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A stronger than expected homebuilder confidence indicator was added to, along with positive earnings bias, and some hope that currency fluctuations may be nearing an inflection point. Continue reading Closing Bell: The Bulls Return (AGAM, ABK, AIG, C, DV, LULU, STX)
American International Group, Inc. (AIG) announced a plan to repay all its obligations to American taxpayers. AIG shares closed up $1.65 to $39.10. Overall option implied volatility of 42 is below its 26-week average of 50, according to Track Data, suggesting decreasing price movement. 
A slightly better than expected jobless claims report and a slightly higher revision to GDP did not propel stocks further on the end of the quarter after a strong September. Even strong data out of Chicago PMI managed to offer no additional rally today and that DJIA 11,000 looks more elusive. And how about that $80 oil? Continue reading Closing Bell: A Weak End to a Strong September (AIG, CSIQ, RAD, MWW, AIB, JNJ, WHR)
The markets decided to take a breather today. Blame the dollar, bonds, or gold all you want, but the DJIA has had a good run and the market is still over 10,800 on the DJIA. Maybe we are just seeing some profit taking. Continue reading Closing Bell: Profit Taking Wednesday (FDX, YRCW, AIG, FDO, C)
Prudential Financial (PRU - option chain) shares are rising on reports that the company will announce a deal later this week to buy AIG's (AIG) two Japanese life-insurance units for a combined $4.8 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on PRU.Continue reading Prudential Likely to Acquire Japanese AIG Life Insurers
The most common question I get from friends, family, business associates and, well, everyone is -- Do you expect a double-dip recession? My answer is an unequivocal "No!"
American International Group, Inc. (AIG) closed down 13 cents to $35.04. AIG announced the payment of a $3.9 billion in loans to the Federal Reserve Bank of New York. September put option implied volatility is at 44, November is at 56, January is at 58; versus its 26-week average of 53, according to Track Data, suggesting decreasing near term price movement.
Monday morning, embattled insurer American International Group (AIG) announced that it is repaying $4 billion in bailout loans to the government. 
You could blame trade deficit, or the government deficit, which both came out today, either way, this was one of those miserable days spawned overseas with weakness in China and on the heels of a lower economic guidance from the FOMC. Triple-digit DJIA losses never saw any bargain buyers come into the mix. Today's drop in the DJIA also took the index back into the red for the year as the December 31 closing date was at $10,428.05. Continue reading Closing Bell: Red for the Day and Red for the Year (AIG, FIG, TRV, CREE, APA, AVGO)
Although the name American International Group (AIG) is considered a four-letter word by many Americans who are disgusted with the $182.3 billion bailout the company received from the U.S. government, traders on Wall Street seem to be warming up to the idea of buying this pariah's stock once again.
The question is...should you be buying this stock too? I say yes. After all, isn't it about time you benefited from this bailout?
Let's take a look at a few fundamental factors that look promising for the company and what we can learn from the stock chart itself.
Class action suits of three Ohio pension funds against AIG (AIG) have been settled for $725 million.
American International Group (AIG - option chain) shares are rising today as rumors swirl about the possibility that the company might spin off or sell some of its more attractive businesses. Reports today indicate that the board may be considering an IPO for AIA, the company's Asian Insurance unit. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on AIG.
To continue the saga of what might be on Warren Buffett's foreign wish list, consider the current holdings of Berkshire Hathaway (BRK.A/BRK.B), the largest of which is insurance. The insurance industry has been hard hit by the economy, but it also has the greatest potential to rebound of any industry. Insurance companies have huge cash flow and a large float (mandated by government regulation) that can be used for investments. This has been a major contributing factor in Buffett's success.Continue reading Serious Money: Buffett Going Global -- Part 5
Alan Greenspan called for a pause in the return to growth, but wholesale trade and some international stability helped stop things from getting too far out of line. We had three days of rallies and the action at the end of the day made this a fourth straight day of rallying. In fact, buying interest led to closing right near the highs of the trading day. Continue reading Closing Bell: Four-Day Rally, Time a Fifth (ACE, AIG, NANO, RIMM, SCSC, CPTS)
According to the Congressional Oversight Panel's newest report (due for release today), the government may haved jumped the gun a bit when bailing out American International Group (AIG).
The panel cannot be sure that the U.S. taxpayers will every be fully repaid the $182 billion given to the troubled insurer. In fact, the panel believes that the government should have explored other options before bailing out AIG.
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