Leon Cooperman - Chasing Opportunities

Despite recent concerns facing Wall Street, some investors are saying opportunity remains, with Leon Cooperman, Omega Advisors Chmn. & CEO and CNBC's Maria Bartiromo.

Video Link - Chasing Opportunities.

Stock picks from a persistent bull - Leon Cooperman

Markets may be in a turmoil, but hedge fund veteran Leon Cooperman still thinks equities are a buy, and shares some of his best picks.

In the days leading up to the August credit crunch, stock prices fell and prognosticators said the bull market had run its course. But Leon Cooperman wrote in an article for Fortune: "I view this market drop as a long overdue correction rather than the end of the bull market."

Direct Link - Stock picks from a persistent bull.

CNBC Interview with Leon Cooperman - Hot Hand in Hedge Funds

Legendary money manager and founder of Omega Advisors, Leon Cooperman, shares his outlook on the markets with CNBC's Bill Griffeth.

Here is video link - Hot Hand in Hedge Funds.

Leon Cooperman's Article in Fortune magazine

Leon Cooperman is founder and chairman of Omega Advisors, a hedge fund with $6 billion in assets. Cooperman explains in Fortune magazine why stocks are on track for solid gains - despite the market's sudden selloff.

I highlight some insightful points below:

• Outlook
  
• I do not believe recent credit-market turmoil will derail the economy - I view this market drop as a long overdue correction rather than the end of the bull market.
• I believe there's limited downside risk in the U.S. stock market from current levels, and returns over the coming year should be in the low double digits.
• Economic growth for 2007 : 2% to 3%
• Inflation for 2007 : 2%
• Fed policy : No change
• P/E ratio of the S&P 500 : 15
• Job growth : 145,000 a month
• The equity market is unlikely to fall sharply from current levels because :
  
• First, bull markets do not die of old age, they die of excesses such as accelerating and above-trend economic growth, rapidly rising inflation, and interest-rate hikes from a hostile Federal Reserve. Those excesses are simply not with us today, nor do I expect their arrival anytime soon.
  
• Second, the current bull market has experienced no price/earnings ratio expansion -- unlike every other bull market in the past five decades. In effect, this bull market is not characterized by speculation; rather, its expansion has been restrained compared with earnings growth and the trend of inflation and bond interest rates.
• His Picks
• Bank of America.
• Atlas America.
  

Article Direct Link - Leon Cooperman: Why I'm a bull.

Disclosure : I don't have any of these equities listed above.