Cooperman says FANG stock valuations are ‘reasonable’ except for Amazon


The investor confirmed his firm was long Facebook shares and said he had an open order to buy more of the social media company’s stock at the $180 per share level.

He said Facebook can grow its earnings at 20 percent per year and trades around a 20 times this year’s earnings versus the S&P 500’s 5 percent growth and 17 times earnings.

Facebook has “a fortress balance sheet. It doesn’t look expensive to me,” he said.

The investor also recommended AMC Networks.

Cooperman founded Omega Advisors in 1991. The firm has approximately $3.4 billion in assets under management, according to its website.

Source link

Products You May Like

Articles You May Like

Walmart cuts earnings outlook for 2019
Putting retirement plans on hold? What that means for your Medicare
United Airlines surges as travel demand offsets higher fuel prices
If you win the Mega Millions jackpot, here’s how to maintain some privacy
Artificial intelligence is changing how investors’ money is managed

Leave a Reply

Your email address will not be published. Required fields are marked *