Fast Money's Next Credit Crunch
421 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons3
DESCRIPTION:

Date updated:12-03-2008

Ratigan said the next big problems could be in the credit card front. Meredith Whitney, an analyst for Oppenheimer & Co., said banks are pulling lines from consumers just when they are losing their jobs.

symbol name last price % change open
  • +
  • MS
    Morgan Stanley
  • $30.51
  • -2.90%
  • $30.34

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: No Rating What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $164.16
  • -2.82%
  • $164.27

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning GS also tend to own: AOBCOGOCRYPGELGLWGRMNMDRX

TheStreet.com Rating: C What is this?

  • +
  • C
    Citigroup Inc
  • $4.06
  • -2.64%
  • $3.98

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning C also tend to own: ACEBACCBCOPCVXDISGS

TheStreet.com Rating: D What is this?

  • +
  • MA
    Mastercard Inc
  • $235.59
  • -1.77%
  • $234.52

If you’re looking for a trade Mastercard [MA] could take a hit, adds Guy Adami.

People owning MA also tend to own: AAPAXPBRK-ABRK-BBROCHKCNQR

TheStreet.com Rating: B What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $41.33
  • -1.97%
  • $40.98

I’m short Capital One [COF] for this very reason, explains Karen Finerman. And I think there’s more bad news to come. However, I wouldn’t short JP Morgan [JPM] because they could trade up on other things.

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • AXP
    Amer Express Inc
  • $40.84
  • -2.11%
  • $40.71

American Express [AXP] could take it on the chin too, adds Tim Seymour.

People owning AXP also tend to own: AIGALLBACBRK-BCCOFFNM

TheStreet.com Rating: C What is this?

  • +
  • COF
    Capital One Finan
  • $37.24
  • -3.92%
  • $37.39

I’m short Capital One [COF] for this very reason, explains Karen Finerman. And I think there’s more bad news to come. However, I wouldn’t short JP Morgan [JPM] because they could trade up on other things.

People owning COF also tend to own: AFGAIZAMPAMTDAWBCBACCKFR

TheStreet.com Rating: D+ What is this?

  • +
  • SRS
    Ultrashort Real E
  • $9.44
  • +5.83%
  • $9.46

Or, if you want to short commercial real estate, look at the ProShares UltraShort Real Estate [SRS].

People owning SRS also tend to own: ABXBHPBVNCAMCEOCRESYDXD

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

latest articles | popular forums
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to Jim Cramer, investors need to know the four enemies of all bull markets. On Wednesday’s “Mad Money” TV show...

11.27.09 | 13:36 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 27, 2009 According to CNBC’s “Fast Money” traders, the adjustment in the third-quarter GDP figure released on Tuesday from an exp...

11.27.09 | 12:22 PM
Black Friday Short-Squeeze Oppor...

By Jonas Elmerraji Posted on Nov. 25, 2009 With Thanksgiving fast approaching, retailers have one thing on their collective minds: Black Friday. After all, the day, whi...

11.25.09 | 13:33 PM
Dividend Stocks for the Week

By Jonas Elmerraji Posted on Nov. 24, 2009 Don’t dismiss dividends right now. While stocks may have made significant strides in the rally that’s taken hold of the m...

11.24.09 | 11:36 AM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The YouTube Exchange
07.22.09 | 17:45 PM From author Rawbrrt
Other People's Ideas (OPI)
11.28.09 | 15:23 PM From author Valerie J
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
more forums
recent answers | popular answers
bubble(1)
Q. Regarding valuation analysis, Cr...
11.28.09 | 12:18 PM Asked by snassif

A. any forward growth guidance you get from
a company has to be taken with a grain
of salt. dubai was not news 2 days ago,
yesterday it clipped the s n p for 20
points. these are turbulent times and
all forward statements are a guess. 5
year ones are a joke. we've had a really
nice upternd for the last 8 months, that
may be coming to and end or at the very
least its probably gonna get choppy.
you're gonna have to be the judge of the
reliability of any future estimates and
any one stock can have multiple guesses
at theirs.

show all recent stockpickr answers
today 's lists
Rising on Unusual Volume

Here are some stocks that moved up on unusual volume on Nov. 27, 2009. more

Analyst Downgrades

Analyst Downgrades or Estimate Reductions for Nov. 27, 2009. Read more here. more

Earnings Announcements

Here is a list of some of the companies that will report earnings on Monday (Nov. 30, 2009). For some of the companies below, EPS estimates* are provided. * Analyst o... more

show all today's lists