Banking, finance, and taxes
Cramer Back On The Goldman Sachs Wagon (GS, BSC)
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On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to review how all brokerage firms aren’t cut from the same cloth. The broker to own is the one Cramer always touts as the best, and that is Goldman Sachs (NYSE:GS). After this last quarter reports from brokers this week from the brokerage firms, he thinks it is quite clear that Goldman Sachs is the winner.
With a 50/50 rate cut Cramer thinks it is time for brokers and time for Goldman Sachs with $6.13 versus $4.35 estimates. They even were short mortgages and made money. Cramer still thinks this is worth $300.00 this time next year and is the best one to own.
As far as Goldman Sachs here are some other pertinent tid-bits to contemplate:
They were a TOP PICK FOR 2007 by Cramer
Even with an "Alpha Fund" hit in the news, they won
The bets were on them ahead of the report
The stocks acted weird, but the report was better than Bear Stearns (NYSE:BSC)
Who else can call $135/barrel in oil and get away with it in a "Super-Spike" possibility?
Jon C. Ogg
September 20, 2007
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