Fast Money's Brokerage Chart Plays Portfolio - Stockpickr! Your Source for Stock Ideas

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

MER
11.88
$11.78
0.00
$11.78

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: AIG ALL AXP BAC BRK-B C COF

TheStreet.com Rating: D+ What is this?

MS
Morgan Stanley
$33.75
+0.15%
$33.99

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: AIG BA C CPWR DIS FWLT GS

TheStreet.com Rating: D+ 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: BNI CX EFA EWJ EWY GOOG IVE

TheStreet.com Rating: No Rating What is this?

AMTD
Td Ameritrade Hol
$20.77
+1.52%
$20.52

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: BNI GLW NBR UNH VLO ACAD AKN

TheStreet.com Rating: B What is this?

SCHW
The Charles Schwa
$18.10
+2.61%
$17.75

“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: BRCD C EBAY EMC FCFS FLEX GE

TheStreet.com Rating: C+ What is this?

RJF
Raymond James Fin
$26.34
0.00%
$N/A

People owning RJF also tend to own: BA CHIC COBR ICTG IDCC OMM OTEX

TheStreet.com Rating: B- What is this?

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Q. can anyone explain the BGF seper...

11.12.09 | 20:03 PM Asked by BS7518

A. BGF was an enhanced income security,
which represented one share of common
stock (BGS) plus $7.15 principal amount
of senior subordinated debt. They first
separated the note from the stock, then
did a partial redemption of the bond.
You should have received the following
for each share of BGF
1 share common (BGS)
$4.28 cash per share for the partial
redemption (this includes dividend)
1 note with face value of $3.11

There really is no market for the bond
portion. You will probably end up
holding it until redemption.

Hope that helps.