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Actionable news in GOOGL: GOOGLE Inc CLASS A,

Leon Cooperman is making big bets on Alphabet and First Data

Widely followed hedge fund titan Leon Cooperman said Monday his biggest position is a familiar name.

The head of Omega Advisors told CNBC that his favorite stock now is Google parent Alphabet, which has been a market leader during a huge year for stock stocks.

"The only negative is it's owned by everybody," Cooperman said during an interview. "Who's left to buy it?"

The stock, though, has seen...