Merrill Lynch & Co (US) (MER)

TOP PICK
They’ve had a bounce, the easy moneys been made. 41% positive differential. Put it away you’ll make nice money.
TOP PICK
Forget banks get bank related brokers. Brokerage houses are being downgraded, which is a signal to Buy. His model price is $105.31, a 44% positive differential. Others that look good are Bear Stearns (BSC-N), Lehman Brothers (LEH-N) and Goldman Sachs (GS
COMMENT
Very powerful retail brand franchise, much stronger than Morgan Stanley (MS-N) and much more conservative. Dollar cost average when buying these stocks during this intense mortality.
SELL
No one knows how much exposure there is to the sub-prime mortgages.
TOP PICK
(Due to technical difficulties, comments were not available.)
BUY
US brokerage stocks have not performed all that well over the last couple of years for Canadian investors. Positive on the sector for the next 6 months. Trading revenues will improve because he feels there will be a moderate rally in the US stock market.
TOP PICK
Trading at about 1.8 X book. Growth story from a retail standpoint is just starting to kick in.
TOP PICK
Financials will move up even when rates are rising.
PAST TOP PICK
(Past top pick Apr 2/04. Up 8%.) A long-term play.
TOP PICK
With the stock market stronger and IPO activity up, and trading at 13/14 X earnings, well positioned.
BUY
At a very good value. As the market turns, they have enormous upside leverage. Investment banking is back. Reasonable multiple at 14/15 X.
TOP PICK
You have to own some financial service company that has exposure to acquisitions, mergers and IPOs. 15 X earnings. Positive prospects as the year goes on.
PAST TOP PICK
(Top pick June 5/03. Up 16%.) As the economy turns around, probably the best stock for leverage on the improvement in the investment industry. Still buying it.
DON'T BUY
Went up with the market rally and doesn't expect it to go any higher for a while. Would buy at a lower price.
TOP PICK
Stock market is recovering and they are leveraged to it. Can do extremely well in a good market.
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