Banking, finance, and taxes
Cramer on Brokerage Firm Stocks
Published:
Last Updated:
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.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
