The initial big hits on individual names Friday came from the U.K., which was expected, so no surprise there. The question is how much damage occurred and does it create an opportunity or merely expand the fault lines of disaster? Today, I'm focusing on a small handful of financial names: Barclays (BCS), Royal Bank of Scotland (RBS), and Lloyds Group (LYG).
If I had to pick the best in the group, and I use that term loosely, it would be BCS. The stock managed to finish well off Friday's lows and on the weekly chart we can see the stock closed much lower in late March. Again, don't misinterpret what I'm saying here. This is like looking at spoiled meat and trying to guess which one might cause the least stomach turmoil if you decided to cook them all up and serve them. BCS has the least amount of flies swarming at the moment
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