Billionaire investor Leon Cooperman said on Tuesday that he is having a pretty “good” year relative to the major stock indexes, despite the latest market turmoil. The president and CEO of the Omega Family Office said he is keeping expectations low as investors remain stuck in a dire environment, driven by continued inflation and rising interest rates. “The market really doesn’t come cheap,” he told CNBC’s “Squawk Box.” “It’s a very weird market, the indices themselves don’t have a destination for me but I find a lot of individual stocks that are attractively priced … but I don’t expect much from the market.” He marks Cigna, Energy Transfer and Lithia Motors as some of his favorites. He also mentioned Canadian gas producer Tourmaline. About 22% of his portfolio is in energy stocks, he said. Here’s the criteria Cooperman said he uses when looking for individual stocks: A company “tested two cycles,” one that “has been through a few recessions and hasn’t broken.” Dividend income Companies buy back their stock when it’s undervalued Management “quality, dependable” Discount to market valuation Cooperman also said he is avoiding bonds. Shortly after stocks began selling off at the start of the year, Cooperman told CNBC they still represent “the best game in town” and are “the best asset in a bad neighborhood.” He also said 4,800 was likely the highest for the S&P 500 “in a pretty long time” and that aggressive tightening by the Federal Reserve would tip the US economy into a recession next year. Here’s Cooperman’s full interview from Tuesday: