Shares of Federal National Mortgage Assctn Fnni Me FNMA 3.76%and Federal Home Loan Mortgage Corp FMCC 3.72% are up more than 30 percent each over the past two days following commentary from President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin.
Most investors understand the role portfolio diversification plays in minimizing risk. Unfortunately, many people think diversification simply means investing in exchange-traded funds that hold a number of different stocks.
Traders appear to be taking profits on the massive 50 percent-plus rally in Federal National Mortgage Assctn Fnni Me FNMA 6.67% and Federal Home Loan Mortgage Corp FMCC 7.15% this week following comments by President-elect Donald Trump’s new Treasury Secretary appointee.
Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent outperformance.
While investors try to prepare for what could be an unpredictable Donald Trump administration, Wisconsin is quietly undergoing a presidential election recount. The Wisconsin recount was requested by Green Party candidate Jill Stein, who said she has raised funds for a recount in Pennsylvania and possibly other states as well.
Federal Mational Mortgage Assctn Fnni Me FNMA 6.67% and Federal Home Loan Mortgage Corp FMCC 7.15% were both trading higher by more than 40 percent on Wednesday after President-elect Donald Trump’s recently-appointed Treasure Secretary Steven Mnuchin said the administration will make sure Fannie Mae and Freddie Mac are no longer owned by the government.
In a new report out on Thursday, the Department of Homeland Security Advisory Council says the U.S. government will continue to use facilities run by private prison companies such as Corecivic Inc CXW 1.85%and The GEO Group Inc GEO 0.85%.
The stock market has been on quite a run since Election Day, with the SPDR S&P 500 ETF Trust SPY 1.31% up 2.8 percent. Unfortunately for Facebook Inc FB 0.55% shareholders, the social media gianthasn’t been in on the fun.
Shares of Federal National Mortgage Assctn Fnni Me FNMA 6.67%and Federal Home Loan Mortgage Corp FMCC 7.15% are both up about 50 percent in the past two days following comments from Donald Trump’s recently-appointed Treasury Secretary Steven Mnuchin.
PreMarket Prep hosts Joel Elconin and Dennis Dick discussed the real impact that the OPEC production cut deal will have on oil stocks. According to Dick, WTI’s 9 percent jump to nearly $50 isn’t really cause for celebration for many of the higher-cost oil producers.