Finance

David Tepper says he’s buying some tech stocks, but market may have 10% to 15% more to fall

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Billionaire investor David Tepper said he is cautiously buying some stocks, particularly in the tech sector, as the broader market tumbles amid the coronavirus outbreak. However, he noted the relentless selling may have further to go. 

“I’m nibbling right now, for what it’s worth,” Tepper, founder of Appaloosa Management, told CNBC’s Scott Wapner on “Halftime Report.” Tepper noted he is adding to his positions in tech giants such as Amazon, Google parent Alphabet and Alibaba as well as chipmaker Micron Technology. Tepper also said he’s buying some health-care stocks. “Things look really interesting for the long term.”

To be sure, Tepper added that the broader market could fall another…



Source cnbc.com

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