Financial Stocks - Survivors/Picks

[BadThad]

Who's going to survive this subprime banking mess? What stocks are going to be the hot buys once they reach lows? How about home builders? We should see some good deals on those stocks too. How many months is it going to take for all this to get settled down and back to "normal"?

One stock I'm watching is CFC. No way I'm buying it today, but I think it's a good one to watch, they will survive.

THE LIST THAT'S GOING TO MAKE ME SERIOUS GREEN

LEV (Shareholders lawsuit pending)
CFC
FNM
WFC
ABK
MBI
TMA

BANKRUPT! DFC

[BadThad]

Home builder play, run to the ground:

LEV

[BadThad]

Financial company destroyed, but there's HOPE for it!

DFC on google

[BadThad]

Article out:

Investment adviser points to select bargains in financial sector
1:11p ET November 9, 2007 (MarketWatch)
BOSTON (MarketWatch) -- Leo Leydon of Financial Focus Advisory Services in Pembroke, Mass., says that the near-constant bad news coming from the financial services sector has pushed the market to its capitulation point. That's where there has been enough of a sell-off that some stocks are worth buying, and Leydon said in a radio interview with Chuck Jaffe, MarketWatch senior columnist, that there are select financials - notably Bank of America and American Express - that are at that point now.

Specifically, Leydon, who uses a mix of technical and fundamental analysis in determining what to buy, sell or hold, said that Bank of America Corp. and American Express Company are good purchases now, while Citigroup Inc. , Washington Mutual Inc. and Allied Capital Corp. are stocks Leydon would sell.

Leydon's wide-ranging interview also included buy recommendations on MEMC Electronic Materials, TASER International, and FalconStor Software. He put a sell recommendation on VMware, and said that despite headlines that have knocked the stock around, Cisco Systems is a strong "hold."

In another interview from Jaffe's weekday radio program, Kurt Schacht, managing director of the CFA Centre for Financial Market Integrity, reported from a meeting in Japan of securities regulators from around the globe and noted that foreign regulators and investors have a fascination with the pay packages of U.S. executives, wondering why shareholders tolerate pay levels that the rest of the world considers excessive.

[BadThad]

LEV files....big trouble!

http://investing.reuters.co.uk/news/...KRUPTCY-DC.XML

[BadThad]

Down 58% today....OUCH!

ETFC on Google Finance

[BadThad]

Originally Posted by BadThad

Down 58% today....OUCH!

ETFC on Google Finance

ETFC up 16% today so far! WOOOOHOOOOO (Yes, I bought some). :D

[BadThad]

WOOOHOOOO! Up 31% now! :D CHACHING!

[BadThad]

Federal National Mortgage Association (i.e. Fannie Mae)

Definately will survive, but how low will the stock go? Hit it's all time low today:

FNM on Google Finanace

Another stock to scoop up soon, yea....I'm making a list here. When I think the bottom has struck for the subprime mess, I'm loading up in a big way on financial stocks. I plan on retiring EARLY! :D

[BadThad]

Oh yea....nice downgrade and PPS drop:

Nov 16 (Reuters) - Keefe, Bruyette & Woods downgraded Wells Fargo & Co (WFC.N: Quote, Profile, Research), the second largest U.S. mortgage lender, to "underperform" from "market perform" based on valuation and added that the company's strong performance so far could not be sustained in 2008.

The brokerage said despite the company's strength in its franchise, it may not be able to avoid significant increases in credit costs in a rapidly deteriorating housing market.

"Wells has significant concentrations (of loan portfolio) in regions of the country that we expect to experience downturns in 2008," the brokerage said.

However, it said the company may in the long run benefit from current market dislocations as it is a diversified portfolio lender with a strong capital base.

"We want to underscore that our underperform rating is valuation driven and is not a call on any long term weakness in the Wells franchise," the brokerage said in a research note.

The brokerage cut its price target on the company to $27 from $33, and also lowered its 2007 earnings estimates on Wells to $2.65 a share from $2.68.

Shares of Wells Fargo were down 2.4 percent at $31.20 in morning trade on the New York Stock Exchange. (Reporting by Ramya Dilip in Bangalore; Editing by Bernard Orr)