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☆ The US is headed for a financial crisis because of soaring national debt, billionaire investor Leon Cooperman says
▼ + stars: | 2024-04-23 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The US debt is pushing the country toward a financial crisis, Leon Cooperman said. He criticized the Fed for its abrupt monetary policy shift after keeping rates low for over a decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMounting national debt is pushing the US toward a financial crisis, billionaire investor Leon Cooperman said this week. "Deficits matter, and I think we're headed into a financial crisis in this country."

Persons: Leon Cooperman, He's, —, Simpson, Barack Obama, Cooperman Organizations: Fed, Service, Omega Family, Commission, Business, CNBC, Federal

☆ Leon Cooperman says roughly 15% of his family office assets are in energy stocks
▼ + stars: | 2024-04-23 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman said he is significantly invested in energy stocks, citing the rise in oil prices given the Middle East conflict. The chair and CEO of the Omega Family Office said roughly 15% of his family office assets are in energy, at a time when oil prices have been spiking and weighing on the broader equity market. Cooperman has favored energy stocks in the past. The S & P 500 energy sector advanced more than 47% that year. Energy prices have recently come off their highs after Iran and Israel signaled they are not interested in a wider conflict.

Persons: Leon Cooperman, Cooperman, CNBC's, —, Yun Li, Spencer Kimball Organizations: Omega Family Office, West Texas Locations: Iran, Israel

☆ Watch CNBC’s full interview with Omega Family Office chairman and CEO Leon Cooperman
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Omega Family Office chairman and CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.

Persons: Leon Cooperman Leon Cooperman Organizations: Omega Family Locations: Israel

☆ Billionaire investor Leon Cooperman: We're heading into a financial crisis in this country
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman: We're heading into a financial crisis in this countryLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, ongoing federal deficit problem, the Fed's inflation fight, top stock picks, ongoing protests on college campuses over the Israel-Hamas war, rise of antisemitism, and more.

Persons: Leon Cooperman Organizations: Billionaire, Omega Family Locations: Israel

Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

☆ Three stocks stocks that could replace Tesla in the Magnificent 7
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Now some on Wall Street believe Tesla no longer deserves to be among the coveted " Magnificent 7 ," and are suggesting alternatives that could replace Elon Musk's company. "The Magnificent 7 now looks more like the Magnificent 6 as Tesla falls from the crowd," billionaire investor Leon Cooperman , CEO of the Omega Family Office, said on CNBC's " Squawk Box " Tuesday. Meanwhile, there are now 29 companies that contributed more to S & P 500 earnings than Tesla, according to Strategas Securities. The research firm identified three companies with both market cap weighting and earnings contributions (for the next 12 months) larger than Tesla — Berkshire Hathaway , Broadcom and Eli Lilly . "Berkshire spent last year fliting with the top seven, but Broadcom and Lilly have steadily gained share," Strategas said in a note.

Persons: Tesla, Elon, Leon Cooperman, Berkshire, Eli Lilly, Lilly, Strategas, Warren, Eli Lilly's, — CNBC's Michael Bloom Organizations: Elon Musk's, Omega, Strategas Securities, Berkshire Hathaway, Broadcom, Berkshire, JPMorgan Locations: Warren Buffett's Berkshire

☆ Billionaire investor Leon Cooperman on Biden-Trump rematch: One's bad, the other one's worse
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman on Biden-Trump rematch: One's bad, the other one's worseLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman, Elon Musk Organizations: Billionaire, Biden, Trump, Omega Family

☆ Leon Cooperman says he will not vote for Trump or Biden
▼ + stars: | 2024-02-06 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Tuesday that he would not vote for President Joe Biden or former President Donald Trump in a hypothetical November rematch. I don't know who's bad, I don't know who's worse," Cooperman said on CNBC's Squawk Box. Cooperman, the chair and CEO of the Omega Family office, has mostly backed Republicans in the past, but says he supported Biden in 2020 as a vote against Trump. Biden's campaign began the year with about $46 million in cash, according to FEC filings, more than the $33 million that Trump's campaign had. The poll also found Trump beating Biden 47% to 42% in a hypothetical 2024 rematch.

Persons: Leon Cooperman, Joe Biden, Donald Trump, Cooperman, Biden, he's, He's, Mitt, Trump, Chris Christie, Democratic Sen, Joe Manchin, Republican Sen, Rick Scott, Jeb Bush's, Hillary Clinton's, Biden's Organizations: Omega, Trump, New, New Jersey Gov, Democratic, Republican, Florida Gov, Sunday NBC, Biden Locations: Mitt Romney's, New Jersey

☆ Leon Cooperman: A lot of value in certain sectors of the market, but one should have a cautious view
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeon Cooperman: A lot of value in certain sectors of the market, but one should have a cautious viewLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman, Elon Musk Organizations: Omega Family

☆ Leon Cooperman says 'too rich' stocks to go down, and long-term rates could go higher this year
▼ + stars: | 2024-02-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman forecasts that the stock market and its hefty valuations could see losses this year, while long-duration Treasury yields could test higher again. Forget the six times that the market was discounting, but I think the long end will go up," Cooperman said. Cooperman pointed out that the S & P 500 is now trading at 21 times forward earnings, which seems unsustainable. Not a buyer of bonds Another factor that could drive long rates higher is the burgeoning U.S. fiscal deficits, Cooperman added. "I think we're going to have inflation," Cooperman said.

Persons: Leon, Cooperman, Jerome Powell, Powell, Paul Tudor Jones, he's Organizations: Omega Family Office, Reserve, CBS Locations: U.S

☆ Watch CNBC's full interview with Omega Family Office chairman and CEO Leon Cooperman
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Omega Family Office chairman and CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, state of the economy, antisemitism on campus, 2024 race, Elon Musk, and more.

Persons: Leon Cooperman Leon Cooperman, Elon Musk Organizations: Omega Family

☆ Leon Cooperman expects very little from the market and is only interested in individual stocks
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Leon Cooperman at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it's underestimating the risk of a fiscal crisis. "I'm of the view that we borrow from the future with very profligate fiscal policy," Cooperman said at CNBC's Financial Advisor Summit. "Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. Given his long-term pessimism, Cooperman isn't buying the stock market benchmarks.

Persons: Leon Cooperman, it's, Cooperman Organizations: Alpha, Billionaire, CNBC's Financial, Omega Family Office, U.S . Locations: New York, U.S

☆ CNBC Daily Open: Markets can’t catch a break from rate fears
▼ + stars: | 2023-09-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The donations were meant 'to weed out anti crypto dems for pro crypto dems and anti crypto repubs for pro crypto repubs," Salame said in a private message, according to a court document. It's the first time a Chinese president has missed the summit, a sign of how geopolitics have shifted. But Leon Cooperman, the chair and CEO of the Omega Family Office, told CNBC he doesn't think markets will hit a new high for a long time.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Instacart, Goldman, Solomon, FTX's Salame, Ryan Salame, Salame, Joe Biden, Xi Jinping, Vladimir Putin, Leon Cooperman Organizations: CNBC, Nasdaq, ifo Institute, Alameda Research, Omega Locations: Germany, Alameda, India

☆ Billionaire investor Leon Cooperman: Interest rates aren't too high
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman: Interest rates aren't too highLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the S&P's performance in the last year, his thoughts on an upcoming recession, and how the major averages perform in the year's second half.

Persons: Leon Cooperman Organizations: Billionaire, Omega Family

☆ Leon Cooperman says the stock market won't have a new high for a long time
▼ + stars: | 2023-09-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Thursday the stock market could be stagnant for an extended period of time, adding that he's standing by his recession call. "I don't expect we see a new high in the market for a long time," Cooperman said on CNBC's "Squawk Box." "I think we're going to wind up with a recession, but it's not here, not now," Cooperman said. The S & P 500 has rallied more than 16% this year, powered by Big Tech and stocks tied to artificial intelligence. "I think the strength of the market was very much tied to positioning.

Persons: Leon Cooperman, Cooperman, We've, it's Organizations: Omega, Big Tech Locations: U.S

☆ Here are Leon Cooperman's stock picks for playing higher oil prices
▼ + stars: | 2023-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

An example of a company in Cooperman's portfolio that is benefiting from higher oil prices is Paramount Resources , which primarily trades in Canada. Omega also owns stock in several U.S. energy companies, including Energy Transfer . The stock has outperformed the energy sector year to date and has a dividend yield of 9.2%. ET YTD mountain Energy Transfer has outperformed the energy sector this year. The stock has fallen about 8.5% this year but sports a dividend yield above 5%.

Persons: Leon Cooperman, Cooperman, Goldman Sachs Organizations: Omega Family, Texas, Omega, Paramount Resources, Energy, DTE Energy, Microsoft, Apollo, Citigroup, Cigna, Fidelis Insurance Locations: U.S, Canada

☆ Watch CNBC's full interview with Omega Family Office CEO Leon Cooperman
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Omega Family Office CEO Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Leon Cooperman is bullish on oil and has 20% of his portfolio in energy stocks
▼ + stars: | 2023-04-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Leon Cooperman said Monday oil prices are headed higher on the back of a demand comeback, boosting his energy stock picks. He said he has 20% of his portfolio in energy stocks. The widely followed investor said his two favorite stocks in the sector are Canadian oil and gas producers Paramount Resources and Tourmaline Oil . "It's growing production at 15%," Cooperman said on Tourmaline Oil. Paramount Resources shares are up more than 3% this year, while Tourmaline Oil saw its stock fall more than 17%.

☆ Leon Cooperman on the government response to the banking crisis
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeon Cooperman on the government response to the banking crisisLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the market, whether there's contagion risk from the banking crisis, and more.

☆ Leon Cooperman expects US stocks to keep struggling in 2023: 'Anybody looking for a new bull market is looking the wrong way'
▼ + stars: | 2023-01-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Billionaire investor Leon Cooperman expects the US stock market's troubles to persist in 2023. "Anybody looking for a new bull market any time soon is looking the wrong way," he said Friday. There's just a 5% chance the S&P 500 pares back losses logged since March 2022, he told CNBC. "Anybody looking for a new bull market any time soon is looking the wrong way," he added. The chairman of the Omega Family Office shared his outlook for the S&P 500, which closed just over 1% lower at 3,808 points on Thursday.

☆ Stock futures rise slightly as investors look ahead to Friday's jobs report
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures rose slightly on Thursday night as investors looked ahead to the December jobs report Friday. Dow Jones Industrial Average futures rose by 42 points, or 0.13%. S&P 500 and Nasdaq 100 futures climbed 0.19% and 0.21%, respectively. During the regular session Thursday, the Dow Jones Industrial Average fell 339.69 points, or 1.02%. Traders are anticipating the December jobs report before the bell Friday.

☆ Watch CNBC's full interview with the Omega Family Office's Leon Cooperman
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the Omega Family Office's Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Closing Bell: Overtime' to offer his outlook for the market, the Fed and inflation.

☆ Leon Cooperman says new bull market isn't coming anytime soon, but he's finding cheap stocks to buy
▼ + stars: | 2023-01-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said he's still holding a cautious view on stocks and the economy, but he's finding cheap stocks to buy after the recent correction. "I would basically take the position that we're in a market of stocks rather than a stock market," Cooperman said on CNBC's " Closing Bell Overtime " Thursday. "I think anybody looking for a new bull market anytime soon is looking the wrong way." I just have low expectations for the market," Cooperman said. "The inflation rate has come down quite dramatically.

☆ Billionaire investor Leon Cooperman: I believe the action will be in individual stocks, not the averages
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman: I believe the action will be in individual stocks, not the averagesLeon Cooperman, CEO and chairman of Omega Family Office, joins CNBC's 'Squawk Box' to break down why he prefers individual stocks over averages like the S&P 500. "I really don't like the S&P that much," Cooperman tells CNBC.

☆ Leon Cooperman still sees a recession coming, but he is finding stocks to buy
▼ + stars: | 2022-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

I find many things to do but I really don't like the S & P that much," Cooperman said. The S & P 500 rallied 8% in October. The widely followed investor said the S & P 500 could tumble to the low 3000s some time next year. The S & P 500 energy sector is the only grouping in the green this year, rallying more than 60%. Cooperman revealed that he owns Canadian oil and gas producer Paramount Resources, and he is not selling energy stocks despite the big runup.

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