Fast Money's Brokerage Chart Plays
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Date updated:09-04-2008

Are the brokers cheap or just broken? Find out what the charts reveal! Oppenheimer chief market strategist, Carter Worth, joined the crew to discuss the technical outlook for some brokerage stocks

symbol name last price % change open
  • +
  • MER
    Ml Co Cmn Stk
  • $17.16
  • -7.89%
  • $18.08

Worth told viewers to avoid Merrill Lynch(MER), Morgan Stanley(MS) and Lehman Brothers. He explained that all of these charts are in established downtrends.

People owning MER also tend to own: AMGNELOSANFWFMIIIFNBRHAR

TheStreet.com Rating: D+ What is this?

  • +
  • MS
    Morgan Stanley
  • $19.33
  • -4.31%
  • $19.31

Worth told viewers to avoid Merrill Lynch(MER), Morgan Stanley(MS) and Lehman Brothers. He explained that all of these charts are in established downtrends.

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: C- What is this?

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

Worth told viewers to avoid Merrill Lynch(MER), Morgan Stanley(MS) and Lehman Brothers. He explained that all of these charts are in established downtrends.

People owning LEH also tend to own: CMECVSDELLEBAYGEGSMCO

TheStreet.com Rating: D What is this?

  • +
  • AMTD
    Td Ameritrade Hld
  • $12.00
  • -6.98%
  • $12.75

Worth finds the action in these charts to be bullish. “If you’re looking to get into financials, the online brokers, which make most of their money on trading volume, may be the place to play,” he concludes.

People owning AMTD also tend to own: BNIGLWNBRUNHVLOACADAKN

TheStreet.com Rating: B What is this?

  • +
  • SCHW
    Charles Schwab In
  • $17.99
  • -9.23%
  • $19.28

“TD Ameritrade (AMTD), Charles Schwab (SCHW) and Raymond James (RJF) all appear to be acting well according to Worth. Not only are they showing relative strength, but they’re trading at or near 52-week highs.”

People owning SCHW also tend to own: BRCDCEBAYEMCFCFSFLEXGE

TheStreet.com Rating: A- What is this?

  • +
  • RJF
    Raymond James Fin
  • $20.83
  • -10.14%
  • $22.78

“TD Ameritrade (AMTD), Charles Schwab (SCHW) and Raymond James (RJF) all appear to be acting well according to Worth. Not only are they showing relative strength, but they’re trading at or near 52-week highs.”

People owning RJF also tend to own: CCRKCVSINITGJPMMCD

TheStreet.com Rating: B+ What is this?

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