First Data Boosts Omega Advisors' 2015 Returns

Leon Cooperman thinks the U.S. equity bull market is here to stay, even if the ride does get a bit wilder.

A May 4^th conference call presentation for investors of Cooperman’s Omega Advisors, reviewed by ValueWalk, details the firm’s performance so far this year as well as its outlook for the months to come. While the Omega team does anticipate increased volatility, it thinks the market will continue to deliver for quite a while.

“We believe that the in-place U.S. equity bull market should deliver a high single-digit total return (7% - 9%) over the coming year, consisting of earnings growth of between 5% and 7% and a dividend yield of 2%,” the Omega Advisors team writes in...