Cooperman says FANG stock valuations are ‘reasonable’ except for Amazon

Leon Cooperman, chairman and CEO of Omega Advisors, shared his market views Tuesday on CNBC’s “Halftime Report.”

“A lot of these FANG stocks with the exception of Amazon support very very reasonable valuations relative to their growth rates,” he said. “The biggest concern I have frankly is government intervention. The government looking at their success and dominance and sticking their beak into their business.”

FANG stocks are a basket of high-growth technology stocks — Facebook, Amazon, Netflix and Alphabet (formerly known as Google) that have led the bull run of the last 9 years.

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