Morning Update - Stocks of Interest

AIG ONE YEAR LATER: On 9/15/08 AIG fell 61% and closed at a split-adjusted $95.20. One year later after the huge drop the stock closed at $38.80. The stock is well off the $6.60 level hit in March, but has a long way to go to get back to the $1400/share level hit in 2007. Here is a little hint - it WILL NOT happen in this century!

BREAKIN’ OUT & BRAGGIN’: Several of our holdings here at Penn Financial Group are joining the markets by hitting new 52-week highs and I thought I would share a few with you. Even though the headline is “braggin’”, I am trying to make a point at how diverse the market rally has been. AND more importantly the stocks below are NOT buy recommendations; we bought at much lower prices.

• FMC Corp (FMC) - A chemical company that is the number 3 producer of lithium in the world.
• iShares Municipal Bond ETF (MUB) - A the basket of municipal bonds that pays a tax-free yield of 3.6% is up over 5% in the last 3 months.
• iShares Silver ETF (SLV) - The ETF tracks the futures price of silver.
• PowerShares Software ETF (PSJ) - Basket of software stocks; this is my favorite sector within the technology industry.

STOCKS OF INTEREST

• Rightnow Technologies (RNOW) - A smaller tech company, RNOW provides on demand customer relationship management (CRM) software and services. This is a hot sector and RNOW is on support at $12.50.
• Tetra Tech (TTEK) -  Infrastructure company that has its hands in everything from water to buildings and has recently pulled back to support - one to watch.
• Omniture (OMTR) - Up over 25% after Adobe Systems (ADBE) made an offer for the company after the bell yesterday. Believe it or not, OMTR made it onto our Client Watchlist the prior day, unfortunately we did not buy any before the buyout. THAT BEING SAID, we have a few other technology players that we feel are positioned for big moves in the coming months. To find out more please contact us to hear more about our investment services.

Please call Penn Financial Group TODAY to take advantage of your FREE consultation 1-877-383-7366.