Credit Suisse Positive on VLO September-17-09 $20.61

Valero Energy Corp. (VLO) shares surged 7.7%, making it the biggest advancer on the S&P 500, after Credit Suisse said U.S. oil demand could stage a rally before year-end, "led principally by distillate consumption." Analyst Mark Flannery said he expects "a big bounce in U.S. oil demand should spark an immediate revival of interest in U.S. refining stocks." Shares in refiner Tesoro Corp. (TSO) gained 4.2%, while Sunoco Inc. (SUN) gained 2.8%.
$20.61 +1.38 (7.18%) 52Wk Range: 13.64 - 35.10

Malcolm Polley, CIO of Stewart Capital Advisors FNM FRE Worthless

Fannie Mae (FNM) and Freddie Mac (FRE) shares were up big on unusually heavy volumes Friday, even though few sane people believe the stocks have much value.
"I think they're worth zero," said Malcolm Polley, CIO of Stewart Capital Advisors, a $900 million money manager near Pittsburgh. "It's the same with AIG (AIG Quote). It's ridiculous that people are allowed to trade in these securities. They're being treated as lottery tickets."
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