Billionaire Leon Cooperman Cautions Investors, Recommends Dividend Stocks ET and ABR for Income and Stability
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Billionaire investor Leon Cooperman believes the stock market is overvalued and cautions investors to be careful. He thinks the S&P 500 faces a downturn ahead.
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Cooperman recommends dividend stocks as a way to generate steady income and protect against volatility.
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He owns major positions in two high-yield dividend stocks Energy Transfer (ET) and Arbor Realty Trust (ABR).
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ET is a major midstream company with a 9% dividend yield. Analysts see high return potential as demand for U.S. energy rises.
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ABR is a commercial REIT focused on multifamily projects, with a 12.5% dividend yield. Analysts praise its dividend coverage and portfolio.