5 Best Finance Stocks to Buy Right Now According to Leon Cooperman

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1. Mr. Cooper Group Inc. (NASDAQ:COOP

Topping the list of best finance stocks to buy right now is mortgage servicing company Mr. Cooper Group Inc. (NASDAQ:COOP), which Mr. Cooperman has owned since the third quarter of 2018. At the end of September 2020, he owned 4.65 million COOP shares, making him the largest shareholder of the stock in our hedge fund database.

COOP shares got a 3.8% bump in premarket trading on November 6 after Cooperman recommended the company on CNBC, not that the stock needed the help; it’s gained 145% this year. Back in June, Cooperman claimed the company’s book value was $24 per share at a time when shares were trading at just $13. They’re now trading hands at over $30.

Mortgage originators are performing extremely well right now given the favorable housing market conditions, which should persist into 2021, driving further book value and cash flow gains for Mr. Cooper; and further share price gains for Mr. Cooperman.

For some mouthwatering investment ideas that could generate strong returns in a post-pandemic world, don’t miss out on our list of the Top 10 Restaurant Stocks to Buy Now.

Disclosure: None.

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