera Investment (CIM), could represent a turnaround situation.

Sandridge Energy (SD) was viewed favorably by Cooperman with an underlying business value of $10 per share, 50% higher than where it’s presently trading.

Back in January, Cooperman said stocks were not in a bubble, but bonds were [link].

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One Comment

1. 

   The Master

   October 17, 2013 at 4:03 pm

   Shame on Leon for touting his holdings before the coming devastating worldwide collapse in equities.

   Reply