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Banking, finance, and taxes

Cramer on Brokerage Firm Stocks

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By Douglas A. McIntyre Updated Published
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Cramer on tonight’s MAD MONEY has some ways to play next week in brokerage firm analysts: Goldman Sachs (GS) reports before open on Tuesday.  Lehman (LEH) before on Wedsnesday.  Bear Stearns (BSC) before open on Thursday.  Cramer thinks there will be pain in the immediate future and you’ll be able to buy these at much cheaper multiples next Friday.  If these do not sell-off after earnings he thinks that you can still make money.  The bears will probably drive these down according to Cramer.  Here is OUR PREVIEW for earnings in Goldman Sachs.

The bears will frighten you into selling and you can count on the bears to lie and to plant bad stories in the media.  Cramer thinks the bears can convince media that the tape is painted in bad light.  Next Friday Cramer thinks you will be able to buy the best companies around at a discount.

Another name that Cramer thinks you can look at is J.Crew (JCG) after Tuesday’s close.  The stock has been held down by a botched secondary and when they report he thinks they’ll do well and wouldn’t have done the secondary if the quarter was going to be bad.

Jon C. Ogg
March 9, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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