Investing

The 52-Week Low Club (SIRI, XMSR, C, BAC, AIG, LEA, RAD, GM, OSK, UAUA)

Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83.

GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to Detroit. Makes multiyear low at $11.10 down from 52-week high of $43.20.

Rite Aid (RAD) Larger than expected loss. Sells off to to $1.39 from 52-week high of $6.51.

Lear Corporation (LEA) Auto supplier in a bad auto market. Screams down to $14.25 from 52-week high of $41.33.

Bank of America (BAC) Series of negative comments from brokerages about money center banks. Wall Street also does not like Countrywide (CFC) deal. Sells down to $25.01 from 52-week high of $52.96.

Citigroup (C) Wall St. estimates another $9 billion in write-offs in Q2. Drops to $17.53 from 52-week high of $52.97.

XM Satellite Radio (XMSR) Concerns about viability, merger or not. Drops to $7.33 from 52-week high of $16.44

Sirius (SIRI) Ditto. Dips to $1.80 from 52-week high of $3.94

AIG (AIG) Investors looking for more huge write-offs. Tumbles to $28.26 from 52-week high of $70.97

United (UAUA) Oil prices top $140 a barrel. Sell down to $5.25 from 52-week high of $51.60

Douglas A. McIntyre

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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