Speaking as a guest on CNBC's "Fast Money Halftime Report" last week, Cooperman explained that his analysts have held a "very bullish" stance on the stock market, which implies his value-oriented Omega Advisors' hedge fund couldn't be as aggressive as had hoped.
Cooperman still believes that there are stocks that fit in with his value-oriented strategy, including mega-large cap names like Alphabet Inc GOOG GOOGL and Facebook Inc FB — both of which he has no problem buying at current prices.
In Alphabet's case, the stock is trading at just 18.4x next year's earnings while Facebook is trading at 17x earnings.
"Not expensive — not expensive at all," he emphasized.
19 Stocks To Follow
Cooperman told CNBC he is closely watching 19 different stocks, including Facebook and Alphabet.
Here is the full list:
- AerCap Holdings N.V. AER.
- Allergan plc Ordinary Shares AGN.
- AMC Entertainment Holdings Inc AMC.
- American International Group Inc AIG.
- ARRIS International plc ARRS.
- Dow Chemical Co DOW.
- First Data Corp FDC.
- Hess Corp. HES.
- Keane Group Inc FRAC.
- MGM Resorts International MGM.
- Nabors Industries Ltd. NBR.
- Navient Corp NAVI.
- PVH Corp PVH.
- Shire PLC (ADR) SHPG.
- United Continental Holdings Inc UAL.
- Walgreens Boots Alliance Inc WBA.
- WPX Energy Inc WPX.
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