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


David Tepper, founder and president of Appaloosa Administration.

Cameron Costa | CNBC

Billionaire investor David Tepper said he is “nibbling” at some shares, notably in the tech sector, as the broader current market tumbles amid the coronavirus outbreak. Even so, he mentioned the relentless selling may well have further more to go. 

“I am nibbling right now, for what it really is really worth,” Tepper, the founder of Appaloosa Administration, informed CNBC’s Scott Wapner on “Halftime Report.” Tepper mentioned he is cautiously incorporating to his positions in tech giants this sort of as Amazon, Google-guardian Alphabet and Alibaba as properly as chipmaker Micron Engineering. 

His remarks appear as Wall Street awaited for a fiscal stimulus strategy from U.S. lawmakers. 

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