LyondellBasell Industries NV (LYB), Occidental Petroleum Corporation (OXY), Covidien plc (COV) & 3 Stocks Billionaire Leon Cooperman Loves

Covidien plc (NYSE:COV) has forecasted that the post-split Mallinckrodt will sport sales growth of 7% to 11% in its first fiscal year, and recent acquisitions of CNS Therapeutics—the producer of Gablofen—and Roxicodone from Xanodyne Pharmaceuticals should also benefit growth moving forward.

Final thoughts

Leon Cooperman is one of the most widely followed hedge fund managers out there, and aside from his love of lesser-known names like Monitise Plc (LON:MONI)—a mobile payments company—and Teknik Prima Solusi—an Indonesia-based L&G offshore business with strong potential—the aforementioned trio of companies are intriguing plays.

LyondellBasell Industries NV (NYSE:LYB) isn’t the first name most energy-focused investors think of when they ponder energy stocks, but its stranglehold on the ethylene space should continue to benefit from the shale boom. While it’s too early to tell if Occidental Petroleum Corporation (NYSE:OXY) will follow in Chesapeake Energy Corporation (NYSE:CHK)’s footsteps and undergo a barrage of asset sales, this is a situation to monitor, and may be a reason why Cooperman is long; the Mallinckrodt shares that Covidien plc (NYSE:COV) investors will receive post-spinoff are also too attractive to pass up.

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