Leon Cooperman Says Market Isn’t Overvalued Yet

In a recent interview with CNBC, Omega Advisors CEO Leon Cooperman characterized the stock market as “reasonably fully valued,” arguing that he is not yet seeing investor euphoria. According to CNBC, Cooperman said he evaluates stocks on a case-by-case basis, and argues that the economy is gaining momentum. He believes the tax bill makes sense and will mostly be a positive change for businesses. On the subject of bitcoin, Cooperman said he has no money… Read More

Cooperman Says Bear Market Is Not Imminent

On CNBC’s Halftime Report last week, Omega Advisors CEO Leon Cooperman shared his views on the market and its direction. “The market’s not cheap,” Cooperman said, “but it’s not expensive…it’s approaching normalization.” He shared that his fair value is approximately 17 times forward earnings and that, if President Trump can get tax reform through Congress, he forecasts $150 in S&P 500 earnings per share in 2018. Cooperman argued that “we have another 10 to 15… Read More

Omega’s Cooperman Says Investors in for a Strong 2017

According to a 51-page letter to investors penned by Leon Cooperman and Steve Einhorn of hedge fund Omega Advisors, “things are looking good for stock investors,” says a recent article in Business Insider. The article outlines some takeaways: Solid S&P 500 growth: The index, say Cooperman and Einhorn, can deliver an 8% to 10% return in the coming year, “consisting of earnings-per-share growth of approximately 8% (aided by a lower corporate tax rate and added… Read More

No Bear Market says Cooperman

Leon Cooperman of Omega Advisors doesn’t think a bear market is coming. He quoted Sir John Templeton: “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria,” and explained that he doesn’t see euphoria now. He also offered the following four reasons not to expect a bear market: He sees no signs of U.S. recession; He doesn’t think stocks are overvalued; He cannot foresee any geopolitical event that will… Read More

Cooperman Reiterates Positive Market Outlook. Says Oil in "Bottoming Zone"

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for… Read More

Cooperman Reiterates Positive Market Outlook. Says Oil in “Bottoming Zone”

Leon Cooperman of Omega Advisors lists a host of reasons why he remains optimistic about the market, telling CNBC that this bull market is not yet over. First on this list is that if a bear market were to begin today, it would be the first bull market to end without the Federal Reserve actually tightening interest rates. In the eight market cycles since the mid-1950s, stocks, on average, have gone on to produce gains for… Read More

Cooperman Sees Possible Correction, But Still Finding Values

Hedge fund guru Leon Cooperman thinks stocks may be headed sideways, or into a correction. But he’s still finding value in individual companies. “I wouldn’t be surprised personally if the market got into corrective mode or we went sideways for a while,” Cooperman said at CNBC and Institutional Investor’s “Delivering Alpha” conference, CNBC reports. “I’ve got a sense that I could be wrong because (Fed Chairman Ben) Bernanke is getting his way. Everyone is moving… Read More