(This story is for CNBC Pro subscribers only.) Billionaire investor Leon Cooperman said Friday he thinks it will be a stock picker's market for years as the overall benchmark remains stuck over the long term . Here are some of his favorite ideas. "There's value," the chairman and CEO of Omega family office said on CNBC's "Squawk Box" on Friday. "You can find plenty of things to do." Cooperman said he has a position in healthcare insurer Cigna , which beat on the top and bottom lines of its quarterly results on Thursday. Cooperman said he likes that Cigna is trading at 11 times earnings. Healthcare stocks, including Cigna, are rallying this week as investors bet on a divided government, which will prevent a progressive change to healthcare legislation. Cooperman also has a position in mortgage company Mr. Cooper, he told CNBC. Cooperman said Mr. Cooper could earn as much as $9 per share this year, yet the stock is trading at $22 per share. "Mr. Cooper, a mortgage broker, this company earned in the second quarter $500 million in cash, which was 50% of the market cap of the company," the billionaire investor said. "They have a very long runway, they have very smart management, buying back stock." Cooperman also said he has a position in automaker General Motors . Shares of the automaker rose on Thursday after posting better-than-expected earnings for the third quarter . GM earned an adjusted $2.83 per share. Analysts polled by Refinitiv expected a profit of $1.38 per share. The company's earnings were driven strong truck and SUV sales in North America. "Very cheap stock doing the right kind of things," said Cooperman, about GM. CEO "Mary Barra is doing an excellent job at running the company." Cooperman also mentioned he has a position in loan management company Navient . Cooperman also said he has a "controversial" position in entertainment company AMC Networks , however, he said he has been wrong about the stock so far. "Everybody is negative because of Covid," said Cooperman. "The company just bought back 25% of the company with excess cash." Cooperman said he stays away from government bonds. Over the long-term, Cooperman said he is worried about "who pays the bill when the party is over," he said. "There's too much debt being create out there and that concerns me. I don't see the alternative given what the fed has done." Cooperman also said Friday he believes technology stocks' sky-high valuations are justifiable with interest rates at historic lows.
