Published on 19 Jun 2024 on Insider Monkey · via Yahoo Finance
Is Ellington Financial Inc (NYSE:EFC) the Best Dividend Stock to Buy According...
We recently published a list of 10 Best Dividend Stocks to Buy According to Billionaire Leon Cooperman. Since Ellington Financial Inc (NYSE:EFC) ranks 10th in the list, it deserves a deeper look.
Billionaire Leon Cooperman made headlines in April when he predicted during an interview with CNBC that the US is headed for a financial crisis. Cooperman, who calls himself a “capitalist with a heart,” said that the Federal Reserve kept interest rates near zero, but raised them dramatically in a period of 12 months. Still, the 81-year-old billionaire sees no signs that the economy is “restrictive,” as he pointed to stock market highs and speculation. The Omega Family Office chairman and CEO expects “one or two” rate cuts this year. He emphasized that the market remains overvalued.
Were Billionaire Cooperman’s Recession Predictions Correct?