Despite Slow Growth, Cooperman Likes Stocks

Hedge fund guru Leon Cooperman says he’s “moderately constructive” about U.S. stocks, and is very bearish on U.S. government bonds. Speaking at the “Delivering Alpha” conference presented by CNBC and Institutional Investor, Cooperman said he expects sluggish growth from the economy, with growth being “okay, not great”. But he thinks a variety of factors make this a good time to be buying stocks. “Stocks are cheap against inflation, they’re cheap against their own history, they’re cheap against interest rates, they’re allowing for slower secular growth and they’re allowing for lower interest rates,” he said, according to Cooperman offered some of his top picks, which include Gannett and Watson Pharmaceuticals.