Fast Money's Pairs Trades Portfolio - Stockpickr! Your Source for Stock Ideas

Fast Money's Pairs Trades

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Created by barrons3

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Date updated:06-17-2009

Carter Worth, chief market technician for Oppenheimer & Co., came on the show to talk about making some money in pairs trades at a time when equities are dead. In a nutshell he advocates looking at stocks that have been highly correlated over time until lately when they have diverged. The assumption is that they will converge again.

DAI
Daimler Ag
$53.15
0.00%
$N/A

His recommendations include buying Daimler-Chrysler(DAI) and shorting Ford(F). Worth’s thesis: Patterns suggest Daimler's stock looks be in the throws of a bearish to bullish reversal while Ford's stock has recovered too steeply.

People owning DAI also tend to own: AAPL AFL AIG AWK CLHB COP DIS

TheStreet.com Rating: D+ What is this?

F
Ford Motor Co
$8.81
+0.92%
$8.80

People owning F also tend to own: AEP AMP AOC CAG CSX EIX GNW

TheStreet.com Rating: C- What is this?

ACN
Accenture Plc.
$40.54
0.00%
$40.37

He would buy Accenture(ACN) and short IBM (IBM). Worth’s thesis: Patterns suggest Accenture is in the early stages of a bearish to bullish reversal while IBM's November – June advance has been very steep and 'uncorrected'.

People owning ACN also tend to own: RYL SUN MSFT F VZ A ALD

TheStreet.com Rating: B+ What is this?

IBM
Intl Business Mac
$127.93
-0.21%
$127.90

He would buy Accenture (ACN) and short IBM (IBM). Worth’s thesis: Patterns suggest Accenture is in the early stages of a bearish to bullish reversal while IBM's November – June advance has been very steep and 'uncorrected'.

People owning IBM also tend to own: AAPL AMD CSCO DELL GOOG INTC MSFT

TheStreet.com Rating: B+ What is this?

UBS
Ubs Ag (new)
$16.10
-0.68%
$16.05

And he would buy UBS (UBS) and short Credit Suisse (CS). Worth’s thesis: UBS's bearish to bullish reversal appears well-defined while credit Suisse has “shot the moon.”

People owning UBS also tend to own: ABN AIG BKC ERJ EWJ GSK JNJ

TheStreet.com Rating: D What is this?

CS
Credit Suisse Gro
$54.78
0.00%
$N/A

And he would buy UBS (UBS) and short Credit Suisse (CS). Worth’s thesis: UBS's bearish to bullish reversal appears well-defined while credit Suisse has “shot the moon.”

People owning CS also tend to own: ARG BHI BIIB BKC COL CVS DECK

TheStreet.com Rating: D What is this?

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