Omega Advisors' Leon Cooperman is no fan of consumer staples stocks as his hedge fund moves to...

|By:, SA News Editor

Omega Advisors' Leon Cooperman is no fan of consumer staples stocks as his hedge fund moves to short Procter & Gamble (PG +0.1%), Unilever (UL -0.1%), and Nestle (NSRGY.PK) in the new year. The investor says he isn't convinced by the margins and growth of the group. If he's right on his call, the Consumer Staples Select Sector ETF (XLP) also looks dicey.