Top Names, 6/22/2023

Continuing our core strategy. Plus, a note about banks.

A Brief Bank Update

Before we get to this week’s top ten names, a couple of quick notes on the banking situation.

1. Usage of the Federal Reserve’s post-Silicon Valley Bank emergency bailout program, the BTFP, hit another record high.

   

2. The ETF that tracks regional banks looks like it might be rolling over, having just dropped below its 50-day moving average.

   

If so, that should be good news for our bets against regional banks.

Now onto this week’s top names, where we have a few biotech companies on the list this week.

This Week’s Top Names