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Thursday, Dec 192013, 2:21 PM
Thursday, Dec 192013, 2:21 PM| Comment!
- SandRidge Energy (SD +2.6%) spikes after Leon Cooperman lists it as one of his five favorite stocks, citing the company's "fundamentally improving trend" the market has been slow to recognize; he thinks SD has the potential to double to ~$10.
- The hedge fund manager also likes Sprint (S +3.3%) based on the prospect of a potential consolidation with T-Mobile, the U.K.'s Monitise (MONIF +7.8%) as a play on mobile banking, a re-made SunEdison (SUNE +4.8%) which is spinning off its money-losing semiconductor business, and Brazilian healthcare provider Qualicorp (QUAIF).
Thursday, May 92013, 3:18 PMU.K. mobile banking specialist Monitise PLC (MONIF.PK +9.1%) pops as Lee Cooperman - presenting at SALT in Las Vegas - calls it his top conviction pick: "no financial risk .. no debt ... the blessing of Visa." He owns more than 10% of the company. Other top picks: ESRX, QCOM, C, AIG, MET, and RIG. |Thursday, May 92013, 3:18 PM| 3 Comments