Hedgeye CEO Keith McCullough is adding Synchrony Financial (SYF) to the short side of Investing Ideas. Below is a brief note.
Hedgeye Financials analyst Josh Steiner has added Synchrony Financial (SYF) to his Best Idea short list:
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“While bulls cite the prospect for new program launches, recent exciting deal wins, the belief of continuing strength in the domestic consumer, and a stronger, more defensible portfolio following Walmart's move to COF, our analysis concludes that SYF is much more like a ice cube on a hot summer's day with both secular and cyclical headwinds poised to accelerate the melt.” |
