(Marketwatch) Leon Cooperman, the 77-year-old billionaire chief executive of hedge fund Omega Advisers, has a lot of thoughts on the stock market. Or, as he puts it, three stock markets. The first market is what he would call the FAANG market — companies like Facebook FB, +1.80%, Amazon AMZN, +2.30%, Apple AAPL, +0.84%, Netflix NFLX, +5.49% and Google owner Alphabet GOOG, +1.39%, the technology heavyweights that benefit from the COVID-19 disruptions. “
Billionaire investor Leon Cooperman says there are ‘three stock markets,’ as he warns about danger in FAANG stocks
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