In this article, Insider Monkey reviews billionaire Lee Cooperman’s stock market predictions and the 10 best high dividend stocks to buy according to billionaire Lee Cooperman. Early this year, the self-made billionaire and Omega Advisors founder Lee Cooperman had predicted that the stock market is in a state of euphoria, and it will be difficult to sustain that momentum in the long run. Meanwhile, value and dividend growth stocks have strongly outperformed growth stocks so far this year.
Nevertheless, investors’ rotation out of technology stocks as well as economic recovery will help the self-made billionaire Lee Cooperman make big gains from his equity investments. In an interview with CNBC, Cooperman said that a “meaningful chunk” of the market was in “euphoria.” The billionaire cited soaring valuations, SPAC-based IPOs, massive fluctuations and “no revenues and no earnings” for his bearish outlook. The dividends also played a key role in enhancing overall returns. Dividend investing is one of the best ways of generating strong returns over the long term.
While Lee Cooperman’s reputation remains intact, the same can’t be said of the hedge fund industry as a whole, as its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. Insider Monkey’s research was also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. For the full details on this, get right into Insider Monkey’s article on the 10 Best High Dividend Stocks to Buy According to Billionaire Lee Cooperman.
