Trade Alert: SYF
Buy Synchrony Financial (NYSE: SYF)
Today we are following the lead of two “oracles.” Both the Oracle of Omaha Warren Buffett and the Oracle of Boston Seth Klarman have bet big on Synchrony Financial (NYSE: SYF). Buffett’s Berkshire Hathaway (NYSE: BRK.B) owns 17.5 million shares Klarman’s Baupost Group owns 29.3 million. Berkshire’s stake is new while Baupost increased its position in SYF by 65 percent.
We will have more information in the upcoming Weekly Issue.