Leon Cooperman's Top Stock Picks in Today's Market.
Billionaire investor Leon Cooperman believes that the current banking crisis is a result of irresponsible fiscal and monetary policies over the last decade. He expects the Federal Reserve to hike interest rates by 25 basis points on Wednesday and accept a higher level of inflation to stabilize the financial system. Cooperman believes that investors are now in a stock picker's environment and that the S&P 500's all-time high near 4,800 is probably going to remain the top for quite a while. He is investing in a couple of mortgage real-estate investment trusts yielding 14% to 16%, alongside some investments in energy, with his favorite being Canada-based Paramount Resources.