Leon Cooperman expects very little from the market and is only interested in individual stocks
Publishing timestamp: 2023-10-12 15:39:03
Summary
Billionaire investor Leon Cooperman remains bearish on the broader stock market and believes it is underestimating the risk of a fiscal crisis. He believes the unprecedented stimulus has created an artificial situation in the economy and expects very little from the market. Cooperman is not interested in stock market benchmarks but is instead looking for bargains in individual stocks. He advises buying his favorite cheap stocks, short-dated Treasurys, and avoiding long-term bonds. Some of his favorite value names are Tourmaline Oil and Paramount Resources.
Sentiment: NEGATIVE
Tickers: .GSP60CRX, .SPX, POU-CA,
Keywords: s&p 500 index, breaking news: markets, wall street, breaking news: investing, breaking news: business, stock markets, business news, investment strategy, leon cooperman, markets,