Bear Stearns cuts rating on financials, lifts materials

Discussion in 'Stocks' started by ASusilovic, Oct 26, 2007.

  1. Bear Stearns cut its rating on the financial sector to underweight from market weight while it lifted its rating on the materials sector to market weight from underweight. The financial sector will see more write-downs and worse earnings than the Street expects, and Fed rate cuts won't solve the credit problems, the broker said. On materials, the sector should improve from expectations of a weaker U.S. dollar as well as improving sentiment.{634FBA87-3211-4002-A1D8-4944B7ACA51C}

    Read : Buy as much financials as you can !
  2. And sell Bear Stearns as much as you can ! :mad:
  3. Shorting BSC today. Bastards.
  4. gobar