Leon Cooperman Hates US Treasuries

Leon Cooperman, who chairs the hedge fund Omega Advisors, Inc. spoke at the Value Investing Congress this morning and said, in part, “I wouldn’t be caught dead owning a US government bond.”

He recommended that investors buy the following stocks instead, about which stock price performance information follows.

  • Apple, Inc. (NASDAQ:AAPL):  The shares recently traded at $419.74, down $0.17, or 0.04%, on the day.  The shares have traded in a 52-week range of $297.76 to $426.70 and its market capitalization is $389.13 billion.  About the company: Apple, Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions.  The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Boston Scientific Corp. (NYSE:BSX): The shares recently traded at $5.59, up $0.03, or 0.54%, on the day.  THe shares have traded in a 52-week range of $5.41 to $7.96 and its market capitalization is $8.54 billion.  About the company: Boston Scientific Corporation develops, manufactures, and markets minimally invasive medical devices.  The Company’s products are used in interventional cardiology, cardiac rhythm management, peripheral interventions, electrophysiology, neurovascular intervention, endoscopy, urology, gynecology and neuromodulation.
  • KKR Financial Holdings LLC (NYSE:KFN): The shares recently traded at $7.91, up $0.17, or 2.2%, on the day.  The shares have traded in a 52-week range of $6.68 to $10.60 and its market capitalization is $1.141 billion. About the company: KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes.  Its core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation.  KFN executes its cored business strategy through subsidiaries and is externally managed by KKR Financial Advisers LLC.
  • Qualcomm, Inc. (NASDAQ:QCOM): The shares recently traded at $53.39, down $0.25, or 0.47%, on the day.  The shares have traded in a 52-week range of $42.45 to $59.84 and its market capitalization is $89.68 billion.  About the company: Qualcomm, Inc. develops and manufactures digital wireless communications equipment.  The Company licenses its Code Division Multiple Access intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
  • SLM Corp. (NYSE:SLM): The shares recently traded at $13.21, up $0.22, or 1.69%, on the day.  The shares have traded in a 52-week range of $10.91 to $17.11 and its market capitalization is $6.79 billion.  About the company: SLM Corporation, commonly known as Sallie Mae, provides education funding, originating and servicing of US government guaranteed and private student loans.  The Company, through its subsidiaries, also provides debt management services and business and technical products to a range of clients including colleges, universities and loan guarantors.
  • Transocean (NYSE:RIG): The shares recently traded at $49.40, down $1.07, or 2.12%, on the day.  The shares have traded in a 52-week range of $43.15 to $85.98 and its market capitalization is $15.79 billion.  About the company: Transocean Ltd. is an offshore drilling contractor.  The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide.  Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services.
  • E*Trade Financial Corp. (EFTC): The shares recently traded at $9.25, down $0.06, or 0.7%, on the day.  The shares have traded in a 52-week range of $7.74 to $18.13 and its market capitalization is $2.64 billion.  About the company: E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors.  The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.
  • Sunoco, Inc. (NYSE:SUN): The shares recently traded at $35.12, up $0.91, or 2.66%, on the day.  The shares have traded in a 52-week range of $27.36 to $46.98 and its market capitalization is $4.29 billion.  About the company: Sunoco, Inc. is a petroleum refiner and marketer and chemical manufacturer with interests in logistics and cokemaking.  The Company’s petroleum products include fuels, lubricants, and petrochemicals.  Sunoco’s operations are conducted principally in the eastern half of the United States while its coke making operations are in Virginia, Indiana, Ohio and Vitoria Brazil.
  • ACE Ltd. (NYSE:ACE): The shares recently traded at $62.29, up $0.62, or 1.01%, on the day.  The shares have traded in a 52-week range of $56.90 to $69.83 and its market capitalization is $21.05 billion.  About the company: ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business.  The Group provides a diversified range of products and services to clients through operations in countries around the world.  ACE provides specialty insurance and reinsurance products.
  • Energy XXI Ltd.  (NASDAQ:EXXI): The shares recently traded at $27, up $0.44, or 1.66%, on the day.  The shares have traded in a 52-week range of $18.79 to $37.20 and its market capitalization is $2.06 billion.  About the company: Energy XXI (Bermuda) Ltd. explores for an produces oil and natural gas.  The Company operates along the United States’ Gulf Coast and in the Gulf of Mexico.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>