TipRanks
Billionaire David Tepper Bets Big on These 2 “Strong Buy” Dividend Stocks
Anyone trying to keep track of where the markets might be heading, could be forgiven for displaying signs of dizziness. The markets are being violently pulled in opposite directions lately, making it difficult to form a coherent investing strategy. It is in time like this that some expert advice might provide a clearer picture. Hardly any on the Street come more highly regarded than billionaire David Tepper. The co-founder of global hedge fund Appaloosa Management, Tepper is known for his brash and confident style, traits which could come in handy in today’s confused climate. Tepper made his fortune – and built his hedge fund – by investing in distressed assets and profiting mightily when markets reversed later on. And with $14 billion worth of assets under Appaloosa’s management, it’s natural for Wall Street to take notice when Tepper has something to say. “Basically, I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now,” Tepper noted. The billionaire believes the rising rates should settle and points out that with the Senate’s approval of the coronavirus fiscal stimulus package, it is currently “very difficult to be bearish.” With this in mind, we’ve opened up the TipRanks database to get the scoop on two of Tepper’s recent new positions. These are Strong Buy stocks…
