Fast Pros Reveal Favorites from Cooperman Top Picks

At CNBC’s Delivering Alpha event, billionaire investor Leon Cooperman told us he's optimistic on the stock market and revealed 10 stocks that he thinks are attractive value plays.

Cooperman is widely considered one of the smartest investors on the Street; prior to establishing his hedge fund in 1991, he spent 25 years at Goldman Sachs.

In fact, he’s been voted the number one portfolio manager in Institutional Investor's 'All-America Research Team' survey more than once.

And he tells CNBC that the following names are values here and now.

  • A1A
  • Capital One
  • Express Scripts
  • Gannett
  • Halliburton
  • Kinder Morgan
  • MetLife
  • Qualcomm
  • Watson Pharma
  • Western Union

Of course we realize that not every investor has enough capital to establish a new position in every one of these stocks. So we asked the Fast Money traders, if they could only pick one, which would it be. You might be surprised by what trader Brian Kelly has to say.

Anthony Scaramucci – “The stock here I like the most is Express Scripts,” says Scaramucci, managing parting of SkyBridge Capital. “Regardless of who wins the White House I think the new health care reform will benefit this company.”

Pete Najarian – “I thought Watson Pharma was interesting,” says Najarian, co-founder “It’s a name that gets overlooked but they do an outstanding job.

Mike Murphy- “Gannett has been written off for dead but with a div yield over 5%," explains Murphy, founder and managing partner at Rosecliff Capital. "I think it’s an attractive stock in this environment for no other reason than its return.”

Brian Kelly – “Capital One was the stock that suck out to me,” reveals Kelly, founder of Shelter Harbor Capital. They were just ordered to pay $150 million to about 2 million customers. I’m cautious of this stock. Does the order mean that their business model has to change?”

(Federal banking regulators found that Capital One's call-center vendors "engaged in deceptive tactics" to persuade customers with low credit scores or credit limits to pay for add-on products when they activated their credit cards. Those products included payment protection if the customer was unemployed or temporarily disabled, and monitoring of their credit for identity theft and other problems.”

Posted by CNBC's Lee Brodie

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Trader disclosure: On July 18, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long JPM CALLS; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long V CALLS; Mike Murphy is long FB; Mike Murphy is long EBAY; Mike Murphy is long TOL; Mike Murphy is long LEN; Mike Murphy is long SWK PUTS; Mike Murphy is long EMC; Mike Murphy is long URI; Brian Kelly is funds long QQQ; Brian Kelly is funds long SPY; Brian Kelly is funds long TLY; Brian Kelly is funds long XHB; Brian Kelly is funds long XLU

For Anothony Scaramucci (as of 7/10)
Anthony Scaramucci is long AAPL
Anthony Scaramucci is long C
Anthony Scaramucci is long GS
Anthony Scaramucci is long JPM
Anthony Scaramucci is long SBUX
Anthony Scaramucci is long AMZN

For Toni Sacconaghi
Toni Sacconaghi maintains a long position in STX
Accounts over which Bernstein and/or their affiliates exercise investment discretion own more than 1% of the outstanding common stock of the following companies: EMC

For Michael King
Rodman & Renshaw makes a market in VVUS
Rodman & Renshaw makes a market in AMLN with wires.