3 Stocks the Smartest Investors Are Buying Right Now
Main Street investors shouldn't blindly follow professional investors into their latest stock picks. However, tracking Warren Buffett, Nelson Peltz, and Steven Cohen can be profit-friendly given that an uncanny knack for buying at the right time has turned each of these investors into billionaires. After reviewing the latest holdings of these three pros, our Motley Fool investors think that it could be smart to buy Synchrony Financial (NYSE: SYF), Procter & Gamble (NYSE: PG), and Activision Blizzard (NASDAQ: ATVI) shares now.
Dan Caplinger (Synchrony Financial): No investor has a better reputation for intelligence and wisdom than Warren Buffett, and so when the Oracle of Omaha starts looking at a stock, other investors pay a lot of attention. One of the biggest moves that Buffett made last quarter was to add shares of Synchrony Financial, a consumer financial services company that offers a variety of products and services. The company's Synchrony Bank unit provides online savings accounts with attractive rates, but Synchrony's more interesting business focuses on corporate clients that want to offer credit to their own customers through branded credit cards and installment loans to finance purchases.
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Source: Fool.com