Leon Cooperman, billionaire manager of hedge fund Omega Advisers, gave his top five cheap stock picks at the CNBC and Institutional Investor's Delivering Alpha symposium Tuesday. 

Cooperman named First Data Corp. (FDC) - Get First Data Corporation Class A Report , United Continental Holdings (UAL) - Get United Airlines Holdings, Inc. Report , Hess Corp (HES) - Get Hess Corporation (HES) Report , Shire PLC (SHPG) - Get Shire PLC Sponsored ADR Report and WPX Energy (WPX) - Get WPX Energy, Inc. Report as his top five picks. 

"The airline's management has identified a lot of cost opportunities. I expect 15 percent earnings growth the next few years," Cooperman said of United. 

First Data shares were down 3.5% to $18.21 in morning trading Tuesday, while United was up 0.1% to $60.52, Hess climbed 0.95% to $41.31, Shire rose 0.24% to $162.05 and WPX climbed 2.15% to $10. 

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