Cramer's Bank Stock Bottom Plays
6503 views
Rate Now: 1 2 3 4

average rating: 3.00 / 1 ratings
Created by barrons2
DESCRIPTION:

Date updated:10-04-2007

The bottom in brokers, the V-bottom, came as it always does -- when the estimate cuts were made. This is one of the few honest-to-betsy indicators that has always worked. It is incredible unless you believe in the maximum despair theory, meaning that the estimate cuts represented the maximum moment of pain.

symbol name last price % change open
  • +
  • BSC
    Elements Bg Sm Cp
  • $10.276
  • +0.25%
  • $10.3999

I believe the group is poised to go even higher as the hung deals are no longer hung. But I would be careful of Lehman and Bear here. I believe their earnings are impaired from too much emphasis on real estate. Their costs are way out of whack.

People owning BSC also tend to own: AAPLDEERTSGROWLFCPBRARNA

TheStreet.com Rating: No Rating What is this?

  • +
  • LEH
    Leh
  • $0.00
  • N/A
  • $N/A

I believe the group is poised to go even higher as the hung deals are no longer hung. But I would be careful of Lehman and Bear here. I believe their earnings are impaired from too much emphasis on real estate. Their costs are way out of whack.

People owning LEH also tend to own: BNICXEFAEWJEWYGOOGIVE

TheStreet.com Rating: No Rating What is this?

  • +
  • MS
    Morgan Stanley
  • $26.60
  • -2.42%
  • $27.06

The bottom in brokers, the V-bottom, came as it always does -- when the estimate cuts were made. That's how Bear Stearns, Lehman and Morgan bottomed.

People owning MS also tend to own: AIGBACCCOPCVXFNMGE

TheStreet.com Rating: No Rating What is this?

  • +
  • MER
    11.88
  • $11.78
  • 0.00
  • $11.78

I also like Merrill Lynch, but I defer to my friend Lenny Dykstra on that name. He has the call.

People owning MER also tend to own: AIGALLAXPBACBRK-BCCOF

TheStreet.com Rating: No Rating What is this?

  • +
  • UBS
    Ubs Ag (new)
  • $12.84
  • -2.06%
  • $13.00

That's how Citigroup and UBS just bottomed.

People owning UBS also tend to own: ABNAIGBKCERJEWJGSKJNJ

TheStreet.com Rating: D What is this?

  • +
  • C
    Citigroup Inc
  • $3.15
  • -2.17%
  • $3.23

That's how Citigroup and UBS just bottomed.

People owning C also tend to own: AIGALLBACCATCBSCOPCVX

TheStreet.com Rating: D What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $151.10
  • -1.98%
  • $154.27

The best remains Goldman, even up here -- on its long-awaited march to $300.

People owning GS also tend to own: ADSCOFIVZJLLJPMRYSCHW

TheStreet.com Rating: C What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Must-See Charts: Ralcorp, Del Mo...

By Jonas Elmerraji Posted on Feb. 9, 2010 With stocks continuing to underwhelm in yesterday’s trading session, the attention is turning toward trading. After all, tec...

02.09.10 | 12:06 PM
This Week's 'Barron's' Roundup

By Roberto Pedone Posted on Feb. 8, 2010 Good Buys For Bad Times: This Barron’s article says with the U.S. economy expected to grow by only 3% in 2010, investors shou...

02.08.10 | 16:28 PM
Cramer's Take on Headline Stocks...

Posted on Feb. 8, 2010 Finance Professor Scott Rothbort will be answering questions on Stockpickr Answers on Monday, Feb. 8. Ask away! Regardless of why a stock is in...

02.08.10 | 14:45 PM
Rocket Stocks for the Week

By Jonas Elmerraji Posted on Feb. 8, 2010 Finance Professor Scott Rothbort will be answering questions on Stockpickr Answers on Monday, Feb. 8. Ask away! Investor an...

02.08.10 | 08:39 AM
more articles
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
Pump and Dump Schemes
08.01.09 | 10:52 AM From author CallaLilly
Speculation and Rumors
05.22.09 | 01:01 AM From author DaveOfDuke
3 Steps to Better Putting
02.10.10 | 00:25 AM From author fanliping
more forums
today 's lists
52-Week Highs

Here are some of the biggest stocks that made the 52-week high list on Feb. 9, 2010. more

Cramer's Lightning Round

These are the stocks from Jim Cramer's Feb. 8 Lightning Round. We list the stocks on which he is BULLISH and BEARISH.... more

Analyst Upgrades

Analyst Upgrades and EPS estimate changes for Feb. 9, 2010. more