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. In Alphabet's case, the stock is trading at just 18.4x next year's earnings while Facebook is trading at 17x earnings.
19 Stocks To Follow
Cooperman still believes that there are stocks that fit in with his value-oriented strategy, including mega-large cap names like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) — both of which he has no problem buying at current prices.
"Not expensive — not expensive at all," he emphasized.
Cooperman told CNBC he is closely watching 19 different stocks, including Facebook and Alphabet.
Here is the full list:
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