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Billionaire investor Leon Cooperman has warned market participants to expect stocks to struggle as long-term Treasury yields rise or remain elevated. Despite those concerns, Cooperman snapped up shares of many lesser-known stocks in the fourth quarter, according to regulatory fillings. Despite the soccer club's stock rising 3% in the fourth quarter, shares still ended 2023 down more than 12%. Shares have climbed more than 3% so far in the new year, making up some ground after sliding in the fourth quarter and 2023 as a whole. Cooperman, who spent a quarter century at Goldman Sachs before founding Omega, also made smaller additions to several holdings.
Persons: Leon Cooperman, Cooperman, Goldman Sachs, , Yun Li Organizations: Omega, Federal Reserve, Manchester United, Fidelis Insurance, Las Vegas Sands, Elevance Health, Bank of America, Citigroup, Ellington Financial Locations: Las Vegas, Bank
Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon Trane's year-to-date stock performance. Stock Chart Icon Stock chart icon Walmart's year-to-date stock performance. Stock Chart Icon Stock chart icon ImmunityBio's year-to-date stock performance. Stock Chart Icon Stock chart icon Ellington Financial's year-to-date stock performance.
Persons: It's, Ellington Organizations: Walmart, Costco, Ellington, Lease, Air Lease Corp, Boeing
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: This is a good level to start buying Walmart, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Palantir, Trane Technologies, Walmart, Immunitybio, Air Lease and Ellington Financial.
Persons: Jim Cramer Organizations: Walmart, Trane Technologies, Immunitybio, Air Lease, Ellington Financial
JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.
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