leon cooperman knows how to make money, one of the best.t is not any one trade that has made him famous, but his ability to consistently bring returns year after year. it earned him a spot on the bloomberg market magazine. get this 22%. that was just through october. he talked to our "market makers" team this morning. >> it creates opportunity. i think that the correction was to be expected and healthy.. the reason they could be expected was there were too many players on the same side. you folks have an exhibit on your terminal where you solicit and display the opinions of, i think, about 21 different strategists. it was interesting, at the endtg of the year 20 of them had the market up for the year, one of them was down. the vast majority of people were investing long and stocks, long on japan, short in the yen, and all of a sudden they were not thinking about it at that time, emerging-market issues. we not thinking about some slowdown in the economy. the market took a quick five percent hit. for a number of months i have been arguing --

leon cooperman has the right prescription. outlook.s own recordis on track for profits after years of crisis. what is driving the recovery? we will tell you, coming up. and it started with high school is 200 the 1970s, now it feet of snow and ice sculptures. this year they salute statues that depict winter sport landmarks from around the world. just think, that stuff is all made of snow. ♪ money," onlunch bloomberg television. we are also steaming i'm -- streaming live on bloomberg.com and on your tablet. leon cooperman knows how to make money, one of the best. it is not any one trade that has made him famous, but his ability to consistently bring returns year after year. it earned him a spot on the bloomberg market magazine. get this, 22%. that was just through october. he talked to arm "market makers" -- he talked to our "market makers" team this morning. >> it creates opportunity. i think that the correction was to be expected and healthy. could ben they expected was there were too many players on the same side. you folks h

tot's right, we are talking hedge fund heavyweight, leon cooperman.out which names he likes and which names he does not like these days. stay with us. this is a good one. ♪ >> we are backed out of leon cooperman, one of the best- performing hedge fund managers out there. markets magazine has given him -- giving you and your firm that designation for your performance in 2013. i know that stephanie wants to dig into specific stocks with you. so do i. but i want to talk about one more thing. technical analysts have been out this morning, warning that the market is at an inflection point. not all that dissimilar from what happened before 1929, before the crash, and that stocks could unravel quickly. given what you were sharing with us before, specifically when it comes to technical analysis, what do you make of that? >> i know tom, he is a fine fellow, a workaholic who believes in what he does. it came to that if pass, i would have to call him a visionary. him onsaid this to record, and to my investors on one of your competitive programs, for the year 201

leon cooperman of omega advisers opened a stake in the largest u.s. automaker buying more than 1 million shares. that sent the stock up 2% today. to $35.95. >>> vf corporation saw fourth quarter earnings climb 10% on sales growth in its outdoor brands like the north face. but results fell short of estimates because of declines in some of the company's units like its jeans business. and that contributed to an outlook wranglers. shares tumbled 5% to 56.85. >>> j.m. smucker missed earnings estimates. the coffeemaker took a hit because of competition in its peanut butter issues. health-conscious consumers didn't help business since many are aviding artificial sweeteners. a weak outlook topped off the bad report from smuckers. shares fell to 90.51, almost a 5% decline. >>> however, this miserable winter hasn't been so bad for campbell's soup. more americans bought soup which sent profits up more than 70%. and the late thanksgiving holiday also helped by pushing shipments to retailers into the company's last quarter. the foodmaker reaffirmed its outlook as

leon cooperman said emergent market concern domestically is overblown.re to and this correction is stabilization in the emerging markets, which are a small part of it. everyone is worried about emerging markets. s&preality is, 10% of the earnings are tied to emerging markets. if you throw in china, maybe 15%. it is not a major member for the economy. the major number for economy, not a major issue. >> he is relatively optimistic on the future of u.s. stocks. we will be on the markets once again in 30 minutes. street smart is -- "street smart" is next. ♪ >> live from bloomberg world headquarters in new york, i'm scarlet fu and this is "street smart." >> i'm matt miller. talking -- walking you through the top stories. first off, cbs won the rights to carry nfl games on thursday night. >> doesn't nfl

ng a look at the menu, wall street, leon cooperman speaks, tells us where his money is going.rg exclusive. in motors? are friendly and cheap.ars that and the gop comes out firing against some new numbers showing the impact on jobs growth. fashion? hot topic expands into the u.s., we will speak to the bl sponaire owner who reinvented the opera. the met tries to an just tries tt