Actavis plc (NYSE:ACT), Citigroup Inc (NYSE:C): Leon Cooperman at Delivering Alpha Conference: A Preview of Some Possible Stock Picks

The 4th Annual Delivering Alpha Conference will start tomorrow, July 16, in New York City, featuring various prominent figures from the finance world. The lineup includes Secretary of the Treasury Jack Lew, who will be interviewed by CNBC’s Jim Cramer; Ken Griffin; Carl Icahn; John Paulson; Larry Robbins; Michael Novogratz; and, Jeffrey Smith; amongst others. However, the one that woke the interest of this writer is Leon Cooperman of Omega Advisors, who made a widely-reminded recommendations, like that for Apple Inc. (NASDAQ:AAPL)’s stock back in the 2011 edition; the one for QUALCOMM, Inc. (NASDAQ:QCOM), in 2013; and the one for SandRidge Energy Inc. (NYSE:SD), also last year. Check out a list of returns for recommendations made at Delivering Alpha Conference here.

Unlike other money-managers that present a few stock pitches at Delivering Alpha Conference, Mr. Cooperman usually presents equity portfolios with ten stocks from different sectors of the market. His picks from last year outperformed the S&P 500 (INDEXSP:.INX), which delivered about 17% over the past year, so you might figure why his pitches for this year are anxiously expected.

Leon Cooperman Omega Advisors

In an Investors Letter sent out in late-April, Mr. Cooperman recommended a few stocks, some of which he might endorse –once again- in the Delivering Alpha Conference, impacting on their stock price going forward. So let’s take a look at Mr. Cooperman’s picks in order to elucidate if any of them deserve further research and could be considered as attractive investment options.

The hedge fund manager recommended the following stocks:

- Actavis plc (NYSE:ACT), in account of its “diverse portfolio of long-duration assets (…); its merger with Warner-Chilcott last year and the recently announced merger with Forest Labs (…);” and a highly compelling valuation (Investors Letter). Actavis plc (NYSE:ACT)’s stock price rose about 7.5% since the letter was released.

- Citigroup Inc (NYSE:C), which has returned 1.9% since late-April. The reason behind the endorsement is Citigroup Inc (NYSE:C)’s attractive risk-reward profile. Omega Advisors expects that Citigroup Inc (NYSE:C) “can trade to $60, the equivalent of tangible book value, by year-end 2014 as management continues to show progress on restructuring plans and while emerging market credit statistics remain benign” (Investors Letter).

- France-based Kering (EPA:KER), mainly due to its appealing valuation and expected growth driven by Gucci. The stock has already returned 4% since the letter was sent out.

- Time Warner Cable Inc (NYSE:TWC), up 6.8% since the letter. Mr. Cooperman believes that the acquisition of its larger peer, Comcast Corporation (NASDAQ:CMCSA), will bode well for Time Warner Cable Inc (NYSE:TWC)’s future.

- Tribune Company (OTCMKTS:TRBAA), an $8.2 billion market cap media and entertainment company that carries several growth catalyst including the upcoming spinoff of its newspaper business, recent TV stations purchases, and stakes in a cable TV network and two online classified advertising companies, amongst others.

Disclosure: Javier Hasse holds no position in any stocks or funds mentioned

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!