Billionaire investor David Tepper mentioned he's cautiously shopping for some shares, significantly within the tech sector, because the broader market tumbles amid the coronavirus outbreak. Nonetheless, he famous the relentless promoting could have additional to go.
"I am nibbling proper now, for what it is price," Tepper, founding father of Appaloosa Administration, advised CNBC's Scott Wapner on "Halftime Report." Tepper famous he's including to his positions in tech giants corresponding to Amazon, Google guardian Alphabet and Alibaba in addition to chipmaker Micron Know-how. Tepper additionally mentioned he is shopping for some health-care shares. "Issues look actually attention-grabbing for the long run."
To make certain, Tepper added that the broader market may fall one other 10% to 15% as traders grapple with the coronavirus pandemic and its financial blow.
"In the event you're levered, I would not be levered," Tepper mentioned. "The market may go down extra. Alternatively, we could possibly be close to a backside as soon as they [Congress] get this bundle completed."
Tepper's feedback come as Wall Road...
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