Today, January 28, 2009, their are several stock gainers that are breaking out in pre market trading. The bank stocks you see below are breaking out to a possible new program in February. Under the program, which is expected to start in February, up to $200 billion will be made available to spur auto, student and credit card loans as well as loans to small businesses. To do that, the Fed will buy securities backed by those different types of consumer debt. The Fed also hopes that action will lower rates on those loans. The program could be expanded in size or scope to provide financing for other types of securities, such as those backed by commercial mortgages. The house is also expected to pass a stimulus bill today. In Pre Market trading, the Dow is hitting 8300 and is breaking out technically. Check out today's biggest gainers and the Top Stocks for 2009.
Hot Stocks 1/28/09 - Biggest Gainers Today
Citigroup ( C ) - $4.39 Up 24% - Citi is going up with the above banking news.
Allied Irish Banks ( AIB ) - $4.37 Up 24% - AIB has been going up for days but is going up with the bank stock news above.
Financial Bull 3X ( FAS ) - $11.60 Up 25% - If you think the financial sector is going to explode higher, FAS is the stock for you because it offers 3 times the stock move.
Barclays ( BCS ) - $6.28 Up 20.54% - Barclays is one hot stock today as well, it has been breaking out for days!
Bank of America ( BAC ) - $7.80 Up 20% - BAC was just $5 last week but it appears Jeff Mackie saved the day as well as today's banking news.
Wells Fargo ( WFC ) - $19.59 Up 21% - WFC is going up with the above news, what isn't?
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