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4 Reasons Leon Cooperman Sells A Stock

Leon Cooperman, Wall Street pioneer and chairman of Omega Advisors, appeared on CNBC.

The reporters held on to his every word regarding his current take on the market, as the financial mogul shared his perspectives. Cooperman said his firm's exposure to equities is unusually low, around 65 percent, compared to the firm's typical 85–90 percent exposure.

He also listed some his top holdings, including:

  • Alphabet Inc GOOG GOOGL.
  • Allergan plc Ordinary Shares AGN.
  • Navient Corp NAVI.
  • United Continental Holdings Inc UAL.
  • American International Group Inc AIG.
  • First Data Corp FDC — which he feels is heavily undervalued due to the company's low multiple.

Cooperman also said that he sold his stake in Netflix, Inc. NFLX, although he feels a takeover is still possible.

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