Tag Archives: aig
SALT Conference: Blog Recap
SALT Conference Live Blog LAS VEGAS (TheStreet) — After focusing on many macro trends at the Skybridge Alternative Investment (SALT) conference, the afternoon’s panels focused on some specific names with upside. After such a big run, which sectors and names could provide some upside? In “From Peril to Profit: The Art of Activist and Distressed Investing,” the panelists highlighted specific opportunities on companies that are “down and out.” In particular, after such a strong run in the market, the panelists highlighted opportunities of names that have not run Continue reading
S&P 500 sets record high, closes shy of 1600
Stocks finished near session highs Thursday, propelling the S&P 500 to a fresh intraday high, as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate. Major averages are poised to close higher for the second week in a row.(Read More: After-Hours Buzz: AIG, LNKD, GILD & More)The Dow Jones Industrial Average rallied 13… Continue reading
Obama AIG Fix-It Man Bets on Fannie and Freddie Turnaround
NEW YORK (TheStreet) — Jim Millstein, the restructuring guru who oversaw the Treasury’s former 79.9% stake in AIG, owns preferred shares of Fannie Mae and Freddie Mac on the view that the two government-sponsored enterprises should be recapitalized with private sector money — a plan Millstein himself has been promoting. Indeed Millstein and Phillip Swagel, a former Treasury official during the George W. Bush administration, have been the “leading voices,” arguing for privatization of the GSEs, according to a March 20 report from CRT Capital Group’s Michael Kim. Continue reading
Cramer: Bears, Own Up to It
Editor’s Note: This article was originally published on Real Money on March 19. To see Jim Cramer’s latest commentary as it’s published, sign up for a free trial of Real Money. NEW YORK (Real Money) — It’s not that the market won’t go down Continue reading
Cramer’s ‘Mad Money’ Recap: Don’t Panic!
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener. NEW YORK (TheStreet) — There’s always a better time to sell than into a market panic, Jim Cramer reminded “Mad Money” viewers Monday as he commented on the market’s huge losses, the worst day in nearly three months. Cramer said that even if your outlook on the markets is negative, never ever sell stocks in the middle of a big move to the downside. Continue reading
George Soros Adds Apple, Defriends Facebook
NEW YORK (TheStreet) — While the majority of his peers were selling, legendary investor George Soros was adding to his stake in Apple during the fourth quarter. Continue reading
Cramer’s ‘Mad Money’ Recap: Protecting Your Profits
Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener. NEW YORK (TheStreet) — “When you own stocks, you need to be humble,” Jim Cramer told “Mad Money” TV show viewers Monday, as he dedicated the entire show to helping investors protect their profits from things they likely never saw coming Continue reading
AIG opts out of bailout lawsuit amid public vitriol
The board of AIG decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company’s bailout, following two days of fevered backlash from Congress and the public over the prospect. Continue reading
Stock Futures Barely Budge as Investors Watch G-20 Meeting
NEW YORK (TheStreet) — Stock futures were little changed Friday as investors processed a better-than-expected Empire State manufacturing survey while awaiting more U.S. economic data and headlines from a weekend meeting of the G-20. Futures for the Dow Jones Industrial Average were falling 8 points, or 3.39 points below fair value, at 13,942 Continue reading →