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Explicit Picks Reports On American International Group, Citigroup Inc., Fannie Mae and Freddie Mac(September 21, 2009)
LAS VEGAS, Sept. 21, 2009 (GLOBE NEWSWIRE) -- Even on a day when the market showed weakness there were several bright spots throughout some of the largest companies on Wall Street. Explicit Picks continues to track stocks market wide for our subscribers with a focus on small and micro cap stocks that look to have substantial upside. In order to receive our detailed reports FREE of charge, simply visit us at http://www.ExplicitPicks.com.
AIG made a strong 21.27% move today amid hopes that the Federal Government may ease some of the bailout terms for the world's largest insurer. A report released on Bloomberg's site today indicated that AIG Chief Executive Officer Maurice "Hank" Greenberg is proposing a reduced government role in AIG. He will push for lower interest rates on the loans that were provided by the government and more time to repay those loans.
Citigroup edged higher in Monday's trading with "The Street" issuing a release today indicating that a recent poll they conducted showed that 65.7% of those they polled thought Citigroup was the smartest buy of the so called "troubled companies". Citigroup recently announced that it plans to pay back $20 billion in government loans once it sees more signs of recovery; however, no timetable was issued.
Other financial stocks like Fannie Mae and Freddie Mac also had solid days. In a climate where the winds change daily on these "troubled companies" it certainly wasn't a bad day to start the week.
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