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

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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 6279^TM 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.

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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