Leon Cooperman just threw out a bunch of stock picks for a bull market
May 4, 2015, 1:50 PM
3,674
Reuters/ Rick WilkingLeon Cooperman has some bearish picks.See Also
Everything you need to know before the biggest hedge fund conference of the year kicks off next week
After a near-death experience, a Bank of America VP started the charity that Wall Street is talking about
Dan Loeb revealed a stake in YUM! Brands and the stock is shooting up
At least someone on Wall Street is bullish right now.
Leon Cooperman, chairman and CEO with Omega Advisors, says he thinks the stock market will end higher for 2015.
“Historically, after the first Fed rate hike, the market was nine-and-a-half percent higher” for the first year afer rate tightening, he said. Cooperman presented his picks Monday afternoon at the Sohn Conference Foundation at Lincoln Center in New York. “Bear markets do not materialize out of immaculate conception.”
Outside of historical Fed factors, Cooperman pointed to market economists,
“They don’t see a recession arising,” Cooperman said, adding: “If we go into a vicious bear market then my picks won’t work.”
But Cooperman does have some picks for a bull market:
Actavis: “a projectable 15% growth rate…”
Citigroup: “A bit of a turnaround… we met [CEO] Mike Corbat, we like his story.”
General Motors, Google, and Priceline, as well.
This went pretty fast, so here’s a screenshot of all of Cooperman’s pics from Bloomberg’s Joe Weisenthal:
Now, all of this bullishness isn’t to say he doesn’t have concerns.
“There’s lots to worry about in the geopolitical arena but I can’t forecast it,” Cooperman noted.
Still, Cooperman has his doubts on some fixed asset classes.
“If theres a bubble out there, there’s a bubble in the fixed income market,” he said.
NOW WATCH: 6 little-known Excel shortcuts that will impress your boss
Please enable Javascript to watch this video
Continued –
Leon Cooperman just threw out a bunch of stock picks for a bull market
