On today’s Wall Street Confidential video on TheStreet.com, Cramer unsurprisingly talked about the brokerage firm stocks now that all three reports in the group are out for the week. He also reviewed the huge jump in the lending stocks.
On the brokerage stocks he likes Goldman Sachs (GS) and thinks it isgoing to $250.00 fast and that is his favorite name in the group. Hethinks Bear Stearns (BSC) is #2 in the and Lehman is #3 The onenegative name that Cramer gave in the group is Merril Lynch (MER).
The number of buyers in the past that were willing to buy defaulted loans was huge, and that is what Bear Stearns is doing. In Accredited (LEND) and these Indymac (NDE) are all bouncing on short coverings. Cramer noted that Thornberg (TMA) is a good company as is Indymac (NDE) and he is inclined to be long those, but not on all of the ones that are up just on short covering.
He doesn’t think the homebuilders have been smart here.
Jon C. Ogg
March 15, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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