Cramer's Bank Stocks2
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Created by sarah z
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Date updated:09-26-2007

From 9-21-07:

"Brokers are too hard. Are banks too hard? I see this big downgrade to sell on the banks by Merrill and I have to admit that it is tempting. I just hit up the short interest for Wells Fargo (WFC) and Wachovia Bank (WB). These numbers are extraordinary. There is so much short pressure on these names that I have to believe they are calling every analyst and demanding downgrades and the merchandising of the short stories. I find it laughable.

If you pick a bank with a 5% yield and you just wait, you will make good money from the cuts alone. Most can't wait. Waiting is another way to outperform if you are spotted 5%."

symbol name last price % change open
  • +
  • WFC
    Wells Fargo & Co
  • $26.71
  • +1.06%
  • $26.89

In the Merrill downgrade of Wells, the analyst says this, the finest bank in the land, is up too much. For heaven's sake, it is up 3%!

People owning WFC also tend to own: AEPAPABACCOFCOPCVXDELL

TheStreet.com Rating: C What is this?

  • +
  • WB
    32.35
  • $5.27
  • 0.00
  • $5.27

Last night on "Mad Money" I said I liked Wachovia. The short position in that stock has jumped from 20 million to 40 million since June. That's just nuts.

People owning WB also tend to own: AIGALLBACCCATCBSCOP

TheStreet.com Rating: No Rating What is this?

  • +
  • BNS
    Bank Of Nova Scot
  • $42.87
  • 0.00%
  • $N/A

While I am at it, stop fretting about the Canadian dollar's strength against the U.S. dollar. It will only make U.S. banks more irresistible to the likes of Bank of Nova Scotia (BNS).

People owning BNS also tend to own: CAJGSBCEGEGRMNLMTMCD

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

10/01/2007 01:34 AM CDT Asked by SPARKY 114
cramer=thanks for your bank stocks.
now what about my portfolio you have never answered me.
ALU=CHK=CSCO=EMC= HAL=
MON=MSFT=ORCL=RIMM=RS=
T=TEVA=TRN=TXN=VOD=WFC=YUM.
portfolio name: sweet portfolio
sparky114

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