Why These 5 Stocks Are Trending on Monday

In this article, we take a look at five stocks that are in the spotlight on Monday. If you want to take a look at some more stocks that are trending today and the latest market situation, go directly to Why These 10 Stocks Are Trending on Monday.

5. Synchrony Financial (NYSE:SYF) is down 4.5% as of 12:18 PM ET after the Stamford, Connecticut-based consumer financial services company was downgraded from an Overweight rating to an Equal Weight rating by Betsy Graseck at Morgan Stanley. Meanwhile, the price target was lowered by more than 28% to $40. Synchrony Financial (NYSE:SYF) stock was also removed from the ‘Fresh Money Buy List’ at Morgan Stanley. The analyst highlighted that “war changes everything” and that the rapid pace of inflation due to the rise in global commodity prices will result in an interest rate hike, leading to increased credit risk for consumer financing companies. Furthermore, the emergence of an inverted yield curve could slow down growth and make a case for recession. Of the 924 hedge funds in Insider Monkey’s database, 34 funds had a holding in Synchrony Financial (NYSE:SYF) at the end of Q4 2021.