Stocks Analysis by Investing.com (David Wagner) covering: American International Group Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
AIG shares have posted a powerful rally of over 75% from a multi-year low.Take advantage of professional tools to help you find the next stocks to take off with InvestingPro - A special limited-time discount of -10%) stock is on a tear, reaching its highest point since October 2008 at $80.74 on Tuesday. This caps a remarkable 13% rally in just the past month, but the good news goes back even further.
Click here to subscribe to InvestingPro for one year at a special discounted price, valid for a limited time only The aim is to take advantage of market inefficiencies, by identifying stocks whose value is lower than it should be, i.e. stocks that are undervalued. To determine this, professional investors generally use valuation models.
One such tool is Fair Value, an exclusive indicator from the InvestingPro fundamental analysis and stock-market strategy platform, which proposes a precise target for each stock on the market, based on the synthesis of several recognized valuation models.Advanced users can also customize the Fair Value calculation by choosing which models are taken into account and which are not.
While this may justify investors who already have the stock in their portfolios holding on to it for a while longer, it's by no means enough to justify opening a new position, as other stocks are showing much stronger bullish potential according to Fair Value.A search on the InvestingPro+ advanced screener has enabled us to identify 23 US-listed financial sector stocks, such as AIG, with a bullish potential of over 50% according to InvestingPro Fair Value.
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