Leon Cooperman offers stock advice at Delivering Alpha.

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) , United Continental Holdings (UAL) , Hess Corp (HES) , Shire PLC (SHPG) and WPX Energy (WPX) 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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