Yahoo Finance NLY, CIM, MFA, and AMT Under StockCall’s Microscope
StockCall.com Provides Stock Research on Annaly Capital Management Inc., Chimera Investment Corp., MFA Financial Inc., and American Tower Corp.
New York City, New York -- (May 06, 2013)
The Federal Reserve, last week, released its latest monetary policy statement. In the statement, the Feds reiterated that it will continue with ultra-loose monetary policy measures until there is a sustained recovery in the labor market. The Federal Reserve has kept interest rates at record low levels for nearly four years now. While low interest rate environment has helped the recovery in the housing market, it has created significant challenges for REITs focusing on mortgages. REITs ended mostly lower on Friday, even as the broad market rallied following the release of better-than-expected economic data. Among the major movers in the REIT sector on Friday were Annaly Capital Management Inc. (NYSE:NLY - News), Chimera Investment Corporation (NYSE:CIM - News), MFA Financial Inc. (NYSE:MFA - News), and American Tower Corp. (NYSE:AMT - News). StockCall has released full comprehensive research on NLY, CIM, MFA, and AMT and these free technical analyses can be downloaded by signing up at
www.stockcall.com/technicalanalysis
Annaly Capital Management Inc.’s shares struggled in trading on Friday, despite the rally in the broad market. The stock traded between $15.07 and $15.44 before finishing the day 2.45% lower at $15.12 on above average volume of 19.41 million. Annaly Capital’s shares have fallen more than 5% in the last three trading sessions. The stock has slipped below its 50-day moving average as a result of the recent drop. This is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. The company’s currently has a dividend yield of 11.90%. Free technical analysis on NLY available by signing up at
www.StockCall.com/NLY050613.pdf
Shares of Chimera Investment Corporation slipped in Friday’s trading session; however, the losses were limited. The stock closed 0.30% lower at $3.28 on above average volume of 13.09 million. Despite the pullback, Chimera Investment’s shares are currently trading close to their 52-week high of $3.34. The stock is currently facing stiff resistance at around $3.30. Year-to-date, it has gained more than 29.10% as compared to a gain of nearly 13.20% for the S&P 500. The company currently has a dividend yield of 10.98%. Register today and access the free research on CIM at
www.StockCall.com/CIM050613.pdf
Shares of MFA Financial Inc. also slipped in trading on Friday. The stock traded between $9.18 and $9.33 before finishing the day 0.75% lower at $9.24 on volume of 2.44 million. MFA Financial’s shares have traded in a very tight range over the past one month. The stock is still trading above its 50-day and 200-day moving averages. Shares of MFA have gained more than 23% so far in 2013, outperforming the S&P 500. The REIT currently has a dividend yield of 9.52%. The free report on MFA can be downloaded by signing up now at
www.StockCall.com/MFA050613.pdf
Another REIT that struggled on Friday was American Tower Corp. The stock closed 0.35% lower at $83.56 on volume of 1.67 million after trading between $83.23 and $84.67. Despite the decline, American Tower’s shares are currently trading close to their 52-week high of $84.98. The REIT has seen a series of highs since mid-March, which is a bullish signal. However, the volume activity in the last three trading sessions, and the stock’s MACD chart suggest that market sentiment has turned bearish recently. The company’s shares have gained more than 8.50% so far this year, outperforming the S&P 500. Free report on AMT can be accessed by registering at
www.StockCall.com/AMT050613.pdf
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