FINRA Alert

FINRA has issued Alert to warn the public about scam that promises investors compensation from ARS which are auction rate securities, in exchange for personal information.  Please see real life example of what the email sent to investors looks like.
More information here.

$11 Billion Shortfall

This is what AIG may face. The shortfall is in insurance reserves, which would property-casualty claims. “Todd Bault said that AIG may have cut back on its use of reinsurance and become too “aggressive” in pricing workers’ compensation and professional liability policies.” Price target is cut down from $20 to $12.
 
Read more here.

Learning to Invest – Podcast

There are two new podcasts available through FINRA’s site that discuss basics on investing (Podcast #1) and risks associated with different types of investments (Podcast #2).
Click here to view the podcasts.

Stocks heavily shorted

Markets have been rising drastically this year, and it is not a surprise that most of the highly shorted stocks are up too.   
Here are some of the stocks with the largest amount of shorts as a percentage of float, out of the Russell 1,000 according to Bespoke Investment Group.
 
 
Find more here.

More ETF/ETNs added

According to the National Stock Exchange the number of ETFs has increased over 11% since October of 2008. Including ETNs – Exchange Traded Notes it totals to 880 Listed ETF/ETNs. The industry is rapidly expanding. October NSX data states that more than $707 billion is invested in ETF funds.
 
Find few here.

Looking ahead.

Is $2000/oz too much for Gold? Since the beginning of this year GLD has risen almost 25% in value and GDX, which is the Market Vectors Gold Miners ETF has increased 40.55% this year. Other than holding physical gold investors can gain exposure to gold by investing in stocks closely tied to gold mining market. [...]

Earnings Report

Allied Capital (ALD): Q3 EPS of $0.02 misses by $0.05. Revenue of $M in-line. Shares -1.3% premarket.
CVS Caremark (CVS): Q3 EPS of $0.65 beats by $0.01. Revenue of $24.6B (+17.7%) in-line. Shares +1% premarket.
Frontier Oil (FTO): Q3 EPS of -$0.26 misses by $0.11. Revenue of $1.1B (-45.4%) in-line.
MetroPCS Communications (PCS): Q3 EPS of $0.21 beats [...]

How to Invest in Muni Bonds

This new podcast is nowavailable through FINRA’s site.
Click here to access podcast.

Your First Move For Thursday October 29th

Tim Seymour is short PetroChina (PTR)
Joe Terranova suggests long Qualcomm (QCOM)
Pete Najarian is long on Motorola (MOT)
Click here for more on your first move for today from CNBC’s “Fast Money”

Smart Saving for College – Part II

Second podcast from the Smart Saving for College series is now available through FINRA’s website.
Click here to view podcast

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