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  • Swing Trade Idea – March 24, 2023

    • Citigroup (C) – The US big bank with its shares down the most amid the concerns with Deutsche Bank (DB). A report early Friday morning suggested the cost of insuring Deutsche Bank from a default suddenly spiked. Citi shares were down about 2%; Deutsche Bank shares were down about 8%.
    • iShares MSCI Europe Financials ETF (EUFN) – An exchange-traded fund (ETF) to gain exposure to Eurobanks. The ETF sees some good volume each trading day, an average of over 1 million shares traded.
    • RH (RH) – A play on upcoming earnings out of this luxury home goods retailer. RH will report quarterly results on Wednesday after the market close.
    • Jefferies (JEF) – Despite concerns with the global banking industry over the last several weeks, analysts at Oppenheimer on Friday were optimistic on Jefferies. The analysts highlighted Jefferies as a standout in the investment banking and financial services industry.
    • Barnes & Noble Education (BNED) – A play on the education publishing industry. Shares of peer in the space, Scholastic (SCHL), were down nearly 20% Friday morning following disappointing quarterly results.
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