Societe Generale Group (OTCBB:SCGLY)

[winston]

not vested

Societe Generale Group (OTCBB:SCGLY) hit a new 52 week low at the opening of trading but quickly bounced back.

This French bank is more at the epicenter but it is one of the few trending higher since 2012, which makes it slightly less risky.

If the ADR breaks 52 week lows at the open, the dividend yield will climb past 7%, a very good deal for a $30 billion bank.

Since a good portion of the selling across markets is coming from margin calls on traders who made bad Brexit bets, when those margin calls dry up stocks like SocGen will quickly rise back up.

This one is more of a trade than a long term hold as SocGen is tied to the Eurozone.

Source: 24/7 Wall St.