Cramer's Broker Plays2 Portfolio - Stockpickr! Your Source for Stock Ideas

Cramer's Broker Plays2

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Created by sarah z

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Date updated:08-28-2007

From 8-28-07:

"Finally, the number cuts! Finally, the downgrades! People seem possessed when it comes to trying to call a bottom in the securities stocks. They know that these companies have tremendous earnings power and they seem dirt-cheap because of their high single-digit multiples. They know that despite the fact that August was one of the worst months in the history of this business, these companies have a way of turning themselves around quickly -- through rapid firings and downsizings where it is most needed -- and giving us quick earnings recoveries.

What drives these stocks are expectations, and the expectations for this group were all set when things were hitting on all cylinders: private equity, mortgage backs, fixed income, IPOs, corporate finance, mergers and acquisitions -- you name it, it was working. But for the past two months nothing's been working, yet the estimates stayed high and the stocks stayed on the recommended lists. Monday we got some much-needed number cuts from Goldman Sachs' research. At last, the bottoming can start.

LEH
Leh
$0.00
N/A
$N/A

No Analysis added

People owning LEH also tend to own: BNI CX EFA EWJ EWY GOOG IVE

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BSC
Elements Bg Sm Cp
$9.97
-5.31%
$10.18

No Analysis added

People owning BSC also tend to own: AAPL DE ERTS GROW LFC PBR ARNA

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GS
Goldman Sachs Grp
$170.01
-1.63%
$171.40

Goldman's not a cocky place, despite all appearances from the outside that it might be. The place has always run scared and underconfident, and Lloyd Blankfein is a great continuer of that tradition. That's what makes it entirely possible that Goldman's got something good up its sleeve.

People owning GS also tend to own: AOB COGO CRYP GEL GLW GRMN MDRX

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