Thermo Fisher Scientific Inc. (TMO) & SandRidge Energy Inc. (SD) part of Leon Cooperman’s Hot List

In an interview on CNBC, Leon Cooperman, the chairman & CEO of Omega Advisors, shares some of his insights into stock investing as well as some of his stock picks like Thermo Fisher Scientific Inc. (NYSE:TMO) & SandRidge Energy Inc. (NYSE:SD).

Leon Cooperman Omega Advisors

Speaking on his stock picks, Cooperman said:

“Some we still own, in fact I’m looking at this list, last year we said, again, there is no guarantee of the future, I got lawyers. Last year we recommended Thermo Fisher ((Thermo Fisher Scientific Inc. (NYSE:TMO)). It went up 70%. We still recommend it, we still own it. We recommended Qualcomm, I would not put new money in Qualcomm, but we still own Qualcomm. Ahead of a category called phoenix from the ashes, Qualicorp, a Brazilian health care provider, went up 80%. SandRidge ((SandRidge Energy Inc. (NYSE:SD)) which we still own and recommend to five and 6.5, 6 and three-quarters.”

Omega Advisors held 47.75 million shares worth $293.19 million of SandRidge Energy Inc. (NYSE:SD) at the end of the first quarter of 2014. Cooperman also held 847,800 shares of Thermo Fisher Scientific Inc. (NYSE:TMO), worth $101.94 million.

Explaining the behavior of the stock market, Cooperman said that nearly 50 to 60% movement in a stock is determined by the market conditions, around 20 to 30% depends on the industry/category to which the stock belongs and finally the remaining part depends on what the company does fundamentally.

Therefore, according to him, a rise or fall in the broader market is going to affect whichever stocks investors pick.

Sharing his thoughts on market trends, Cooperman said that an economic recession sows the seeds for an economic recovery and vice versa. He said that he waited in 2008 for a recovery and that is what exactly is happening and there is an expected five years of growth ahead.

To prove his viewpoint, Cooperman said: “Here, I will give you an idea, just forgive me. Okay, what normally precedes recession? Accelerating inflation, we don’t have it. Inverted yield curve, we don’t have it. Rising inventory to sales ratios, we don’t have it. Declining employment, we don’t have it. Rising initial jobless claims, we don’t have it. All the conditions that normally lead to recession are invisible. So now we are arguing how high is high. And, you know, at the end of the day we get to euphoria most likely, but we are nowhere near euphoria.”


Disclosure: none

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

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

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

How 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

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!