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FNMA

Fannie Mae

$0.00

(0.00%)

, FMCC

Freddie Mac

$0.00

(0.00%)

09:58
07/12/19
07/12
09:58
07/12/19
09:58

Fannie, Freddie fall amid new Sell ratings, administration's possible inaction

Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) are falling after Height Capital Markets analyst Ed Groshans initiated coverage of both stocks this morning with Sell ratings. The Treasury Department will release its plan for housing reform and the Federal Housing Finance Agency will issue its final capital rule over the next six months, Groshans told investors in a research note. The analyst forecasts the end of the "net worth sweep" that sends profits from the companies to the Treasury, and he expects the FHFA will end conservatorship of both. He also believes the Treasury Department will regard the companies' senior preferred shares as repaid, and that Fannie will raise $87B of new common equity while Freddie raises $52B. Separately, Bloomberg reported earlier today that the Trump administration is growing wary of taking bold steps toward freeing Fannie and Freddie from federal control before the 2020 election, according to people familiar with the matter. The administration sees political risk of potentially upending the U.S. mortgage market ahead of the election, Bloomberg said. In early trading, shares of Fannie Mae are down 8% to $2.60 and Freddie Mac is down 7% to $2.51.

FNMA

Fannie Mae

$0.00

(0.00%)

FMCC

Freddie Mac

$0.00

(0.00%)

FNMA Fannie Mae
$0.00

(0.00%)

01/10/19
COWN
01/10/19
NO CHANGE
COWN
Bright leaving Ginnie Mae 'negative' for Fannie, Freddie recaps, says Cowen
Following news that acting Ginnie Mae President Michael Bright is leaving to become the CEO of the Structured Finance Industry Group, Cowen analyst Jaret Seiberg called the news "likely a modest negative" those who favor the recap and release of Fannie Mae (FNMA) and Freddie Mac (FMCC). This is because Seiberg believes Bright will have more influence over GSE reform at the helm of the SFIG and he does not see that group pushing for a return to the old system. Seiberg further stated in his note to investors that he has "never viewed Bright as having sympathy for the push by current GSE investors for versions of reform that would benefit their positions."
04/04/19
RILY
04/04/19
INITIATION
Target $2.5
RILY
Neutral
Fannie Mae initiated with a Neutral at B. Riley FBR
B. Riley FBR analyst Randy Binner started Fannie Mae with a Neutral rating and $2.50 price target. The analyst sees potential value in the preferreds. Fannie Mae closed today up 14c to $2.90.
06/20/19
COMP
06/20/19
INITIATION
COMP
Neutral
Fannie Mae initiated with a Neutral at Compass Point
Compass Point started Fannie Mae with a Neutral rating.
FMCC Freddie Mac
$0.00

(0.00%)

06/20/19
COMP
06/20/19
INITIATION
COMP
Neutral
Freddie Mac initiated with a Neutral at Compass Point
Compass Point started Freddie Mac with a Neutral rating.

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SPDR S&P 500 ETF Trust

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General News
Trump to nominate Gene Scalia as Secretary of Labor »

President Trump tweeted:…

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Earnings
Notable companies reporting before tomorrow's open »

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POST

Post Holdings

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20:12
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Upgrade
Post Holdings rating change at Piper Jaffray »

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VMW

VMware

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Hot Stocks
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CRWD

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18:50
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Hot Stocks
Fly Intel: After Hours Movers »

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Exponent

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Microsoft

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Chewy

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Red Robin

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Gannett

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InflaRx

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BA

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MicroVision

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OZK

Bank OZK

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ISRG

Intuitive Surgical

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AA

Alcoa

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MGM

MGM Resorts

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MGM Growth

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Periodicals
MGM said to consider sale-leaseback of Bellagio, MGM Grand, Bloomberg says »

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MGM Resorts

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MGM Growth

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AAL

American Airlines

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0.5 (1.50%)

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United Continental

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18:49
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Periodicals
POTUS meets with U.S. airlines over Qatar subsidy accusations, Reuters says »

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American Airlines

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UAL

United Continental

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JBLU

JetBlue

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FDX

FedEx

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AAWW

Atlas Air

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BA

Boeing

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NUE

Nucor

$54.68

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Nucor CEO: We are very pleased with the results from the tariffs »

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NABZY

National Australia Bank

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National Australia Bank names Ross McEwan as new CEO »

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BAC

Bank of America

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Bank of America CEO: Millennials are a huge customer base for us »

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TAP

Molson Coors

$54.37

0.08 (0.15%)

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Molson Coors raises quarterly dividend to 57c from 41c per share »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
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Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

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Hot Stocks
Basic Energy announces record setting lateral completion in Permian Basin »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
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Hot Stocks
Microsoft CFO continues to expect double digit revenue growth in FY20 »

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QTRH

Quarterhill

$1.23

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18:02
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WiLAN unit acquires patent portfolio from Vidiator »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

18:00
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Hot Stocks
Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
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Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
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Red Robin confirms $40.00 per share cash buyout proposal from Vintage Capital »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
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Hot Stocks
Harvard Bioscience names Michael Rossi CFO »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
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Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
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Intuitive Surgical falls after Q2 report, despite earnings beat »

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
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Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
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Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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