This morning, Freddie Mac (FRE) & Fannie Mae (FNM) are breaking down bigtime in pre marlet as a guest on CNBC came on and gave information on how to break up both companies. The Futures are lower as well which is not helping either.
For a trade, I will be buying FRE and FNM if they break up through their High of the Day after 9:40am EST.
Until then, here are some support levels to watch if you are boldly trying to catch the falling knife.
Fannie Mae (FNM) - Support = $1.36, $1.28, $1.16, $1 Resistance = $1.52
Freddie Mac (FRE) - Support = $1.73, $1.60, $1.34 Resistance = $1.90
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Showing posts with label fannie mae - fnm. Show all posts
Showing posts with label fannie mae - fnm. Show all posts
Wednesday, September 2, 2009
Tuesday, April 14, 2009
AIG FRE FNM CTIC Stock April 14, 2009
After an incredible Goldman Sachs ( GS ) earnings report last night, Shares of Citigroup ( C ) are flying in pre market. This is causing some other government backed stocks to surge as well.
Citigroup Technical Analysis: Click Here
American International Group ( AIG ): AIG stocks is trading at $1.61 in pre market trading. I am watching support at $1.54, if this continues to hold, look for the $2.00 high to be tested. If $2 is closed over, look for $2.12 and then $2.84. Support at $1.00 has been solid over the past month.
Freddie Mac ( FRE ) - FRE stock is trading at $1.04....watch the major resistance level of $1.50 but a close over $1.25 will get Freddie moving.
Fannie Mae ( FNM ) - FNM stock is trading at $1.03 in pre market, I am also watching $1.25 and major resistance at $1.43....a break up through this level would be huge!!
Cell Therapeutics, Inc. (CTIC) - CTIC crashed yesterday but is rebounded on the following news. I won't get interested again until CTIC breaks up through $0.45.
Also: Cell Therapeutics Initiating Rolling NDA Submission for Pixantrone
Etrade Financial ( ETFC ) - Etrade is gapping over the 200 day moving average at $1.97. This will act as support during the trading day today. Next resistance levels are $2.24 and $2.85
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Citigroup Technical Analysis: Click Here
American International Group ( AIG ): AIG stocks is trading at $1.61 in pre market trading. I am watching support at $1.54, if this continues to hold, look for the $2.00 high to be tested. If $2 is closed over, look for $2.12 and then $2.84. Support at $1.00 has been solid over the past month.
Freddie Mac ( FRE ) - FRE stock is trading at $1.04....watch the major resistance level of $1.50 but a close over $1.25 will get Freddie moving.
Fannie Mae ( FNM ) - FNM stock is trading at $1.03 in pre market, I am also watching $1.25 and major resistance at $1.43....a break up through this level would be huge!!
Cell Therapeutics, Inc. (CTIC) - CTIC crashed yesterday but is rebounded on the following news. I won't get interested again until CTIC breaks up through $0.45.
Also: Cell Therapeutics Initiating Rolling NDA Submission for Pixantrone
Etrade Financial ( ETFC ) - Etrade is gapping over the 200 day moving average at $1.97. This will act as support during the trading day today. Next resistance levels are $2.24 and $2.85
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Thursday, March 19, 2009
AIG FNM FRE Stock 3/20/09 March 20, 2009
It's going to be a rough day tomorrow for American International Group ( AIG ), Fannie Mae ( FNM ), Freddie Mac ( FRE ), and Sirius Satellite Radio ( SIRI ).
All four stocks are down in afterhours trading tonight 3/20/09.
Fannie and Freddie are down due to profit taking and the fact that CNBC's Jim Cramer said tonight they are worth Zero.
AIG Stock is down due to profit taking and the fact that Washington is all over them with the bonus issue.
Sirius Satellite Radio ( SIRI ) is down tonight due to profit taking and the fact that it has doubled in three days.
After Market Stock Quotes/Prices
American International Group ( AIG ) - $1.48 Down 8.64%
Freddie Mac ( FRE ) - $0.91 Down 9.94%
Fannie Mae ( FNM ) - $0.89 Down 8.25%
Sirius Satellite Radio ( SIRI ) - $0.30 Down 7.69%
Palm ( PALM ) - $7.26 Down 5.84% - Palm loss widens significantly as sales plunge
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
All four stocks are down in afterhours trading tonight 3/20/09.
Fannie and Freddie are down due to profit taking and the fact that CNBC's Jim Cramer said tonight they are worth Zero.
AIG Stock is down due to profit taking and the fact that Washington is all over them with the bonus issue.
Sirius Satellite Radio ( SIRI ) is down tonight due to profit taking and the fact that it has doubled in three days.
After Market Stock Quotes/Prices
American International Group ( AIG ) - $1.48 Down 8.64%
Freddie Mac ( FRE ) - $0.91 Down 9.94%
Fannie Mae ( FNM ) - $0.89 Down 8.25%
Sirius Satellite Radio ( SIRI ) - $0.30 Down 7.69%
Palm ( PALM ) - $7.26 Down 5.84% - Palm loss widens significantly as sales plunge
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Tuesday, September 9, 2008
Stock Market 9/09 Update - Stocks to Watch FSLR, LEH, AAPL
Today has been another interesting day....Lehman ( LEH ) is getting drilled, down 30%. I think this would be the last one to go and then the market can reverse for the long term. By last to go I mean, Bear Sterns ( BSC ) Fannie Mae ( FNM ) & Freddie Mac ( FRE ). If Lehman got taken over or bailed out.....the market can finally look forward instead of fearing the above companies and how it effects selling in the stocks they own. Look at GOOG, CHK, FSLR, ENER, AAPL.....these companies are getting sold off for no reason....and they do not bounce when the market goes up. These are good solid companies trade at fair valuations. Forced selling has the most to do with these stocks.
These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.
First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!
These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.
First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!
FNM FRE Stock 9/09/09 - Fannie Mae & Freddie Mac Trading Updates
This morning FNM and FRE up both up in pre market.....but thats not really saying much as they were sliced by 80% yesterday after the government bailed them out.
FNM is .88 up 21%
FRE is $1.00 up 14% in pre market trading
You buy these when they break their High of Day and you sell if they break their Low of Day. This is the only way i'd be trading these. Take profits quickly, don't be greedy!
FNM is .88 up 21%
FRE is $1.00 up 14% in pre market trading
You buy these when they break their High of Day and you sell if they break their Low of Day. This is the only way i'd be trading these. Take profits quickly, don't be greedy!
Monday, September 8, 2008
Stock Market - 9/08/08 - Pre Market Stock Analysis
This morning 9/08/08 we have the government bailout of Freddie Mac ( FRE ) and Fannie Mae ( FNM ). Dow futures are pointing up 254 points....Nasdaq up 36 points....and S&P 500 up 35 points. This is more or less a short squeeze but a case could be made for a double bottom to have formed with all three of the above averages.
ABK Ambac has exploded this morning....it will open pre market over $10 per share.
In other News.....smartphone sales are up 16% this year even with the global slowdown we have seen.....Apple ( AAPL ) and Research in Motion ( RIMM ) are up on this news.
ABK Ambac has exploded this morning....it will open pre market over $10 per share.
In other News.....smartphone sales are up 16% this year even with the global slowdown we have seen.....Apple ( AAPL ) and Research in Motion ( RIMM ) are up on this news.
Friday, September 5, 2008
FNM & FRE 9/5/08 - Fannie Mae ( FNM ) & Freddie Mac ( FRE ) Breaking out Afterhours
Fannie Mae ( FNM ) and Freddie Mac ( FRE ) are breaking out in afterhours tonight Friday 9/05/08. The stock market futures are surging on this news as well!
NEW YORK (Dow Jones)--The U.S. Treasury, while remaining tightlipped around details on its plans for Freddie Mac (FRE) and Fannie Mae (FNM), is quietly working behind the scenes to lend a helping hand to the struggling mortgage finance giants.
In recent weeks, Treasury officials have been reaching out to overseas buyers - including foreign central banks - of so-called agency securities, or debt sold by the two companies, to reassure them of the creditworthiness of these borrowings.
In one such conversation, at the end of August, the Treasury sought to reassure the Bank of Mexico, according to a person familiar with the matter, of the soundness of agency securities held by the bank. The discussion with the Treasury took place as Mexico's central bank, an investor in agency debt, met with Freddie officials to address concerns it had about these investments.
Treasury officials have also had similar conversations with Japanese investors who are buyers and holders of agency debt.
The moves are an effort to quell concerns of investors amid uncertainty around the fate of Freddie and Fannie. They are also aimed at bolstering demand for this type of financing by the two companies that is critical to their business. Many analysts and investors say that a government bailout is inevitable if Freddie and Fannie, which were chartered by the Congress to fuel home ownership, are unable to tap the debt market for funding.
The backdoor workings of the Treasury offer a window into how critical Freddie's and Fannie's access to the debt market is to their functioning. The two government-sponsored enterprises use the funds to finance their purchases of home loans from mortgage lenders.
"We are making progress on our work" with the companies' regulator and government officials, said Treasury spokeswoman Jennifer Zuccarelli.
For the Treasury, the ability of the pair to keep turning over their debt is paramount. Last month, Congress gave the Treasury Department the authority to lend money to the firms or take an equity stake. While Treasury officials have reiterated that they have no imminent plans to intervene, a deterioration in the housing sector could force their hand if either company can no longer fund itself.
It is widely expected that such an intervention will likely render worthless the holdings of existing shareholders. The government is expected to protect holders of the companies' senior debt and the mortgage-backed securities they guarantee to avoid a meltdown in financial markets.
NEW YORK (Dow Jones)--The U.S. Treasury, while remaining tightlipped around details on its plans for Freddie Mac (FRE) and Fannie Mae (FNM), is quietly working behind the scenes to lend a helping hand to the struggling mortgage finance giants.
In recent weeks, Treasury officials have been reaching out to overseas buyers - including foreign central banks - of so-called agency securities, or debt sold by the two companies, to reassure them of the creditworthiness of these borrowings.
In one such conversation, at the end of August, the Treasury sought to reassure the Bank of Mexico, according to a person familiar with the matter, of the soundness of agency securities held by the bank. The discussion with the Treasury took place as Mexico's central bank, an investor in agency debt, met with Freddie officials to address concerns it had about these investments.
Treasury officials have also had similar conversations with Japanese investors who are buyers and holders of agency debt.
The moves are an effort to quell concerns of investors amid uncertainty around the fate of Freddie and Fannie. They are also aimed at bolstering demand for this type of financing by the two companies that is critical to their business. Many analysts and investors say that a government bailout is inevitable if Freddie and Fannie, which were chartered by the Congress to fuel home ownership, are unable to tap the debt market for funding.
The backdoor workings of the Treasury offer a window into how critical Freddie's and Fannie's access to the debt market is to their functioning. The two government-sponsored enterprises use the funds to finance their purchases of home loans from mortgage lenders.
"We are making progress on our work" with the companies' regulator and government officials, said Treasury spokeswoman Jennifer Zuccarelli.
For the Treasury, the ability of the pair to keep turning over their debt is paramount. Last month, Congress gave the Treasury Department the authority to lend money to the firms or take an equity stake. While Treasury officials have reiterated that they have no imminent plans to intervene, a deterioration in the housing sector could force their hand if either company can no longer fund itself.
It is widely expected that such an intervention will likely render worthless the holdings of existing shareholders. The government is expected to protect holders of the companies' senior debt and the mortgage-backed securities they guarantee to avoid a meltdown in financial markets.
Wednesday, September 3, 2008
FNM Fannie Mae stock 9/03/08 - FNM Stock Breaking out
Fannie Mae ( FNM ) is breaking out to $7.65 early in trading today as the comapny has sold 2 billion dollars worth of bills, CNBC says this is a sign that things are no so bad with Fannie Mae FNM.
FNM the largest U.S. home funding source, said on Wednesday it sold $2 billion of short-term debt at lower interest rates compared with a week earlier.
The company sold $1 billion of three-month benchmark bills due Dec. 3, 2008 at a stop-out rate, or lowest accepted rate of 2.553 percent and $1 billion of six-month bills due March 4, 2009 at a 2.858 percent stop-out rate.
The three-month bills were priced at 99.355 and have a money market yield of 2.570 percent, and the six-month bills were priced at 98.555 and have a money market yield of 2.900 percent, according to Fannie Mae.
On Aug. 27, Fannie Mae sold $1 billion of three-month bills at a 2.580 percent stop-out rate and $1 billion of six-month bills at a 2.870 percent stop-out rate.
FNM the largest U.S. home funding source, said on Wednesday it sold $2 billion of short-term debt at lower interest rates compared with a week earlier.
The company sold $1 billion of three-month benchmark bills due Dec. 3, 2008 at a stop-out rate, or lowest accepted rate of 2.553 percent and $1 billion of six-month bills due March 4, 2009 at a 2.858 percent stop-out rate.
The three-month bills were priced at 99.355 and have a money market yield of 2.570 percent, and the six-month bills were priced at 98.555 and have a money market yield of 2.900 percent, according to Fannie Mae.
On Aug. 27, Fannie Mae sold $1 billion of three-month bills at a 2.580 percent stop-out rate and $1 billion of six-month bills at a 2.870 percent stop-out rate.
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