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Big Upside in Insurers

By Doug Kass
06/19/09 6:36 a.m.

Deutsche Bank is out with a report on

Hartford

(HIG) - Get Report

stating that the shares could double in the next year. From my perch, the entire specialty/life finance sector holds huge upside based on a return to economic/credit stability. As I have recently written, Hartford,

Prudential

(PRU) - Get Report

,

MetLife

(MET) - Get Report

,

Lincoln National

(LNC) - Get Report

, etc. represent my largest sector exposure in my hedge funds.

Long HIG, PRU, MET, LNC

General Electric: Prospects Growing Dimmer

By Alan Farley
06/19/09 7:48 a.m.

General Electric

(GE) - Get Report

bottomed out at $5.73 in March, after posting the highest-volume session in its long history. The subsequent bounce lifted above the 50-day EMA but failed to reach the 200-day EMA, which made it a major underperformer during the four-month rally. The stock then ground out a symmetrical triangle near $14 and broke down this week, on increased volume. The selloff carried through the 50-day EMA, with price turning the corner on Thursday and posting a bull hammer reversal.

This downdraft likely marks the first stage in a continued decline that will eventually test the bear market low. There are a number of support levels going down, so the test might last into the late summer or early fall. In the meantime, this stock looks like a bad choice for investors and a great opportunity for short-sellers.

AT&T

By Jim Cramer
06/19/09 12:50 p.m.

How hated is

AT&T

(T) - Get Report

that even

Apple

(AAPL) - Get Report

can't move the needle? Didn't participate in the utility rally, despite the high yield! Disliked so much! I think a dividend boost is coming. I would hate to sell this one down here.

No positions

Citi and Bove

By Tim Melvin
06/19/09 12:53

The call to buy

Citigroup

(C) - Get Report

this morning by Dick Bove is going to go down right next to his suggestion that Lehman was a takeover target last August. Citi is nothing more, in my opinion, that a pile of toxic assets that will eventually need more capital to survive. The only asset it has is its once-proud name, and that becomes more tarnished daily. They are the poster child for the credit crisis.

I can accept

JPMorgan Chase

(JPM) - Get Report

as a buy or trading suggestion. I think it is rich here but there is no denying that Jamie Dimon has done it right since this mess began. How on earth you can form a rational at current level of new positions in most of these banks is beyond me.

No positions

Bond ETFs Mixed

By Tom Graff
06/19/09 1:08 p.m.

The

iShares iBoxx $ Invest Grade Corporate Bond

(LQD) - Get Report

, which tracks investment grade bonds, is solidly higher today, up 0.8%. It's outperforming Treasuries, which are up about 0.25%.

The

iShares iBoxx $ High Yield Corporate Bond

(HYG) - Get Report

and

SPDR Barclays Capital High Yield Bond

(JNK) - Get Report

, the largest high-yield ETFs, are flat. Both were up sharply yesterday despite their NAV prices falling slightly.

Positions: Long LQD, HYG

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This article was written by a staff member of RealMoney.com.