Breakfast News: Federal National Mortgage Assctn Fnni Me, Cisco Systems, Microsoft Corporation, Federal Home Loan Mortgage Corp


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OTC:BB:FNMA / OTC:BB:FMCC / NASDAQ:CSCO / NASDAQ:MSFT
05/21/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 21, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Federal National Mortgage Assctn Fnni Me, Cisco Systems, Microsoft Corporation, Federal Home Loan Mortgage Corp.

Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)’s shares gained 1.20% to $4.35. The company on May 16 priced its fifth Multifamily DUS® REMIC in 2014 totaling $1.24 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on May 9, 2014.

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Additionally, the company on May 8 posted net income of $5.3 billion from January through March, its ninth straight profitable quarter, as the housing market continued to heal. Fannie's first-quarter profit compared with record net income of $58.7 billion in the same period of 2013. The year-ago figure was mainly due to a one-time accounting move that allowed the company to lower its tax liability by applying losses on delinquent mortgages to its 2013 taxes. The company also said it will pay a dividend of $5.7 billion to the U.S. Treasury next month. With its previous payments totaling about $121 billion, Fannie has more than fully repaid the $116 billion it received from taxpayers.

Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s shares climbed 0.46% to $4.33. The company on May 20 announced that it will not issue a Reference Notes® security in May. The company's 2014 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.

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This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission ("SEC") on February 27, 2014; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 ('Exchange Act") since December 31, 2013, excluding any information "furnished" to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.

Cisco Systems, Inc.(NASDAQ:CSCO)’s shares dropped 0.94% to $24.12. Demonstrating accelerating momentum for its new cloud business, Cisco on May 20 announced new cloud partners and customers, an updated array of cloud service offerings, and key cloud organization leadership appointments.

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Additionally, the company on May 14 reported its third quarter results for the period ended April 26, 2014. Cisco reported third quarter revenue of $11.5 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.42 per share, and non-GAAP net income of $2.6 billion or $0.51 per share.

Microsoft Corporation (NASDAQ:MSFT)’s shares dropped 0.18% to $39.68. The company on May 20 announced the recipients of the 2014 Microsoft Preferred Supplier Program (MPSP) Excellence Awards. The MPSP Excellence Awards recognize superior performance, exemplary service and innovation by suppliers that demonstrate what it means to be a preferred supplier at Microsoft. The purpose of the MPSP is to build long-term relationships with a select group of strategic suppliers that create long-term value for Microsoft.

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SOURCE: Market Buzz Report  

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