PicksThatMove.com Announces Investment Opinion on Ambac Financial Group Inc., Xerox Corporation, Kinross Gold Corporation, American Lithium Minerals Inc. and NovaGold Resources

Wed Nov 4, 2009 12:36pm EST
 
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NEWARK, Del.--(Business Wire)--
PicksThatMove is pleased to bring investors special situation stocks which have
a high potential for price appreciation. These companies have interesting
business models and they have to execute on the business development level to
bring value to shareholders. Some of our past picks had soared over 200%. To
view some of our profiled stocks, please visit our website at
www.picksthatmove.com. 

At PicksThatMove, our team scours the technical and financials of hundreds of
companies to identify those stocks showing the greatest potential for growth. 

The investment opinions offered below and in this press release are provided by
Nick Hunter, RIA, of PicksThatMove.com 

Ambac Financial Group Inc. (NYSE: ABK), $1.51, +$0.40, 36.04%, is a holding
company that provides financial services and financial guarantees, through its
subsidiaries, both in the private and public sectors around the world. Just this
morning the company has made gains of over 36% with over 62 million shares
traded which is a significant incline from yesterday`s volume of 8.5 million.
Ambac Financial announced its third quarter earnings with a reported net income
of $2,188.3 million, this is compared to the same quarter last year of a net
loss of $2,431.2 million. The company reports that the third quarter results are
a reflection of significant unrealized mark-to-market gains in the credit
derivatives portfolio and gains arising from reinsurance cancellations
throughout the quarter. Ambac has posted the complete details of its third
quarter results on the company`s website. 

Xerox Corporation (NYSE: XRX), $7.94, +$0.38, 5.03%, provides document systems
and services for businesses of any size and is a highly accredited technology
and services enterprise in the global document market. Xerox is seeing a
substantial volume of traffic today with gains of over 5% and 20 million shares
trading hands. The company introduced its Xerox 6279TM Wide Format Printer,
which is a black-and-white digital printer, copier and scanner with sharp image
quality, speed, and low running costs. This new machine can accommodate any
environment including commercial print shops, architectural, engineering and
construction companies. 

Kinross Gold Corporation (TSX: K), $19.88, +$0.52, 2.69%, based on reserves,is
recognized as the third largest gold producing company in North America, with
operations worldwide namely in U.S, Brazil, Chile, Ecuador and Russia. Kinross
is the most active company on the TSX today with over 11 million shares trading
hands so far. Earlier this month the company released its third quarter results
indicating production for the nine months of 2009 was 1,624,807 ounces, an
increase of 26% over the same period last year. Third quarter revenue was
reported as $582.3 million, compared to $503.7 million in the same quarter last
year, a 16% increase, with revenue for the first nine months was $1.7 billion, a
51% increase from the same period last year. Full financial disclosure has been
filed by the company and is available for viewing on SEDAR.

American Lithium Minerals Inc. (OTCBB: ACAS), $2.93, +$0.22, 8.12%, saw its
volume surge today with over 11 million shares traded so far, which is a
significant increase from yesterday`s close of 472,000. American Lithium
announced earlier this month the appointment of Mr. Chris Hobbs, CA, to the
position of CFO and as a member of the Board of Directors. Chris Hobbs, CA, will
guide the finance team focusing on mergers and acquisitions. Chairman of the
Board of ACAS, Matthew Markin, stated that Mr. Hobbs` experience in the sectors
of mining and mergers and acquisitions "will be a tremendous asset as we
continue the execution of our plan to be a dominant player in the domestic
lithium and rare earth minerals arenas." ACAS is an early stage lithium
exploration company, primarily focused in the U.S.A. 

NovaGold Resources (AMEX: NG), $5.11, +$0.14, 2.82%, is presently trading at a
volume of 2.4 million with a share increase of $0.14 on no news. NG is a
precious metals company, which through its subsidiaries, is primary engaged in
the exploration and development of mineral properties in Alaska and British
Columbia. 

About Picksthatmove.com 

PicksThatMove.com is an independent electronic publication that provides
information on selected publicly traded companies. PicksThatMove.com is not a
registered investment advisor or broker-dealer. PicksThatMove.com`s affiliates,
offices, directors and employees may buy and sell shares in any company
mentioned herein and may profit in the event those shares rise in value. Please
follow us on Twitter and Facebook for up to the minute investment ideas. Be sure
to do your own Due Diligence before investing in any of the stocks mentioned
above. 

Nick Hunter, RIA, of PicksThatMove is a member of the National Association of
Securities Dealers, CRD number 2022366

PicksThatMove.com
Joseph Smith, 1-877-292 3917
info@picksthatmove.com
http://www.picksthatmove.com

Copyright Business Wire 2009

 

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