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The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.

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1. Kahn Brothers

By Tim Melvin

2:17 p.m. EDT

Old-line value manager

Kahn Brothers

released its quarterly holdings earlier today. The company was not very active in the quarter. Since it is focused on book value, the relative inactivity does not surprise me, because the market was rising rapidly most of the period.

Khan Brothers added to some of its cheap stocks, including two stocks that are on my list:

Audiovox

TheStreet Recommends

(VOXX) - Get VOXX International Corporation Class A Report

and

Syms

(SYMS)

. The company likes the banks a lot more than I do, adding to positions in

Citigroup

(C) - Get Citigroup Inc. Report

,

Landmark Bancorp

(LARK) - Get Landmark Bancorp, Inc. Report

(a micro-cap),

Key Corp.

(KEY) - Get KeyCorp Report

and

New York Community Bancorp

(NYB)

.

Khan Brothers added to medical imaging company

Hologic

(HOLX) - Get Hologic, Inc. Report

and electronics manufacturer

Nam Tai Electronics

(NTE)

. A quick check of the numbers shows Nam Tai to be a net-cash stock with cash equal to market cap. The firm sharply reduced stakes in

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

and

USEC

(USU)

in the quarter.

There were no new positions added to the portfolio during the quarter.

No positions.

2. A Good Time for Banks to Raise Cash

By Geoff Johnson

12:46 p.m. EDT

At the time of its second-quarter earnings release,

East West Bancorp

(EWBC) - Get East West Bancorp, Inc. Report

, a bank

I bought

recently, got very aggressive in terms of writing down loans and then raising capital to replenish the balance sheet. The result was a much higher stock price -- this from a bank at ground zero for all that was bad about housing and banking. I noted back then that other banks

should do the same

. Now is a great time to get hopping.

Perhaps one bank getting some religion is

Marshall & Ilsley

(MI)

. It sold and wrote down $297 million in mostly nonperforming mortgages, receiving about half of the unpaid principal balance. Ouch!

However, given that the loans were concentrated in Arizona, this makes sense. (Arizona prices are down 50% from the peak.) The fact that the bank was able to sell the loans is a huge positive, as it means there were buyers and we're getting some transactions against which to benchmark the garbage. Marshall is a good example of a bank that may need additional capital. It should just get it done.

Bank stocks and the market will have indigestion at the prospect of banks raising capital, but at this stage I view it as a stone that must be passed on the way to a healthier banking system -- not cancer.

No positions.

3. Corporate Bonds Weaker

By Tom Graff

11:10 a.m. EDT

Corporate bonds are clearly weaker today vs. Treasuries, with almost every name I follow at least 2-7 weaker. Yesterday there were some cracks, but today the weakness is clearly more pronouced.

No real themes other than higher-beta is wider. In media, for example,

Cox

(CXR)

is 10 wider while

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

was only 4. We know everyone expects a pullback, and so I think there will be ample profit-takers anytime we back up a bit.

The junk ETFs are holding in, with both the

SPDR Barclays Capital High Yield Bond

(JNK) - Get SPDR Bloomberg High Yield Bond ETF Report

and

iShares iBoxx High-Yield Corporate Bond

(HYG) - Get iShares iBoxx $ High Yield Corporate Bond ETF Report

about unchanged.

iShares iBoxx Investment-Grade Corporate Bond

(LQD) - Get iShares iBoxx $ Investment Grade Corporate Bond ETF Report

is underperforming the 10-year by about 30 basis points but is positive on an absolute basis.

Long HYG and LQD.

4. Goldman Sachs

By Timothy Collins

10:35 a.m. EDT

Interesting to see

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

up here today. It almost seems as if it has become the "safe haven" play when markets turn, but folks dump this stock when they are feeling frisky and want to go with a higher beta bank play.

Long GS calls, short the stock.

5. MasterCard Buy Setup

By Alan Farley

8:37 a.m. EDT

MasterCard

(MA) - Get Mastercard Incorporated Class A Report

gapped up on high volume in late July, breaking three-month resistance at $189. It has shown no progress at all over the last eight trading days.

The opening price of the rally day, at $206, has become a major inflection point, with a spike through that level triggering a buy signal for a rally that could lift the stock into September's "Paulson spike" at $239.

Check out the 60-minute chart

here

.

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This article was written by a staff member of RealMoney.com.