๐How can we profit from the banking crisis?(22 Mar)
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There have been a series of shocking bank failures in Europe and the United States over the past two weeks, causing the global banking industry to be in turmoil. What are the best ways to profit from the banking crisis?
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[Winners Announcement: 22 March]
1. Here are the 6 Tigers whose post has the best quality & interaction yesterday:@0QH @LMSunshine @Ultrahisham @mster @ZEROHERO @airui
๐Stuck With CS Shares Or ๐คBuy CS For UBS Sharesโ
AMAZON vs META JOB CUTS, Why Market Reacted differently?
My Trading Plan for Nike Stock Ahead of Earnings
2. Here are the stocks mentioned by the above Tigers:$Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ $Nike(NKE)$ $NVIDIA Corp(NVDA)$ $CSI China Internet ETF(KWEB)$ $SPDR S&P 500 ETF Trust(SPY)$ $Bank of America(BAC)$ $UBS Group AG(UBS)$ $Citigroup(C)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-30 Coins:
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Tuesday Afternoon Market Recap
- Regional banks surged Tuesday, led byFirst Republic. The beaten-down bank jumped almost 30%, a day after losing 47%. $SPDR S&P Regional Banking ETF(KRE)$ gained nearly 6%. Regionals got a boost afterTreasury Secretary Janet Yellen said Tuesday morningthat the government is ready to provide further guarantees of deposits if the banking crisis worsens.
- With Credit Suisseโs (CS) solvency no longer a major concern after the weekend'sforced marriagebetween UBS (UBS) and Credit Suisse, US regional banks remain an area of focus. JPMorgan isreportedly leading talks with other banksabout efforts to stabilize First Republic (FRC) after last weekโs $30 billion deposit lifeline failed to restore confidence. Shares soared nearly 30% Tuesday after sinking 47% Monday.$First Republic Bank(FRC)$
- Bitcoin facing heavy resistance at current level, says BTIGโs KrinskyBitcoin has been on a steady climb since the crisis in the banking system began to emerge with Silvergate Bank earlier this month.The cryptocurrency has rallied 45% over the past 11 days and is now past the key $25,200 level chart analysts had been watching, and sitting at $28,000.$Grayscale Bitcoin Trust (BTC)(GBTC)$
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