By: JULIA LA ROCHE
Billionaire hedge fund manager Leon Cooperman gave ten of his favorite stock picks at the CNBC/Delivering Alpha hedge fund conference.
Last year all ten of his stock picks were winners. He has a few repeats in this year’s bunch.
For his market outlook, Cooperman sees a correction in the equity markets in the next 12 months. He’s also bearish on bonds.
Cooperman gave his picks on one slide.
Here’s what we’ve got:
- Express Scripts (repeat from last year)
- Qualcomm (repeat from last year)
- Thermo Fisher Scientific (TMO)
Phoenix In The Ashes
- Sandridge Energy (SD) (This one has the highest risk/reward, Cooperman says)
Other picks include Arbor Realty Trust (ABR), Atlas Resource Partners, Chimera Investment Corp, THL Credit (TCRD) and KKR Financial Holdings.
Cooperman says that he’s “struggling” this year. CNBC anchor David Faber told him not to be so hard on himself, though.