Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    What's Hot

    Daily Crunch: Twitter tells GitHub to remove proprietary source code and help them ID who posted it

    March 27, 2023

    Max Q: A lifeline | TechCrunch

    March 27, 2023

    US CFTC takes legal action against Binance, crypto markets fall

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram Vimeo
    Cryptonounce.com
    Contact
    • Business
      • Deals
      • investors
      • IPO
      • Startups
      • Wall Street
    • Markets
      • Bonds
      • Commodities & Futures
      • Currencies
      • Funds & ETFs
      • Stocks
    • Crypto
      • Alticoins News
      • Binance News
      • Bitcoins News
      • Blockchain News
      • Ethereum News
      • Token Sales News
      • XRP News
    • Technology
      • Artificial Intelligence
      • Big Data
      • Cloud Computing
      • Cybersecurity
      • Gaming
      • Internet of Things
      • Mobile
      • Social Media
      • Transportation
      • VR & AR
    • FinTech
    • Personal finance
    • Grides
      • Crypto
      • FinTech
      • Investing
      • Personal Finance Guides
      • Techonology
    • Tools
      • Coins
      • ICO List
      • Organigations
      • Events
    Cryptonounce.com
    Home » Leon Cooperman says bull market isn’t coming soon, but he’s finding stocks to buy
    Investing

    Leon Cooperman says bull market isn’t coming soon, but he’s finding stocks to buy

    AdmincryptBy AdmincryptJanuary 5, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Billionaire investor Leon Cooperman said he’s still holding a cautious view on stocks and the economy, but he’s finding cheap stocks to buy after the recent correction. “I would basically take the position that we’re in a market of stocks rather than a stock market,” Cooperman said on CNBC’s ” Closing Bell Overtime ” Thursday. “I think anybody looking for a new bull market anytime soon is looking the wrong way.” The chair and CEO of the Omega Family Office said the financial markets have just gone through a period of highly speculative activities, citing assets like SPACs, crypto, options contracts and the so-called FANG names, with their sky-high valuations, as examples. “I think we’re finding a lot of stocks that have been through a classic bear market. And I find things that I want to do. … I just have low expectations for the market,” Cooperman said. The widely followed investor is sticking by his call for a recession this year. He said he believes the economic downturn could be brought on by the Federal Reserve’s quantitative tightening, a strong dollar and high oil prices. Cooperman expects that inflation has cooled quite a lot in the wake of the Fed’s aggressive rate hikes. The central bank has raised its benchmark interest rate to its highest level in 15 years, but is signaling more increases may be needed to bring soaring inflation under control. “The inflation rate has come down quite dramatically. It’s probably running right now at 3% to 4%,” Cooperman said. The investor has said previously that “inappropriate” fiscal and monetary policies will be a culprit for a downturn in the economy and the market. He said the unprecedented stimulus has pulled demand forward and created an artificial situation in the economy. Cooperman said he currently has 10% in cash in his portfolio. He also revealed that his two recent stock buys were Regal Rexnord , a manufacturer of electric motors, and security company ADT . Regal Rexnord shares are trading about 45% below its 52-week high hit last January. However, ADT shares are closer to the top of its 52-week trading range. The stock closed at $9.08 on Thursday. On Dec. 13, it traded as high as $10.10.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleChina’s NFT market, Moutai metaverse popular but buggy… – Cointelegraph Magazine
    Next Article Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
    Admincrypt
    • Website

    Related Posts

    Barclays highlights 10 top quality stocks that are also cheap

    March 27, 2023

    DoubleLine’s Jeffrey Gundlach reveals his trading strategy in this tricky market

    March 27, 2023

    Deutsche Bank says this materials stock’s earnings are ‘turning a corner’

    March 27, 2023

    Beware these debt-heavy stocks like F, CVNA, WBA as borrowing costs rise

    March 27, 2023

    Leave A Reply Cancel Reply

    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Startups

    Daily Crunch: Twitter tells GitHub to remove proprietary source code and help them ID who posted it

    By AdmincryptMarch 27, 20230

    To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox…

    Max Q: A lifeline | TechCrunch

    March 27, 2023

    US CFTC takes legal action against Binance, crypto markets fall

    March 27, 2023

    Lyft CEO and president stepping down to be replaced by former Amazon exec

    March 27, 2023

    Subscribe to Updates

    Get the latest creative news from CRYPTO NOUNCE.

    NEWS
    • Business
    • Crypto
    • Blockchain
    • Markets
    • Technology
    FEATURED SECTIONS
    • Coins
    • ICO List
    • Organigations
    • Events
    • Grides
    FEATURED LINKS
    • Story of the day
    • Videos
    • Infographics
    CONNECT WITH US
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • Pinterest
    ABOUT US
    • Contact
    • Advertise
    • Sitemap
    Copyright © 2023 Cryptonounce All rights reserved. Cryptonounce.
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?