Mortgage REITs have spiked this week as disappointing economic data has increased the likelihood of the Federal Reserve delaying the curbing of its $85 billion monthly bond purchases until next year. From October 18th to October 24th, the iShares Mortgage Real Estate Capped ETF (NYSEARCA: REM) has gained approximately 4.75 percent. On Tuesday, the U.S. Labor Department reported nonfarm payrolls grew by 148,000 in September, which was short of economists’ forecast of 180,000 jobs, sending U.S. treasuries yields to their lowest levels in three months.
ARMOUR Residential REIT, Inc. (NYSE: ARR) shares traded in the range of $4.42 to $4.47 Thursday before settling to close at $4.43, a decrease of 0.45 percent. The stock appears to be facing some resistance at the $4.57 and $4.68 levels with some support at $4.20. Shares of ARMOUR Residential have fallen approximately 31.0 percent in 2013.
More information on ARMOUR Residential and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARR
CYS Investments Inc. (NYSE: CYS) shares traded in the range of $8.66 to $8.84 Thursday before settling to close at $8.68, a decrease of 0.57 percent. The stock appears to be facing some resistance at the $8.91 and $9.27 levels with some support at $8.63. Shares of CYS Investments have fallen approximately 26.0 percent in 2013.
More information on CYS Investments and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CYS
Annaly Capital Management, Inc. (NYSE: NLY) shares traded in the range of $12.04 to $12.21 Thursday before settling to close at $12.15, an increase of 1.17 percent. The stock appears to be facing some resistance at the $12.43 and $12.60 levels with some support at $11.75. Shares of Annaly Capital Management have fallen approximately 13.0 percent in 2013.
More information on Annaly Capital Management and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NLY
Two Harbors Investment Corp. (NYSE: TWO) shares traded in the range of $9.74 to $9.81 Thursday before settling to close at $9.78, a decrease of 0.10 percent. The stock appears to be facing some resistance at the $10.24 and $11.14 levels with some support at $9.69. Shares of Two Harbors Investment have fallen approximately 11.0 percent in 2013.
More information on Two Harbors Investment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TWO
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: [email protected]